6 ms·

He just sold a 50% interest in his catalog for an estimated $150m. https://www.cnn.com/2021/01/06/business/neil-young-rights-deal-scli-intl-gbr/index.html http

• bdowling 5y ago
  The buyer may have a claim against him for spoiling the value of their purchase.
  • gpm 5y ago
    Seems unlikely to me, this plausibly increases the value more than it decreases the value. A ton of press, driving people to support him, driving direct sales (e.g. https://neilyoungarchives.com/account?screen=plans https://neilyoungarchives.com/account?screen=plans). Increases the potential audience from "people who like his music" to "people who dislike Joe Rogan (or like his music)". Etc. It could turn out poorly for him, but even from a purely business perspective it's not an obviously bad decision.
    • bdowling 5y ago
      > Young, 76, said Spotify accounted for 60% of the streaming of his music to listeners around the world. The removal is "a huge loss for my record company to absorb," he said. So, at least according to Young, the move is "a huge loss".