Musicians who sold their song catalogs for countless millions
KISS sell their catalog and likenesses to hologram company for US$300 million
MUSIC Entertainment
In the past, the publishing rights to a song would belong to the songwriter and the publisher (companies like Sony and Universal Music), while the recording rights usually belonged to the artist who performed the song and the record labels, with everyone involved earning royalties. However, the music industry is starting to change. From Bob Dylan to Justin Timberlake, it seems everyone and their mother are cutting multi-million dollar deals to sell their song catalogs.
The most recent act to do so is the legendary rock band KISS. The group made a deal with the Swedish company Pophouse Entertainment, who are responsible for the 'ABBA Voyage' hologram shows. KISS were already working with them to create 3D avatars for a full holographic residency, but they've now sold the company their entire music catalog, their name, and their likenesses for a whopping US$300 million!
Click through this gallery to find out which other musicians have taken the plunge, and for how much.