Thread 127416334

Kwab.

>>127416334 (OP)
Are their royalties that bad? Why sell it?

>>127416334 (OP)
haha imagine only getting 120 mil lmao

>>127416476
they're a metal band so they won't get their songs in commercials or movies. I'm surprised it's worth that much to begin with.

All these private equity firms buying up music rights is only going to make things worse in the future.

>>127416334 (OP)
wise move, that shit is going down in value not up

>>127416512
And the band has like 10 people, so they're getting chump change.

>>127416334 (OP)
>$120 million split between 20 band members
not such a good idea having a lot of staff now was it?

>>127416334 (OP)
Slipknot is kill

>>127416535
What future?

damn I didn't know there was so many billionaires on /mu/ who think tens of millions of dollars is "chump change", also:
>sources suggest not all band members are selling

>>127416334 (OP)
pop band in halloween costumes

>>127417242
You’re not a Fortune 500 CEO? KWAB

you dont sell your back catalog if you think your band has a future

>>127417242
>not all band members are selling
you dont understand how copyright works, you cant sell half an album

>>127416652
Depends on who wrote the songs.
It's the songwriters that have rights over the catalog, not just any band members

>>127416334 (OP)
KISS sold their whole everything for just 350 milly

>>127417600
All the songs on the albums are credited to all the members.

so why musicians sells their catalog these days

>>127417347
no, you sell it because people are paying over-inflated amounts for them so it's good to cash out now before they find out the music isn't worth that much.

>>127417368
if, say, two people (ie the songwriters) share a copyright and receive half the royalties on it each, one of them can sell their share to anyone else
or, if one of them died their share would pass to their heirs and might be further subdivided.

back catalogue rights used to be a major source of income for artists, but nowadays many artists are selling them

it's a smart move. you can't take it with you, and slipknot are a bunch of 50 year old millenials at death's door

>>127416334 (OP)
good for Slipk for not selling their catalog

>>127417733
it's likely all the members are selling as a package to get a better deal since that's what the article is stating. Otherwise it would just name the individuals members looking to sell.

>>127417826
I see

>>127416334 (OP)
Slipknot would have disappeared in 2017 if not for Cory and Shaun being terrible with their money.

>>127416647
Pretty sure Clown and Corey are the only ones getting any cash. They rest have basically been hired guns for a long time.

>>127417698
Doing the 350 mily shuffle

>>127416334 (OP)
queen sold their music catalog for 1.27 billion

>>127417347
kevin parker just sold his catalog plus all future projects.

>>127416535
for who? for what? slipknot has only 2 good albums, 3 at best. 120m is a lot of money. They are not making that money from streaming certainly. What would be the difference? they have to pay 10% of each live show to the new owners? big fucking deal. Still not worth 120m.

As for consumers you will be always be able to listen to it because the new owners want to make money.

So I ask again, whats the downside?

>>127417725
Because owning them makes no money for them maybe a hundred grand each year. Probably not even that.

>>127416334 (OP)
Ain’t no one gonna pay that much for fucking slipknot music lmao

>>127417715
>All the songs on the albums are credited to all the members.

it says nothing about percentages. 99.999999% could be one member.

>>127420019
the difference is a lot of lawsuits for plagarism. Equity firm now owns the songwriting for a song, and will now go after any song that sounds similar. This already happened with Miley Cyrus and her song Flowers. She got permission from Bruno Mars to sample it but I guess she didn't ask one of the other writers or whatever. That writer sold their music rights and the company that bought it is now suing her. Normally artists don't care about copying as long as it's not too blatant but Firms will care and don't give a fuck about people getting mad.

Then they record everything and do a Taylor's version? Been there...

>>127420704
Based, I hope Anacrusis gets rich for that riff Slipknot stole from them

>>127416334 (OP)
split up between the 10 or whatever members, after taxes, is just a couple million

>>127418331
i don't know much about this band but aren't both of their guitarists technically OG members? its funny how you only ever hear about corey and the clown

>slipknot's music
>worth $120 million

>>127416334 (OP)
That's smart of them thoughbeit.
>>127416647
Assuming it's an equal split, that's still 12 million which is hardly chump change.

Slipknot were huge, even if you don't like them, and they still have a big following. Are they really making so little money?
Why would the buyers be so retarded to pay an unfair price?
What are the limitations for the band, stemming from this sale?

>>127416521
More like they're pop-band past their prime, so they won't get their songs in anything but 2010s retro-revival media, and we're not there yet.

>>127416521
I can 100% see their music being used in movie trailers and soundtracks (again). Just scrub and edit naughty words out, maybe just use the instrumentals and guitar riffs.

They were part of the first Resident Evil movie's soundtrack with their MV for My Plague being a tie-in with the movie.

Millenials who grew up back then are now like 40 years old and in charge of the next movie trailers.

>>127423897
Slipknot was such a massive name growing up and they had a huge amount of merchandise. To me 120 mil for their life's work as big as their name is seems like a deal for the buyers

>>127416334 (OP)
That's sad.

>>127428563
> Millennials in charge

>>127423785
They are but I'm pretty sure Clown owns just about everything related to them and Corey does some as well. It's weird how the fag who bangs on a garbage can has that much power. One anon a while back broke it all down. It was a fascinating read.

>>127430729
I think he technically started it and likely owns the name and image, or at least a majority chunk of it.

>>127416334 (OP)
Reminder that these private equity firms will license the catalogs they own to train AI.

Not metal.

>>127417698
By that you gene and paul sold everything kiss

>>127430729
Kek an Ozzy situation.

"Millennials in charge"
That is adorable

>>127430762
>>127433439
Their behind the scenes stuff is a billion times more interesting than their music. That one Maggot who did a lore dump on here that one time was great. I remember there being a bit about Clown doing a high fashion photoshoot or something if someone else wants to try to dig it up. It was hilarious.

>>127433474
Gavin Newsom 2028 mofos
Fuck Vance

who gets joeys chunk of that 120m?

the new drummer?

also slipknot are garbage

>>127430729
I don't know much about Slipknot but I watched a short documentary on them once and was very surprised to find out the Clown guy is the leader. It's like if Bez was the top guy in Happy Mondays.

i'm sure hope they're looking at this thread for due diligence for their deal.

>>127417242
If you don't retire with 5 million you're basically going to die in extreme poverty unable to afford medication

>>127416521
>Slipknot
>metal
Here we go…

This is literally a millennial website. I have been posting here for 19 years

>>127436471
>also slipknot are garbage
Not sure how they have been as of late but all the parts where Taylor sang normally and some instrumental sections where realy good.