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Alice in Chains Members Sell Catalog

igotid88igotid88 Posts: 27,991
in Other Music
https://www.yahoo.com/entertainment/alice-chains-members-sell-catalog-065521665.html?utm_source=facebook&utm_medium=news_tab
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  • Spiritual_ChaosSpiritual_Chaos Posts: 30,520
    “With such a dedicated following and an enduring catalog, there is tons of upside potential for licensing across film, TV and videos games,” says Jordan Passman, founder and CEO of Score a Score, a music production and licensing company.

    Yuck.

    And why sell when they are still so young...
    "Mostly I think that people react sensitively because they know you’ve got a point"
  • Spiritual_ChaosSpiritual_Chaos Posts: 30,520
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
    "Mostly I think that people react sensitively because they know you’ve got a point"
  • mookieblalockmookieblalock Posts: 3,272
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
    Neil young sold half his catalogue, too. Tisk, tisk,..
  • cp3iversoncp3iverson Posts: 8,692
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
    Alice In Chains can actually sing tho :lol:
  • ZodZod Posts: 10,587
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE

    All artists seem to be selling off their catalogs/rights to their music.  Not sure if it's because lack of touring has hit them financially, or they're trying to spend the money, rather than let the rights pass to their heirs.  Seems super common in older musicians.  Why not rake in 150 million before you die, rather than leave it on the table?  AIC though.. they're not that old.. maybe they should of collected royalties for another decade or two first?
  • brianluxbrianlux Posts: 42,027
    edited February 2022
    Not really related, but I had this really strange dream last night. I dreamed that I was watching a video of Patti Smith playing in a trio with herself only on vocals, a drummer, and another woman using a microphone rubbed against a metal cylinder that looked like a metal coffee thermos cup to create these strange feedback sounds. While the two musicians playing somewhat quietly in the background, Patti sang/spoke this incredible poem. At the end of the poem, Patti walked up to the mic and said very pointedly and slowly, "ALICE...IN...CHAINS!" (Patti looked to be fairly young and the way she said those words was more part of the poem than any reference to the band of that name. I think the poem was about someone being repressed.) Patti then walked off camera and the drummer started gradually picking up the pace and volume until he was totally ripping, and the woman rubbing the microphone around the metal cylinder was creating these incredible sheets of guitar-like feedback. It was freaking amazing to watch!
    Post edited by brianlux on
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  • LoujoeLoujoe Posts: 9,455
    Time for you to make some interesting music.
    Alice in chains...went to a Slayer show with Alice in chains opening. My metal mentality..."I'm not going to see a band with a lame name like that." Missed them. Saw them at another show later and was blown away. I hope they make money on the sale and I hear AIC in a commercial. wait i wont. Don't know how to use my darn t.v. anymore.
  • Tim SimmonsTim Simmons Posts: 8,075
    Good for them. Get paid while the paying is good.

  • Tim SimmonsTim Simmons Posts: 8,075
    Zod said:
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
      AIC though.. they're not that old.. 
    But they kind of are. Approaching 60. 
  • brewdog123brewdog123 Posts: 657
    Spiritual_Chaos said:
    “With such a dedicated following and an enduring catalog, there is tons of upside potential for licensing across film, TV and videos games,” says Jordan Passman, founder and CEO of Score a Score, a music production and licensing company.

    Yuck.

    And why sell when they are still so young...
    https://www.blabbermouth.net/news/the-offspring-sells-entire-catalog-for-35-million/

    remember when the Offsring did it over 6 years ago? they were pretty youngish. sometime you have to strike when the deal presents itself and we have no idea peoples financial situations
    Atlanta, GA 8/7/00...Atlanta, GA 4/19/03...Columbia, SC 6/16/08...New Orleans, LA 5/1/10...East Troy, WI 9/3/11... East Troy, WI 9/4/11... Atlanta, GA 9/22/12...Greenville, SC 4/16/16...Nashville, TN 9/16/22
  • Spiritual_ChaosSpiritual_Chaos Posts: 30,520
    cp3iverson said:
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
    Alice In Chains can actually sing tho :lol:

    "Mostly I think that people react sensitively because they know you’ve got a point"
  • PoncierPoncier Posts: 16,921
    Tim Simmons said:
    Zod said:
    Spiritual_Chaos said:
    And weird selling your catalog, instead of following Neil Youngs lead and leave Spotify. 

    WHAT HAPPENED TO GRUNGE
      AIC though.. they're not that old.. 
    But they kind of are. Approaching 60. 
    Easy now. Admitting the AIC guys are getting old means admitting we are getting old.
    This weekend we rock Portland
  • brewdog123brewdog123 Posts: 657
    Just heard on radio that Sting has or is about to sell his catalog for 300 million 
    Atlanta, GA 8/7/00...Atlanta, GA 4/19/03...Columbia, SC 6/16/08...New Orleans, LA 5/1/10...East Troy, WI 9/3/11... East Troy, WI 9/4/11... Atlanta, GA 9/22/12...Greenville, SC 4/16/16...Nashville, TN 9/16/22
  • igotid88igotid88 Posts: 27,991
    brewdog123 said:
    Just heard on radio that Sting has or is about to sell his catalog for 300 million 
    Yea it was rumored since last December 
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  • igotid88igotid88 Posts: 27,991
    Motley Crüe sold there's for 150. Wonder what PJ will get. At least 200
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  • Spiritual_ChaosSpiritual_Chaos Posts: 30,520
    I wonder if this has brought up on any of Pearl Jam's zoom meetings. 

    "hey guys, I just read that Bob and Bruce has sold their publishing and..."
    "Mostly I think that people react sensitively because they know you’ve got a point"
  • Spiritual_ChaosSpiritual_Chaos Posts: 30,520
    edited February 2022
    igotid88 said:
    Motley Crüe sold there's for 150. Wonder what PJ will get. At least 200
    Would depend on the rules and demands in the contract. 

    Mötley saying "sell any product with our music" VS e.g. "Our music is not to be used in any commercials, unless Harrison Ford narrates them"
    "Mostly I think that people react sensitively because they know you’ve got a point"
  • PoncierPoncier Posts: 16,921
    igotid88 said:
    Motley Crüe sold there's for 150. Wonder what PJ will get. At least 200
    Current offer is $75 Million.
    Boring doesn't work as well in commercials.
    This weekend we rock Portland
  • igotid88igotid88 Posts: 27,991
    Poncier said:
    igotid88 said:
    Motley Crüe sold there's for 150. Wonder what PJ will get. At least 200
    Current offer is $75 Million.
    Boring doesn't work as well in commercials.
    I doubt they would get that little.  
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  • ZodZod Posts: 10,587
    Would/does PJ need to sell their catalog? I kind of assumed older artists did it so they could get a giant wad of cash to continue supporting their higher than normal lifestyles.

    Given than even before Covid PJ kept their tours right, I assumed the guys in the band were ok for money.

    I can't see any reason to sell ones catalog other then needing a giant wad of dough?
  • Cropduster-80Cropduster-80 Posts: 2,034
    edited February 2022
    Zod said:
    Would/does PJ need to sell their catalog? I kind of assumed older artists did it so they could get a giant wad of cash to continue supporting their higher than normal lifestyles.

    Given than even before Covid PJ kept their tours right, I assumed the guys in the band were ok for money.

    I can't see any reason to sell ones catalog other then needing a giant wad of dough?
    If you are going to sell eventually I would assume there are tax planning reasons to sell.  Capital gains etc.  if the rates go up to ordinary income levels then it’s a lot more taxable. 

    Probably the perfect balance of a high offer to buy and a more favourable  tax environment probably drive the timing 
    Post edited by Cropduster-80 on
  • igotid88igotid88 Posts: 27,991
    The Layne Stayley and Mike Starr estates sold theirs earlier 
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