Rodney Jerkins AKA Darkchild Has Sold His Music Catalog

[JoelB]

I need a coli business accountant to explain to me why this move isn't dumb as shyt

 

[levitate]

Swing by and pick you up for coffee and crumpets tomorrow?

 

[ORDER_66]

Aren't you amazed its people who can't understand this from reading the article.

I mean I understood it.. he used his catalog as financial bargaining chip but is that a smart move if the company flops??? His music makes passive income generational wealth...

 

[Ol’Otis]

Jerkins will also be joining the Advisory Board of Hipgnosis’ Investment Advisor, The Family (Music) Limited, with immediate effect.

he better pray

he giving up a lot

 

[Big Boss]

WHO!?!?!?

 

[Neo. The Only. The One.]

WHO!?!?!?

 

[Big Boss]

Bump

 

[Squirrel from Meteor Man]

I’m sure he worked out the math behind the move, but I’ll never agree with giving up 100% of intellectual property.

He might have been in serious need of cash flow.

 

[Tim2520]

How is this a good deal for him, I hope this works out for him

 

[L&HH]

I need a coli business accountant to explain to me why this move isn't dumb as shyt

He owns shares in this company that buys people's music rights. It's pretty simple if he calculated that his ownership in that company would be worth more long term than the money he makes in royalties then it's a smart move.

Here's one reason why it can be a smart move. As time goes on the royalties he makes from those songs is going to decrease. The songs become less relevant and new music takes over the general populace. However the worth of that company could increase (as they acquire more music rights new and old). So essentially he traded an asset with decreasing value for one with potentially increasing value.

 

[Sugar]

.

 

[The M.I.C.]

I’m sure he worked out the math behind the move, but I’ll never agree with giving up 100% of intellectual property.

He might have been in serious need of cash flow.

 

[newworldafro]

I mean I understood it.. he used his catalog as financial bargaining chip but is that a smart move if the company flops??? His music makes passive income generational wealth...

Exactly.

His descendants should be eating well into the 2100s...

Maybe 25% but the whole damn catalog??

 

[The M.I.C.]

His wife is a ridiculous spendthrift.. I’m not really surprised by this.

 

[King Poetic]

Good for him I guess

I’m not in the board room with him