How is this worth $300,000,000? How will they make that money back? I'd say Simmons & Stanley have done pretty well out of that deal. There’s no money to be made from the royalties, they’re banking on the IP. I can think of only three Kiss songs and they all suck. https://ultimateclassicrock.com/kiss-sells-catalog-name-logo-makeup/
@Doctor_J_ well all of these deals are questionable. Kiss is huge globally regardless of your take on them. So I’m guessing this has something to do with the VR Kiss (same company did the ABBA thing). Give it a couple years and wham demand and back catalogue, licensing. Now you’re never going to get back that number…
@fistfulofdave Bjorn from Abba is a main stakeholder in Pophouse who have bought Although Kiss shows have spectacle, their music is not well known, really, and is not very warm either. It’s all big hat, no cattle. I’m not sure there’s $300m of demand for a Kiss avatar show, unlike, say, Queen, which would print money.
@Doctor_J_@fistfulofdave Apparently the Queen one was discussed but Brian May and Roger Taylor say they’d rather play live with other singers for as long as they can.
@Doctor_J_@fistfulofdave 🧐 Who owns Freddie Mercury’s portion? Use rights must have been sold for some of the songs at some point. There were suddenly lots of ads with Queen songs. The Flash one springs to mind. But there were many others.
It’d be nice if a chunk of the money went into a trust to support new bands just starting out. Pay their rent and give them a living income for a few years. If I ever win the lottery I’ll start a fund like that!
@ianRobinson@fistfulofdave Freddie left everything to Mary Austin, so I assume she represents the 25% of his estate. Queen (Brian, Roger, and John and the FM Estate) make decisions about licensing and adverts and all of that. They remain hugely profitable, and loved. The metric for purchasing these estate sales is roughly 20x annual income. Can Kiss generate $15m/yr without touring? Queen probably does already!
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