Let’s Talk …
In the most recent news to filter out of the industry, one of the most prominent bands in the quirky rock category – who dominated the charts in the ’90s – have sold the publishing for all of their music catalogue for a proposed fee of £100 million to Hipgnosis.
Now, whether it’s a way to secure a stable future for friends and family, or merely demonstrates the situation of music streaming for artists, the Peppers have joined the long-list of eclectic artists who have also sold their songwriting formats, like Bob Dylan and Fleetwood Mac.
As drummer Chad Smith talks about the future of the band, by looking ahead to new music, it solidifies their position in an overwhelming industry as one of those bands that have been there, done that, and signed the t-shirt. Well, signed the deal, in fact.
Either way, let me know your thoughts on this one – will more international artists join the plethora already once momentum is picked up? What does this demonstrate to us artists who are up-and-coming and don’t have a collection worth selling for millions?
Is the industry ethos of selling, changing?
More importantly, if these artists are selling their work now while it’s hot, do these music artists know something we don’t?