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Post by respect77 on Feb 7, 2023 21:50:11 GMT
I think it's worth its own thread.
Wow, the catalog sale is shocking news. I noticed it's a trend now to sell artist catalogs, but I thought it were mainly old artists doing it to secure their pension or something (Springsteen, Dylan etc) but then some Estates (eg Bowie's, Prince's) also sold their artist's catalog. So I wonder what's behind this trend.
At least it's a record price.
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Post by Deleted on Feb 7, 2023 21:59:32 GMT
Yeah, I thought it was a way to see your money before you die.
I don't quite follow what the logic is behind this, or what "half" means. It could mean MJs music appearing in way more things as the Estate had priced themselves out of it before LN.
Interesting nonetheless, I just don't know enough about this stuff to understand what it means if I'm honest.
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Post by pg13 on Feb 7, 2023 22:35:44 GMT
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Post by aazzaabb on Feb 7, 2023 22:39:13 GMT
Can you elaborate on this? |
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Post by pg13 on Feb 7, 2023 22:49:57 GMT
Can you elaborate on this? Taking the Whitney deal as an example, Primary Wave did a "renegotiation of partnerships, focusing on merchandise, digital strategy, and social media enhancement — upping the game in general". They've put a number of things out: "Primary Wave Music has released new Whitney Houston songs (including a dance remix of “Higher Love,” which was a hit in 2019), created a Whitney Houston biopic, and has plans for additional posthumous album releases including a live album and a gospel album featuring the late singer." The Whitney Houston Estate and Primary Wave have also partnered with Scent Beauty to create a Whitney Houston fragrance. So, different products can be created through these deals and, I think, quicker than with just the original Estate owners. Diversification of products. Who knows what would be put out in terms of MJ? But I would certainly expect to see more merchandise, for example. Likely more music releases - tours could be one possibility. Improving the social media presence of MJ will likely be a big part of it like with Whitney. Fans still complain about the poor social media stuff for MJ. Seems to me these deals are aimed at maximising an artist's posthumous legacy longterm. |
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Post by respect77 on Feb 7, 2023 22:53:17 GMT
Yeah, I'm trying to understand the rationale behind it rather than just throw a tantrum like fans often do. There must be reason that artists or Estates selling their catalog is such a trend now. To be honest, this probably won't affect us fans much (or maybe for the better, after all it's not like fans have been so satisfied with how the Estate handled MJ's legacy - who knows, Sony taking over might mean a better, more professional treatment) and if the beneficiaries are okay with it we can throw all the tantrums we want, but it's their asset to sell. |
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Post by pg13 on Feb 7, 2023 23:00:57 GMT
Yeah, I'm trying to understand the rationale behind it rather than just throw a tantrum like fans often do. There must be reason that artists or Estates selling their catalog is such a trend now. To be honest, this probably won't affect us fans much (or maybe for the better, after all it's not like fans have been so satisfied with how the Estate handled MJ's legacy - who knows, Sony taking over might mean a better, more professional treatment) and if the beneficiaries are okay with it we can throw all the tantrums we want, but it's their asset to sell. If this deal is legit as per Variety who also broke similar news about Whitney, then I think it would be beneficial for fans too. What's been done with Whitney sounds good. Michael, in comparison, is just massive and could be a really good thing. As you said, a more professional treatment due to the deal. Sony will want everything to work really well for $800-900 million investment and will definitely not want a repeat of 2010. Michael's Estate is, I'm sure, too big for the two Executors to get the best out of. So, enter a massive company to help realise the business potential. One things for sure....Dan Reed will be even more pissed with such a deal! 🤣 |
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Post by respect77 on Feb 7, 2023 23:06:51 GMT
Just by the way how MJ's social media is run or how unprofessional and amateurish certain things the Estate does look, maybe actual industry professionals taking over will have a positive effect, who knows.
And what fans are throwing a tantrum about here really?
"MJ would never sell it if he was alive".
Yeah, maybe, but he's not alive. He's not here to control his catalog anyway. If it's not Sony then it's someone else making decisions for it. Like his Estate with whom fans have not been particularly satisfied with, were they? So can it really get worse? The rationale is that if Sony invests so much into it they have have big plans and vision for it.
As for his children. I can't imagine this happening without their approval. Neither seems particularly interested in managing MJ's legacy. I know Prince is kinda working with the Estate, but I wonder how substantial that work really is. And of course, he's not a professional either. And if they really disagree with something they might still be able to veto if they will still have 50 percent of it.
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Post by aazzaabb on Feb 7, 2023 23:15:18 GMT
Can you elaborate on this? Taking the Whitney deal as an example, Primary Wave did a "renegotiation of partnerships, focusing on merchandise, digital strategy, and social media enhancement — upping the game in general". They've put a number of things out: "Primary Wave Music has released new Whitney Houston songs (including a dance remix of “Higher Love,” which was a hit in 2019), created a Whitney Houston biopic, and has plans for additional posthumous album releases including a live album and a gospel album featuring the late singer." The Whitney Houston Estate and Primary Wave have also partnered with Scent Beauty to create a Whitney Houston fragrance. So, different products can be created through these deals and, I think, quicker than with just the original Estate owners. Diversification of products. Who knows what would be put out in terms of MJ? But I would certainly expect to see more merchandise, for example. Likely more music releases - tours could be one possibility. Improving the social media presence of MJ will likely be a big part of it like with Whitney. Fans still complain about the poor social media stuff for MJ. Seems to me these deals are aimed at maximising an artist's posthumous legacy longterm. Brilliant. I’m going to embrace the possibilities here and you make some very good points. I know the Dylan deal certainly hasn’t been a bad thing either although it’s only a year old Dylan is someone who very much cares about his legacy and wouldn’t have made such a decision lightly. Sure, you have the big initial payout, but there’ll also be some sort of clause in there that insures the artists legacy is handled in a certain way. |
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Post by russtcb on Feb 8, 2023 0:22:19 GMT
So I wonder if the media will begin to change their tune with so much more money to be made off of Michael.
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Post by respect77 on Feb 8, 2023 1:02:39 GMT
I particularly like the "Sony just wants to profit" hot takes. Yeah, a company doesn't just do things for charity. Shocking. Some fans act like we live in some sort of communist utopia where companies shouldn't do things for profit.
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Post by respect77 on Feb 8, 2023 4:47:29 GMT
Roger is salty that MJ might sell for a higher price than the Beatles's. LOL.
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Post by Deleted on Feb 8, 2023 5:35:02 GMT
Roger is salty that MJ might sell for a higher price than the Beatles's. LOL. "Journalist". This guy was always an idiot. Always. |
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Post by respect77 on Feb 8, 2023 6:35:25 GMT
He's a Beatles fan and he's salty that it might be a bigger deal than even the sale of the ATV catalog.
MJ of course wrote a lot more than just 20 songs and on top of that they tend to be his biggest hits. His top 3 songs on YouTube are, for example, Billie Jean, They Don't Care About Us and Beat It. All self written. It's not just about the amount written by an artist, it's also about the songs marketability. An obscure artist's 10000 self-written songs won't be worth as much as Billie Jean alone.
Plus, Roger should pay attention because this isn't just about his catalog but his Estate which includes a lot more than just songs written by him.
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Post by Deleted on Feb 8, 2023 6:39:10 GMT
So I wonder if the media will begin to change their tune with so much more money to be made off of Michael. I think this tide turned a while ago tbh. The news sites weren't anywhere near as catastrophic for MJ The Musical or the film. I only saw one or two negative articles. MJ fans love misery and always focus on posts/articles (however big or small) that are negative and when you block it all out you realise that no one really cares about those click bait articles except for MJ fans. This kind of news definitely is good for MJs brand though. |
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