John Legend just sold his entire music catalog for those Ms.

[Morethan1]

Yall been calling John a c00n /sellout for damn near 10 year's.


Now all of a sudden yall worried about his kids kids

Yall boy's truly weird

 

[Toe Jay Simpson]

This is starting to look like some mafia type stuff

“You know John, Prince could have sold his catalog for so much money. It’s a shame he died before we could really change his mind”

 

[mobbinfms]

The problem with just having 100 million and generating a few mil a year is taxation. You aren't just gonna have 100 Ms in the bank for 20-30 years, you'll lose it over time, plus inflation is a factor over the years.

You'd rather have revenue streams that will eventually add up to 100 Ms than just have 100 Ms, generally.

This is not what financial advisors recommend in terms of a smaller lump sum payment now over a larger amount paid over years.

 

[mobbinfms]

Another reason they sell is they only pay a 20% capital gains gains tax vs paying capital gains + income tax. Bob Dylan supposedly saved around $90 million by selling his catalog

Great point.

 

[kingdizzy01]

Something fishy going on

yea there isnt any money in music anymore.

oversaturated

 

[NinoBrown]

How much that actually bring in?

Around 2 million easily if we assume he averages 30 million streams a day, I have to log into my Spotify account to check.

 

[L&HH]

He is young and a very dumb move, his family would see royalties well into the second half of the 21st century but sold it all for short-term gain.

Now we are going to hear John Legend songs in Burger Commercials smh

And his family can still make money from the interest of the money he invests....

 

[The_Sheff]

He is young and a very dumb move, his family would see royalties well into the second half of the 21st century but sold it all for short-term gain.

Now we are going to hear John Legend songs in Burger Commercials smh

The stories I have read is that older artists found it to be a nightmare to deal with that if they have multiple kids. Issue being the kids fight like cats and dogs over control and specific songs and the family gets torn apart. Older artists said it was much better to sell the catalog and leave the kids money.

Think about it, if it’s just one kid it’s no problem but what if you have 4 kids and each of them have 2 kids. That’s 12 people fighting over a pie and the number is only going to increase.

 

[mobbinfms]

John Legend isn't old and decrepit, obviously his call but short-term gain for an asset that will accrue into the 22nd century is short-sighted....

Maybe he is broke?

No guarantees that his catalog will generate revenue at todays rate, 50 years from now.

 

[Easy-E]

These two posts kinda shed light on what Im tryina find out

These investors prolly are being re-assured by whatever company is gonna manage these assets that they will be able to increase profits via whatever commercial channels they will use to do so

These music catalogue management companies gotta have executives coming from the biggest ad / commercial companies there are n thats how they will ensure thru their connections that the music rights will be sold at the right price

Something the artists themselves wouldnt be able to accomplish...

This happens all the time in the financial world: new investors coming in and taking over a company (music catalogue in this case), changing management n squeezing every penny they can out of this business

The main way they gonna be able to exploit music catalogues is to have a lot.

Look at Michael Jackson, he didn't just own his shyt, he owned part of other ppl's shyt and wasn't the only one trying to make money off Eminem or Paul McCarthy/Beatles.

The biggest problem with Lil Wayne and John Legend is that they would have to sit there and make their own deals with this company and that company. They'd also have to enforce copyright infringement and violations themselves.

I'm making some assumptions. But, my main point is that idea that these artist can sit on their ass or that music catalogues are passive income. They can't and it's not.

John Legend will die not making $100 million off his catalogue. These companies your talking about will prolly make half a billion over the lifetime of them owning his right, plus they can flip em if need be. A company is more than likely to do business with a Capital Investment firm over John Legend Inc.

John Legend gotta be damn near 50 and not everyone is James Brown and wanting to buss their asses making money off music.

 

[NinoBrown]

The stories I have read is that older artists found it to be a nightmare to deal with that if they have multiple kids. Issue being the kids fight like cats and dogs over control and specific songs and the family gets torn apart. Older artists said it was much better to sell the catalog and leave the kids money.

Having an uncle that hit a million dollar lotto, yeah, 100% right.

 

[Easy-E]

John Legend isn't old and decrepit, obviously his call but short-term gain for an asset that will accrue into the 22nd century is short-sighted....

Maybe he is broke?

John Legend nor anybody he knows he gonna be alive in the 22th century

 

[mobbinfms]

How much that actually bring in?

Depends on the total number of streams.
According to Spotify, he is the 70th highest streamer. Not sure if that’s US or worldwide. Very impressive either way.

 

[TELL ME YA CHEESIN FAM?]

The problem with just having 100 million and generating a few mil a year is taxation. You aren't just gonna have 100 Ms in the bank for 20-30 years, you'll lose it over time, plus inflation is a factor over the years.

You'd rather have revenue streams that will eventually add up to 100 Ms than just have 100 Ms, generally.

How much of his catalogue did he own anyway?
We don't know all the details
I believe they still retain some rights
It doesn't make any sense for all these artists to sell their entire catalogues
Why not 20-50%?

 

[razassin]

The main way they gonna be able to exploit music catalogues is to have a lot.

Look at Michael Jackson, he didn't just own his shyt, he owned part of other ppl's shyt and wasn't the only one trying to make money off Eminem or Paul McCarthy/Beatles.

The biggest problem with Lil Wayne and John Legend is that they would have to sit there and make their own deals with this company and that company. They'd also have to enforce copyright infringement and violations themselves.

I'm making some assumptions. But, my main point is that idea that these artist can sit on their ass or that music catalogues are passive income. They can't and it's not.

John Legend will die not making $100 million off his catalogue. These companies your talking about will prolly make half a billion over the lifetime of them owning his right, plus they can flip em if need be. A company is more than likely to do business with a Capital Investment firm over John Legend Inc.

John Legend gotta be damn near 50 and not everyone is James Brown and wanting to buss their asses making money off music.

Tru dat, nikka

U know yo shyt... u in the music biz?