K.K. Downing's share of JP royalties sold off

[Jbird]

http://www.blabbermouth.net/news/k-...-priest-catalog-acquired-by-round-hill-music/



Now how is he going to make any money? I guess if his golf course sells, he'd have a few million £, but still...

 

[bsman]

Now how is he going to make any money?

 

[Jbird]

I imagine KK Downing would have a Rietze flying v acoustic with an amp & speaker hot-glued into it.

 

[Honkridge]

Sad that he had to sell his catalog but I ain't worried for him. He's got plenty.

 

[VoidTerraFirma]

Sell me a couple of those Hamer Vectors, KK!

 

[Jbird]

Sell me a couple of those Hamer Vectors, KK!

Maybe he has a korina one, for Mark

 

[VoidTerraFirma]

Maybe he has a korina one, for Mark

I’m prepared to outbid Mr @Mark Wein .

 

[Scott Powell]

I really hate this. It's one thing to piss your money away on cars women and drugs but it looks like he did everything right,but sometimes things just dont work outout

 

[vonbladet]

I really hate this. It's one thing to piss your money away on cars women and drugs but it looks like he did everything right, but sometimes things just don't work out

He put all(?) his money in a big corporate hospitality basket. Not sure Duff McKagan, financial adviser, would endorse a portfolio with so little diversity; I know for a fact I wouldn't.

 

[Deep Eddy]

I wonder why he did not go with a securitization of his royalty stream in the way Bowie (Bowie issued bonds based on his royalty stream) and other artists have in the past? Perhaps the fact he was dealing with a bankruptcy limited his options.

https://jolt.law.harvard.edu/digest/royalty-securitization

 

[Dudeman1967]

Looks like one of the metal gods is a victim of changes. :(

 

[bsman]

Oh well - we're all gonna be in the same basket next year when OPEC and China decide that they will no longer accept dollars but require bitcoin for payment...

 

[OGG]

He's probably got another thing comin'.