The deal between KISS and Pophouse Entertainment is estimated to be $300 million.
At the end of last year, the legendary band KISS performed their final concert after forming in 1973. The glam rock band had a handful of farewell tours over the years, but with original members Gene Simmons and Paul Stanely being in their 70s, fans were pretty sure this really would be their final bow. In December, the band announced that they would live on as digital avatars.
"The record companies, the three big ones that are left, they're doing a fantastic job, but they have so many catalogs and they can't focus on everything," Sundin shared."We work together with Universal and KISS, even though we will own the artists rights, and we're doing it in conjunction with KISS. But yes, we bought all rights, and that's not something I've seen that clear before.
"Collaboration is exactly what it's about. It would be remiss in our inferred fiduciary duty – see what I just did there? – to the thing that we created to abandon it," he continued."People might misunderstand and think, 'OK, now Pophouse is doing that stuff and we're just in Beverly Hills twiddling our thumbs.' No, that's not true. We're in the trenches with them. We talk all the time. We share ideas. It's a collaboration.
Paul Stanley Gene Simmons Kiss Pophouse Entertainment Kiss Digital Avatars Kiss Sale Kiss Retired Kiss Tickets Kiss Farewell Tour
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KISS Sells Music Catalog To Firm Co-Founded By Swedish Billionaire And ABBA’s BjornI am a Breaking News Reporter at Forbes, with a focus on covering important tech policy and business news. Graduated from Columbia University with an MA in Business and Economics Journalism in 2019. Worked as a journalist in New Delhi, India from 2014 to 2018.
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