Because he had structured royaltees but he needs cash now!If he is making that much, why sell now? Sit and wait, no? I would love to know how much he got, it had to be over a $100 million. Maybe he feels that investing the money he sold them for is better.
He sure does.Sounds like Jon has it figured out.
Well, he’s keeping his split of the publishing.He sure does.
And he’s keeping the publishing.
1. I sold the band a Conn strobe tuner and bass strings in 83. Their road manager worked for REO Speedwagon, hence the Champaign/Urbana connection.
He had a really good roadie name, “Beef.”
2. Mark my words; JBJ going to run for political office in the next 10 years. They’re already priming the pump with his “Soul Kitchen” ads.
I'll raise you. I bet there is 0 chance of him being a politician. And I say that as someone who actually lives in NJ. (A few miles from the Soul Kitchen...where he actually goes in and washes dishes.)2. Mark my words; JBJ going to run for political office in the next 10 years. They’re already priming the pump with his “Soul Kitchen” ads.
Me in 1991: f@ck bon jovi, bunch of selloutshttps://www.rollingstone.com/music/music-news/richie-sambora-bon-jovi-merck-mercuriadis-975148/
So, Richie sold his share of 186 songs he wrote for an unspecified amount. A few years back he told Howard Stern he was making around ~$2 million/month from royalties. I'm guessing the amount of this deal was something he couldn't say no to. I'm also guessing he hasn't been making $20mm/year off of those songs anymore too.
I found this part of a statement by Sambora a bit odd though; "I believe the work he is doing that has transformed the way that the world looks at the power of great songs and the songwriting community is very special. I look forward to working with him and his Hipgnosis team to deliver more success for all of us."
I always figured when these rights were sold, that was it for the writer/artist. I'm curious as to how "more success" would work for him (RS).
Good info here on how The Beatles lost their publishing:You'd think that TGP, with all its members, would have someone on here who understood how the record business worked in detail, and could chime in here.
https://ultimateclassicrock.com/bon-jovi-politics-2020/I'll raise you. I bet there is 0 chance of him being a politician. And I say that as someone who actually lives in NJ. (A few miles from the Soul Kitchen...where he actually goes in and washes dishes.)
he broke up with her in 2018. They claim to still want to tour as RSOI'm sure he can get by on Orianthi's royalties.
As a native of Buffalo NY I am inclined to dislike his band (football fans will know what I'm referring to), but, to the man's credit, the solo from "Wanted Dead Or Alive" is fantastic.