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

DonDadda

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people in here acting like he can't invest those millions into other business ventures or property

his discography is mid at best anyway, this isn't like r kelly selling his
 

The Intergalactic Koala

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Music industry is dead. People don’t buy albums anymore. Everything is streaming. Artists barely make money off streams. This makes sense.

Yet you got everybody and their mom trying to get into the music industry:francis:. Folks need to treat the game to Bandcamp and get that UPS gig, because if The Boss is selling his catalog, we are all fukked when it comes down to a good retire and investment.
 

EndDomination

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The obvious question, first, is what did John Legend actually sell? Saying "sold his entire catalog" means nothing.

Did he sell a license, did he sell the master recordings he owned, did he give them rights to masters with a buyback option later down the line, or did he sell publishing rights?

How much of his "music catalog" did he actually own, to begin with? Did he own his future productions as well?

These are all important questions that aren't answered by clickbait headlines.
 

NinoBrown

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How do you see the Spotify dashboard? :ohhh:
Also, might not be 2 million per month based on Spotify’s market share (I believe they are the biggest). We just don’t have enough information to drill down to numbers like that. I appreciate what you’re doing though :salute:

I have an artist account, I can view the streams of anyone really. I try to bring numbers into discussions like these when possible.

shyt even michael jackson was only getting $2 per album sold for Thriller.... that was one of the highest in music at that time.

That was $4 in 2020.

Streaming rates be bullshyt like $0.2625 which O don't even know wtf that means...like barely 30cent? :wtf:


Streaming industry/360 deals making these record label ceos and bosses way more money

Stream rate for online services is less than a penny. Radio is at least a penny but irrelevant since he splits those royalties with co-writers and publishers too.


From understanding these companies buying the music have a system in place to where they know how to get placements for the music.

In the future would you want to leave that job for your kids?

How much money would John Legend music really make 20-30-50 years down the line? :patrice:

These artists are privy to information the general public is not....it clearly makes sense to them to take that upfront cash.

Yes, the money is really in advertisements and product placement. Those companies work with music publishers directly for sourcing music licenses. They can put a John Legend song in a McDonald's campaign commercial and generate millions over time, just off that one placement. If they can get dozens of global first-level placements in 5-10 years, they are gonna recoup on their investment.
 

Optimus Prime

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John is a EGOT, he's going to be royalty in the business until he dies.
He probably doesn't own 100% of his music catalog which dilutes that total number some of yall think he brings in monthly/yearly.
Seems like the companies are buying all the catalogs to be able to package them in overall license deals.
If WB owns the Bruce, Taylor Swift, John Legend catalogs and put it all under the 'WB Music Catalog' they pull it off of Apple Music and hold it ransom to the highest bidder. I think that's what these companies are envisioning.
You want to use 'Born in the USA' for something you have to buy a license to the whole catalog in order to use it
If John got $30-50M for his catalog, no way he was bringing that in anytime soon if he would have kept ownership of it.
 

NinoBrown

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John is a EGOT, he's going to be royalty in the business until he dies.
He probably doesn't own 100% of his music catalog which dilutes that total number some of yall think he brings in monthly/yearly.
Seems like the companies are buying all the catalogs to be able to package them in overall license deals.
If WB owns the Bruce, Taylor Swift, John Legend catalogs and put it all under the 'WB Music Catalog' they pull it off of Apple Music and hold it ransom to the highest bidder. I think that's what these companies are envisioning.
You want to use 'Born in the USA' for something you have to buy a license to the whole catalog in order to use it
If John got $30-50M for his catalog, no way he was bringing that in anytime soon if he would have kept ownership of it.

Exactly breh, exclusive blanket license deals. Essentially curators can download the song and drop it into their media project. Less red tape to work with 3 different publishers to gain rights for a 30 second piece of music.
 

Toe Jay Simpson

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If these deals wasn't lucrative these companies wouldn't be offering to buy the rights, that's all I'll say.
This.

Master P turned down a million dollar offer once because he said to himself “if this man is offering a million dollars and dont even know me, what am I really worth”
 

breakfuss

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This.

Master P turned down a million dollar offer once because he said to himself “if this man is offering a million dollars and dont even know me, what am I really worth”
It does kinda suck when you see we don't own any of the great "institutions" like Motwown, Def Jam etc. But generally the industry has consolidated so I guess it isn't fair to hold that against people.
 

Red

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This is the convergence of different financial and investment strategies/goals. Stop thinking 2d and 3d, start thinking 4d.
 
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