The Briefing Room

General Category => Sports/Entertainment/MSM/Social Media => Topic started by: Timber Rattler on April 06, 2024, 12:14:22 pm

Title: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: Timber Rattler on April 06, 2024, 12:14:22 pm
https://www.usatoday.com/story/entertainment/music/2024/04/05/kiss-sells-band-catalog-pophouse-entertainment/73218796007/

Quote
Some things aren't "Forever" for legendary rock band KISS after the quartet announced they sold their catalog, brand name and IP.

The 2014 Rock and Roll Hall of Fame inductees did the deal with Swedish company Pophouse Entertainment Group. The company, founded by Swedish music executive Per Urban Sundin, paid the band $300 million for the acquisition, Bloomberg reported.

"Pophouse, the pioneering global entertainment and music investment firm, announces the acquisition of the music catalogue, brand name and likeness - including the world- famous face paint designs – as well as trademarks of the iconic American rock band KISS," the Stockholm-based company said in a news release.

EXCERPT

Gene and Paul cashing out.
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: Hoodat on April 06, 2024, 04:19:40 pm
Pophouse Entertainment Group got ripped off.  Oy vey!
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: goatprairie on April 07, 2024, 12:42:55 am
KISS is to rock and roll what Pauly Shore is to comedy.  :thud:
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: libertybele on April 07, 2024, 12:46:57 am
Quote from: Hoodat on April 06, 2024, 04:19:40 pm
Pophouse Entertainment Group got ripped off.  Oy vey!

 :beer:
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: Timber Rattler on April 07, 2024, 01:29:49 pm
Quote from: Hoodat on April 06, 2024, 04:19:40 pm
Pophouse Entertainment Group got ripped off.  Oy vey!

Gene and Paul were always sharp businessmen first and rockers second.  Their act was always a business, and they have openly said so repeatedly.
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: Fishrrman on April 07, 2024, 09:40:06 pm
Estate planning...  Bob Dylan did the same not so long ago.
Title: Re: 'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Post by: catfish1957 on April 07, 2024, 11:08:06 pm
I've given Kiss one "3-star rview".  The rest are one 1/2  or two .  That said, there is limited future music value, considering how they must Spotify compete with at leaast 200-300 other classic rock artist that are so much better.  And as far as IP value, the era of Kiss toys and action figures are long gone.  I don't see that ever being of any value soon.

Want an idea of how badly Pophouse overpaid?  In '85 Michael Jackson paid $46M for the Beatles catalog.  Which accooounting for infllation I guess about $100-$150M in today's par value.