So Math sold the right to the royalties for $555k and some group is making $1.2M off of that. I still don't get it. That sounds dumb.
555k today does not equal 1.2m tomorrow. who knows how long it'll take to make 1.2m, especially with how poisonous his brand is currently. If he is indeed going broke, he needs that 555 yesterday.
the longer part of the story is that since the government (and really no contemporary western government) is not investing in the infrastructure, well-being, or income producing acitivites of its largest demographic, there isnt an area in the economy to really see returns. Youtube and spotify are producing returns, albeit through the ponzi of ad revenue (but with a global austerity program, who cares about click-through rates when the shelves are bare). Commercial real estate is set to collapse because nO oNe wAnTs tO wOrK aNymORE and most of those big-building jobs are slated to be killed off by AI (regardless if it works). Housing is a big ponzi where boomers basically have to give genz, millenials, late-genxers downpayment or more because the wages paid by big business.
there are very few value-generating, tax-generating businesses in existence, and once they are standardized they are brought up by PE which leads us back to this same problem.
so that being said, he sees the writing on the wall, he knows the rules, take the money while you can. everyone can learn from dennis schroder.
