David Crosby and Bob Dylan both sell their catalogs for retirement money

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311boogieman

311boogieman

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I know this is way off topic but they do both play guitar.

Sad sad state of affairs. I heard about Bob Dylan selling his entire catalog for $300M but now reading the David Crosby is doing something similar. Here:

https://www.ultimate-guitar.com/new...calls_his_reported_net_worth_exaggerated.html
The tl;dr version is that Covid has killed all live work opportunities and Streaming has killed their record royalties so the big retirement they both envisioned has dried up. Here are a few select quotes from David Crosby that I thought were entertaining. He was answering question from fans.


Another fan asked, "What does a 79-year-old do with $300 million." David replied: "I'll send you a list."


Another fan wrote, "You have a very successful career and worked and performed for decades. OK, 2020 has been tough but you’re 79, bro. You're now broke and can't make rent? How does that happen???" Crosby replied: "Streaming does not pay us for records and COVID has shut down all work live... Is that clear enough for you?"

ooouch
 
I guess I'm struggling to feel sorry for someone getting $300M. I don't know what Crosby will get but it could be a tiny fraction of $300M and still be several times what many people have at retirement.

Not that there aren't tons of people to feel sorry for during all this BS, but really old dudes getting hundreds of millions and "forced to retire" just aren't it for me.
 
Another fan wrote, "You have a very successful career and worked and performed for decades. OK, 2020 has been tough but you’re 79, bro. You're now broke and can't make rent? How does that happen???" Crosby replied: "Streaming does not pay us for records and COVID has shut down all work live... Is that clear enough for you?"

I think the fan here is asking a legitimate question. He has worked and toured for decades and has no retirement built up? Sure 2020 has sucked but we're talking 1 year out of 50+ he's been doing this.
 
By the time Darrell and Vince were doing DamagePlan,they were some broke-ass rock stars. Living high on the hog with hangers-on is spendy. They called in a lot of favors to do the European tour.

As for David and Bob,their music catalogs are literally epic. Time to cash out now while they can enjoy it.

(copied from an article I just read) Along with cash, investments and property, musicians and songwriters own recordings and several categories of copyrights, some of which are shared with other artists. This gives families and lawyers many things to fight over. The families of Aretha Franklin, James Brown, Prince, Ric Ocasic, and Tom Petty are among those that ended up in court to sort out the particulars after those artists died. By converting the rights to cash, Dylan smoothed a potential point of friction and may have saved the estate much in the way of legal costs.
 
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Just sad that the catalogs can't be passed to relatives and also sad to see what the artist gets for streaming.
 
Here is the flip side though as I see both sides.

These are huge artists who have provided the world with very popular ever lasting songs, albums, tours, memories, etc. It takes a lot of people and energy to keep things going - not including your family. It is not just one man sitting in a small house crying that he has nothing. Covid affects all right and if you do make music for a living you know how free streaming can affect you. If you know you can't get back out there and you're in your 70's who cares if they sell their songs? That is their blood, sweat equity.

BTW - he didn't come on the news crying about how the world is unfair. He is being asked question supposedly on social media of some kind and some people have no tact.
 
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Who cares the reasons why. Who cares if they planned poorly. How many people here are set for life? Not many. If there is a chance to cash out proper on something you own, I am all or it if that is your decision. Opinions mean nothing because there are always more things going on than the public knows and sees. Those criticizing would most likely be doing the same thing if they were in the same exact position.
 
petee said:
And to think Lars is the dick for trying to protect Metallicas property.
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Lars and James both have 300M a piece already. I say more power to them. It's easy for people to criticize, but, in their case, they have no worries weathering the covid storm. They're set for life. Smart business on their part, for sure.
 
napalmdeath said:
Lars and James both have 300M a piece already. I say more power to them. It's easy for people to criticize, but, in their case, they have no worries weathering the covid storm. They're set for life. Smart business on their part, for sure.
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Thats kind of my point, Lars was trying to protect their property, its a business decision that was very unpopular with a lot of people. Probably why Metallica is still rich, Lars understands there is a business to run and wasn't afraid to try and do something about it. However, now we have starving rock/folk stars everywhere and the streaming/download thing doesn't help the situation. While I doubt Dylan is in financial trouble like Crosby, you'd think these guys would have business agents helping them to stay solvent, at least tell them to stop living outside their meanings.
 
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