seriously. smh.All these old heads sold out. Motown, Soul Train, BET etc. Imagine if those platforms were still around and black owned smh. Black artists could have a platform “owned” by us. What a shame to sell your work to whites
L.A. Reid Sells 100% Of His Catalog to Hipgnosis
- Thread starter Big Boss
- Start date
Nile Rogers is a co-founder
Funny I was watching a Chic melody the other night and saw the lead singer like
Maybe what we should be asking is how did Nile Rodgers come up with this idea when he's older than most of the people selling?
How come they couldn't come up with a similar plan or ask to be put on?
Exactly. They don’t realize this company has connections to studio execs and producers and will getting these songs played in commercials, tv shows, movies, online ads, etc to make these catalogs profitable. I would’ve never given up 100 percent ownership.
Damn. This the same people that purchased 75% of The-Dream's catalog?
I wonder what this man is up to.
How Hipgnosis Is Shaking Up the Music Industry
The Man Who’s Spending $1 Billion to Own Every Pop Song
I wonder what this man is up to.
How Hipgnosis Is Shaking Up the Music Industry
The Man Who’s Spending $1 Billion to Own Every Pop Song
Not saying I agree with them selling but they're also getting ownership in the company too so if their catalog does have value then that means the company's stock will go up. So they're getting cash up front, advisement roles in the company, and stock on the back-end
Here's Darkchild talking about selling it:
I can respect him getting ownership and a seat on the board for sure. I’m just thinking long term if the company goes bust, they’ll just sell the catalog off to someone else (like they did Death Row). He would’ve got his cash up front but he wouldn’t be able to eat off it anymore.
I’m sure he’s done the math and gauged the risks but I personally would’ve tried to keep ownership, OR go in with other super producers and create a similar company, so you still have control.
