https://twitter.com/TMZ/status/1676665867747115008
only if he sold the throw away mess
dilemma, hot in here, grillz, flap your wings, ride wit me, and country grammar better be PERCHED in his possession mess
I mean.....I get it for HIM
this is great for him
Quote from: ivorian oph on July 05, 2023, 04:15:59 PMonly if he sold the throw away mess
dilemma, hot in here, grillz, flap your wings, ride wit me, and country grammar better be PERCHED in his possession mess
Quotewhich is forking over the dough to lock up some of his best-known songs ... such as, "Ride Wit Me," "Dilemma" and of course, "Hot in Herre." Obviously they're getting more than just that ... but those tracks are, by and large, the ones Nelly's perhaps best-known for.
Doesn't look like it
This is kinda a book, I wonder what kind of income those songs are generating vs. the payout
Quote from: Nine on July 05, 2023, 04:47:28 PMQuote from: ivorian oph on July 05, 2023, 04:15:59 PMonly if he sold the throw away mess
dilemma, hot in here, grillz, flap your wings, ride wit me, and country grammar better be PERCHED in his possession mess
Quotewhich is forking over the dough to lock up some of his best-known songs ... such as, "Ride Wit Me," "Dilemma" and of course, "Hot in Herre." Obviously they're getting more than just that ... but those tracks are, by and large, the ones Nelly's perhaps best-known for.
Doesn't look like it
this DUMB mf.
i don't understand why these artists aren't studying the model of companies that do this and implementing that model for their own music to generate that residual income for THEMSELVES
these companies ain't paying 50 mill for the mess if they aren't confident that they're going to get a NICE return on their investment. idk maybe i'm missing sumn
i think it could be a wise idea to sell an aging catalog - especially for pop-ish music that he did
the 50 mil he got is guaranteed but there's no guarantee on a specific amount of revenue generating from the music 10-20 years from now
if he invests the money wisely in something that's more likely to give a good return he's good
50 mil a bit low for him tbh. I'm sure his catalog worth much more than that.
Quote from: Lazarus on July 05, 2023, 05:50:59 PM50 mil a bit low for him tbh. I'm sure his catalog worth much more than that.
im sure he has someone working on his behalf to make sure the valuation was more than fair
If he sold for 50 mill it's probably worth 50 million , or he coulda actually a great deal if it was valued at 48 and he has a great team that made them round it up to 50 lol
its kinda like selling a home. a home could "look" like its worth 2 million to people unfamiliar with the process and all contributing factors to value, but once a professional assessment is performed and all contributing factors to value are considered, its actual/true value is 750K.
Selling your catalog actually makes sense today versus when physical sales were dominating. Most artists don't really see much of a profit from streams so this $50M sounds like way more than what he would've profited from the songs moving forward. The most important thing is to OWN your catalog to be able to make the decision to keep or sell at some point.
Quote from: Big Barbie on July 05, 2023, 07:06:18 PMSelling your catalog actually makes sense today versus when physical sales were dominating. Most artists don't really see much of a profit from streams so this $50M sounds like way more than what he would've profited from the songs moving forward. The most important thing is to OWN your catalog to be able to make the decision to keep or sell at some point.
very true. just being able to make that decision of whether to hold it or an informed decision to sell it is where the power is.
Quote from: Lazarus on July 05, 2023, 05:50:59 PM50 mil a bit low for him tbh. I'm sure his catalog worth much more than that.
It does seem low if it is his masters. The article makes it seem that he sold 50% of his masters but if it's his stake in his publishing then the figure would be determined on the percentage he owns of his songs.
A number of artists are selling their catalogs, like justin Bieber sold his for $200 million, MJ's estate wants to sell half of MJ's catalog for $900 million.... Seems like the forecast for these catalogs is that they won't earn so much in the future, but then again why are these companies investing in these catalogs if their future returns look bleak, that's the question
Quote from: The definition on July 06, 2023, 04:27:36 AMA number of artists are selling their catalogs, like justin Bieber sold his for $200 million, MJ's estate wants to sell half of MJ's catalog for $900 million.... Seems like the forecast for these catalogs is that they won't earn so much in the future, but then again why are these companies investing in these catalogs if their future returns look bleak, that's the question
!!!!!!
that's what i'm saying. these companies wouldn't be dropping all this money on these catalogues if they didn't see VALUE in them. thats why i'm saying these artists need to study the model and start earning this income for THEMSELVES. the big instant one-time payout my be nice, but a STREAM of income is way better imo. these songs gon be around even after they die. keeping their catalogue mess and monetizing it could set their children's children up for life.
Quote from: The definition on July 06, 2023, 04:27:36 AMA number of artists are selling their catalogs, like justin Bieber sold his for $200 million, MJ's estate wants to sell half of MJ's catalog for $900 million.... Seems like the forecast for these catalogs is that they won't earn so much in the future, but then again why are these companies investing in these catalogs if their future returns look bleak, that's the question
i wouldn't say future returns look "bleak" cuz it that were the case no one would touch the catalogs at all
The artist is most likely just able to find a company that wouldn't mind having their catalog in their back pocket
Nelly has songs that I'd say have a lot of potential to be licensed for ads/marketing etc and other creative ways I'm sure a company could find use for it
Ultimately I'd say it's about selling the catalog while you can still make a very cute coin - selling at 50 million in 2023 instead of waiting until 2040 when its still sellable - but the value may have dropped to 35 million
I'm super confident there's a lot of strategy behind these decisions - on both sides
Quote from: ivorian oph on July 05, 2023, 05:14:55 PMQuote from: Nine on July 05, 2023, 04:47:28 PMQuote from: ivorian oph on July 05, 2023, 04:15:59 PMonly if he sold the throw away mess
dilemma, hot in here, grillz, flap your wings, ride wit me, and country grammar better be PERCHED in his possession mess
Quotewhich is forking over the dough to lock up some of his best-known songs ... such as, "Ride Wit Me," "Dilemma" and of course, "Hot in Herre." Obviously they're getting more than just that ... but those tracks are, by and large, the ones Nelly's perhaps best-known for.
Doesn't look like it
this DUMB mf.
i don't understand why these artists aren't studying the model of companies that do this and implementing that model for their own music to generate that residual income for THEMSELVES
these companies ain't paying 50 mill for the mess if they aren't confident that they're going to get a NICE return on their investment. idk maybe i'm missing sumn
n
There could be a multitude of reasons for him selling honestly
One very possible reason being he needed the more immediate cash
U never know. Yeah these celebs have made good money but with that money and status comes a certain lifestyle they have now become accustomed to
One that may be a bit more difficult to maintain once their star starts to dim a bit
Especially hip hop artists where it's all about the diamond chains and fast cars.
I just went to his Insta and he's def still rockin those diamond chains and smilin to show off his diamond grills . Vvvvv so he's still tryna live that life and/or push that image.
Selling may have been the smartest thing for him to do at this time . I'm sure he had good reason
And I def hope he puts the money to good use . Save and / or wisely invest it. Not spending 20 million of it on some rare exotic car . Bvvvvvv
That's whats most important at this point IMO. I'm sure he'll do the right thing
i just did a little research and it appears my guess about him needing the immediate cash could be very likely
he was hit with a lien from the IRS in 2016 for a couple million
https://www.forbes.com/sites/robertwood/2016/09/12/irs-slaps-nelly-with-2-4m-tax-lien/?sh=62f637467851
he also purchased a mansion and paid 2.5 million for it in 2002, but it only sold for 600K in 2021
a huge loss for him.
https://www.realtor.com/news/celebrity-real-estate/nelly-run-down-missouri-mansion-sells/
it looks like he hasn't been making the best decisions or had a lot of good financial guidance in the past . i really hope he is super careful with this 50 million. if this is a lifeline he's cashing in on it may be one of the last available to him.
at least he did right by making sure he owned his music.
Quote from: ᴴᴼᵀᴾᴵᴺᴷ on July 06, 2023, 08:15:51 AMQuote from: ivorian oph on July 05, 2023, 05:14:55 PMQuote from: Nine on July 05, 2023, 04:47:28 PMQuote from: ivorian oph on July 05, 2023, 04:15:59 PMonly if he sold the throw away mess
dilemma, hot in here, grillz, flap your wings, ride wit me, and country grammar better be PERCHED in his possession mess
Quotewhich is forking over the dough to lock up some of his best-known songs ... such as, "Ride Wit Me," "Dilemma" and of course, "Hot in Herre." Obviously they're getting more than just that ... but those tracks are, by and large, the ones Nelly's perhaps best-known for.
Doesn't look like it
this DUMB mf.
i don't understand why these artists aren't studying the model of companies that do this and implementing that model for their own music to generate that residual income for THEMSELVES
these companies ain't paying 50 mill for the mess if they aren't confident that they're going to get a NICE return on their investment. idk maybe i'm missing sumn
n
fuck off
:disgusted: