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Re: AEROSMITH Frontman Sells Interest In Band's Catalog
Report: AEROSMITH Frontman Sells Interest In Band's Catalog - Jan. 10, 2008
Peter Lauria of the New York Post reports: In a deal that capitalizes on a recent change in tax law, AEROSMITH front man Steven Tyler has formed a strategic partnership that includes the sale of an interest in his band's publishing catalog to Primary Wave Music Publishing, The Post has learned.
Terms of the deal, expected to be announced today, were not disclosed, but music industry sources estimate the pact '” which covers 160 songs written or co-written by Tyler '” is worth about $50 million.
Included in the deal are the rights to many of the hit songs that led to AEROSMITH's reemergence on the rock scene beginning in the late 1980s, including "Love in an Elevator", "Dude Looks Like a Lady", "Janie's Got a Gun", and "Jaded".
Read the entire article here.
http://www.roadrunnerrecords.com/blabbe … emID=88135
so he doesnt own the songs anymore? i dont get it 
why would he do that?
- DoubleTalkingJive
- Rep: 74
Re: AEROSMITH Frontman Sells Interest In Band's Catalog
I guess 50 million looked damn good to him.
- Jimmy Zig Zag Bobiadis
- Rep: 25
Re: AEROSMITH Frontman Sells Interest In Band's Catalog
Report: AEROSMITH Frontman Sells Interest In Band's Catalog - Jan. 10, 2008
Peter Lauria of the New York Post reports: In a deal that capitalizes on a recent change in tax law, AEROSMITH front man Steven Tyler has formed a strategic partnership that includes the sale of an interest in his band's publishing catalog to Primary Wave Music Publishing, The Post has learned.
Terms of the deal, expected to be announced today, were not disclosed, but music industry sources estimate the pact '” which covers 160 songs written or co-written by Tyler '” is worth about $50 million.
Included in the deal are the rights to many of the hit songs that led to AEROSMITH's reemergence on the rock scene beginning in the late 1980s, including "Love in an Elevator", "Dude Looks Like a Lady", "Janie's Got a Gun", and "Jaded".
Read the entire article here.
http://www.roadrunnerrecords.com/blabbe … emID=88135
so he doesnt own the songs anymore? i dont get it
in this day and age, that was probably a wise move. 50 million is possibly more than he could hope to make on the music and he's not getting any younger.
Re: AEROSMITH Frontman Sells Interest In Band's Catalog
Report: AEROSMITH Frontman Sells Interest In Band's Catalog - Jan. 10, 2008
Peter Lauria of the New York Post reports: In a deal that capitalizes on a recent change in tax law, AEROSMITH front man Steven Tyler has formed a strategic partnership that includes the sale of an interest in his band's publishing catalog to Primary Wave Music Publishing, The Post has learned.
Terms of the deal, expected to be announced today, were not disclosed, but music industry sources estimate the pact '” which covers 160 songs written or co-written by Tyler '” is worth about $50 million.
Included in the deal are the rights to many of the hit songs that led to AEROSMITH's reemergence on the rock scene beginning in the late 1980s, including "Love in an Elevator", "Dude Looks Like a Lady", "Janie's Got a Gun", and "Jaded".
Read the entire article here.
http://www.roadrunnerrecords.com/blabbe … emID=88135
so he doesnt own the songs anymore? i dont get it
I could be wrong but I don't think he gave up all his
rights to them. At the same time he could be using his life long work to
set up his family for the rest of there lives? Interesting news....
Re: AEROSMITH Frontman Sells Interest In Band's Catalog
PaSnow wrote:Neemo wrote:so he doesnt own the songs anymore? i dont get it
As DTJ said, $50 million dollars. Sadly, you can soon expect to hear Aerosmith songs on American Idol & car commercials near you.
I love Steven Tyler, but you're right about this and that just sucks.
If he's written the songs, then he's perfectly entitled to do what he's done and who are we to contest that.
In fact I'd rather hear Aerosmith on tv and other places if it means I don't have to listen to the usual crap! As long as its not some of their later stuff mind you.
Re: AEROSMITH Frontman Sells Interest In Band's Catalog
C'mon people... Aerosmiths "publishing" was OWNED by a pub company before Primary Wave. These stupid comments about hearng their music on lame commercials and tv shows just shows how uninformed the public is on music rights. Trust me... if you hear it on American Idol Steven Tyler approved it.
