Rumor Alert: Jay Z & Roc Nation Buy Tupac's Entire Catalog For $384Mill
'The purchase of Tupac’s album catalog is a monumental move in the music industry as Tupac is one of the highest selling Hip-Hop artists of our time. The purchase cost Jay-Z and Roc Nation $384 Million, giving Jay-Z rights to release all of the music that Tupac had created and release. The deal also gives Jay-Z exclusive rights to any music that is released which would feature any of Tupac’s songs or lyrics. “This is a phenomenal event for Roc Nation. We’ve purchased one of Hip-Hop’s greatest icon’s music which would make us one of the largest record labels in the world. We will forever be relevant in the music industry now that we own Tupac’s music,” according to Joseph Borrino.'
I really fail to see how the catalog could be worth that much. Maybe there's some sort of an exaggeration involved in the figures or it covers a whole lot more than just Tupac's music.
Back catalogs of HUGE famous artists don't sell more than "just" 1-2 million per year. That's what MJ sells. Are they expecting to get profit from that music for the next 500 years or something?
Most people go to streaming services for older music these days anyway. I haven't bought a "midprice" CD in over ten years myself. It's all out there on Spotify, Youtube etc.
I really fail to see how the catalog could be worth that much. Maybe there's some sort of an exaggeration involved in the figures or it covers a whole lot more than just Tupac's music.
Back catalogs of HUGE famous artists don't sell more than "just" 1-2 million per year. That's what MJ sells. Are they expecting to get profit from that music for the next 500 years or something?
Most people go to streaming services for older music these days anyway. I haven't bought a "midprice" CD in over ten years myself. It's all out there on Spotify, Youtube etc.
I guess I support the artist that I love. How else are they going 2 continue to make music?
I really fail to see how the catalog could be worth that much. Maybe there's some sort of an exaggeration involved in the figures or it covers a whole lot more than just Tupac's music.
Back catalogs of HUGE famous artists don't sell more than "just" 1-2 million per year. That's what MJ sells. Are they expecting to get profit from that music for the next 500 years or something?
Most people go to streaming services for older music these days anyway. I haven't bought a "midprice" CD in over ten years myself. It's all out there on Spotify, Youtube etc.
I guess I support the artist that I love. How else are they going 2 continue to make music?
One option is to go to gigs and buy merchandise. I also recommend buying downloads directly from the artist and skipping iTunes type of services if possible.
I doubt the artists are seeing much these days from the sales of midprice CDs. Those are mostly old stocks the chains are selling.
I used to have the type of a "I must get everything by Marvin Gaye, Curtis Mayfield etc." mindset, but especially with artists that are already dead they're not going to see the money anyway. Then there are cases like P-Funk where the money from the old records isn't going to George or the other band member anyway.
I haven't bought a "midprice" CD in over ten years myself.
Why not?
novabrkr said:
It's all out there on Spotify, Youtube etc.
Oh.
To be honest, I don't like playing CDs with CD-ROM drives, DVD players that are really slow to operate, leave gaps between tracks when playing suite-like album and so on. There aren't even reasonably priced standalone CD players around anymore.
Often I just leave my CDs on the shelf and listen to the same record online. I've bought enough records by the old timers to be able to say that I've "supported them" over the years. The younger ones often themselves make a large percentage of their music freely available anyway (like Chromeo or Harts - 50-75% of the stuff by the new artists I like is out there and it's been uploaded to the streaming services by the artists themselves).
I guess I support the artist that I love. How else are they going 2 continue to make music?
One option is to go to gigs and buy merchandise. I also recommend buying downloads directly from the artist and skipping iTunes type of services if possible.
I doubt the artists are seeing much these days from the sales of midprice CDs. Those are mostly old stocks the chains are selling.
I used to have the type of a "I must get everything by Marvin Gaye, Curtis Mayfield etc." mindset, but especially with artists that are already dead they're not going to see the money anyway. Then there are cases like P-Funk where the money from the old records isn't going to George or the other band member anyway.
plus,how many times can you re-buy something you already bought? I think it's a safe bet that the majority of Tupac's fans already have all of his recordings.