Sting

[nikon F]

looks like mr Sting has sold his back catalogue as well. must be hard up or something

Edited February 12, 2022 by Rich

[AndyTravis]

Got to be in the £500m-£1b mark for all that?

 

Springsteen got £500m

[Doddy]

5 minutes ago, AndyTravis said:

Got to be in the £500m-£1b mark for all that?

 

Springsteen got £500m

$300m apparently.

[AndyTravis]

8 minutes ago, Doddy said:

$300m apparently.

Oooft he’s got to be worth double that already…

[oldslapper]

Just now, AndyTravis said:

Oooft he’s got to be worth double that already…

He got stung 

[SteveXFR]

I'm surprised it's worth that much considering how little streaming services pay.

[AndyTravis]

23 minutes ago, SteveXFR said:

I'm surprised it's worth that much considering how little streaming services pay.

It’s about usage in films/tv and radio plus too.

 

with something like “every breath you take” alone that will probably be paid back in a couple of years.

[Grahambythesea]

If he’s got £300m given his age he’ll be hard pressed to spend it all! Not a bad pension pot. He does not give the impression of living an extravagant life style.

[AndyTravis]

2 minutes ago, Grahambythesea said:

If he’s got £300m given his age he’ll be hard pressed to spend it all! Not a bad pension pot. He does not give the impression of living an extravagant life style.

His great great grandchildren won’t have to worry…probably more generations than that 🤣

[MacDaddy]

1 minute ago, Grahambythesea said:

If he’s got £300m given his age he’ll be hard pressed to spend it all! Not a bad pension pot. He does not give the impression of living an extravagant life style.

 

It's about the tax. Apparently less is paid on the purchase amount, than would be paid yearly.

Or something 😆

 

[MacDaddy]

Alice in Chains, have sold theirs for $50 million. Paltry by comparison 😉

 

 

[AndyTravis]

[Lozz196]

54 minutes ago, AndyTravis said:

It’s about usage in films/tv and radio plus too.

 

with something like “every breath you take” alone that will probably be paid back in a couple of years.

I wonder what Andy Summers, who wrote that riff will make of it all.

[AndyTravis]

28 minutes ago, Lozz196 said:

I wonder what Andy Summers, who wrote that riff will make of it all.

Bet he’d be bitter, massively hacked off and he’d hold a grudge for years…

 

probably.

[Guest]

Considering he started off playing double bass in jazz clubs around Newcastle, worked hard to generate and sustain success and (co-) wrote some great songs, fair play to him. I’d do the same but I would probably have done it a decade or two earlier 

[Bilbo]

They can have mine for £30 and a (big) bag of Revels. 

[Doctor J]

At least he didn't sell it for... Peanuts.

[nikon F]

10 hours ago, Doctor J said:

At least he didn't sell it for... Peanuts.

i see what you did there 😄

[Doctor J]

You're possibly the only one. You might say there is nobody... next to you.

 

 

 

 

I'm very sorry.

[TimR]

15 hours ago, AndyTravis said:

His great great grandchildren won’t have to worry…probably more generations than that 🤣

 

TBH I assume it's a move to simplify his estate and make inheritance tax more efficient and guarantee a sum. 

[BigRedX]

Once again the important question is what exactly has Sting sold.

 

Most reports don't bother with the details, but AFAICS it's just the publishing which ought be less than 50% of his performance royalty income.

[Guest]

19 hours ago, oldslapper said:

He got stung 

The news of this created quite a buzz. It's a real honey of a deal.  I understand The Hives are looking to do the same, as is Queen.  I reckon the publishers will make a bee line if they did.

[oldslapper]

38 minutes ago, Bassfinger said:

The news of this created quite a buzz. It's a real honey of a deal.  I understand The Hives are looking to do the same, as is Queen.  I reckon the publishers will make a bee line if they did.

I see you’ve been combing for puns….not exactly been bumbling along now have you? 

[Oomo]

21 hours ago, SteveXFR said:

I'm surprised it's worth that much considering how little streaming services pay.

I think there's also a fight to get exclusive access to as much as possible (this happens with Netflix/Disney+/Amazon Prime etc.). Many people won't want to subscribe to many streaming platforms, so if your platform has exclusive rights to X% of music, hope is that people will pick yours, and eventually kill of the competition.

[SteveXFR]

3 minutes ago, Oomo said:

I think there's also a fight to get exclusive access to as much as possible (this happens with Netflix/Disney+/Amazon Prime etc.). Many people won't want to subscribe to many streaming platforms, so if your platform has exclusive rights to X% of music, hope is that people will pick yours, and eventually kill of the competition.

 

That is a bummer. The biggest streaming platforms are the ones with the worst sound quality and pay the least to artists.