KISS Sells Band's Catalog, IP In Estimated $300 Million Deal

[TTL News 308]

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It’s never really the end of the road for Kiss. The hard rock quartet have sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million, it was announced Thursday.

This isn’t the first time Kiss has partnered with Pophouse, which was co-founded by ABBA’s Björn Ulvaeus. When the band’s current lineup — founders Paul Stanley and Gene Simmons as well as guitarist Tommy Thayer and drummer Eric Singer — took the stage at the final night of their farewell tour in December at New York City’s famed Madison Square Garden, they ended by revealing digitized avatars of themselves. 

The cutting-edge technology was created by George Lucas’ special-effects company, Industrial Light & Magic, in partnership with Pophouse. The two companies recently teamed up for the “ABBA Voyage” show in London, in which fans could attend a full concert by the Swedish band in their heyday, as performed by their own digital avatars.

 

Read more about it here.

[TTL News 308]

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“There’s not gonna be another Beatles, Hendrix, or KISS because there’s no longer a record industry. There’s only chaos.”

"The next 15 year old kid who plugs into his Marshall amplifier won’t be able to make a living because record companies don’t pay advances, royalties or promotion anymore.”

“It’s the freckle face kid who feels he or she is entitled to steal music without paying for it. Because in their logic you don’t need money because you’re rich being a musician. That’s the problem with downloading and the internet. Now everything is for free.”

“From 1958 - 1988 you can name at least 100 bands or artists that became iconic. Everyone from The Beatles, to Elvis Presley, to The Rolling Stones, and many more. From 1988 until today you won’t be able to name one iconic band. And don’t tell me Nirvana. They had two albums and were done.”

“The nail has been put into the coffin of Rock And Roll.”

 

Gene Simmons  in his interview with Dan Rather on AXS-TV in 2021

[Chris 2,168]

Gene would slap a KISS logo on his loved ones and sell them if he could.