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Latest to cash in
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12-25-2021 01:15 PM
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Big fan of ZZ Top, here. KKR, not so much. Any details?
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The deal for Billy Gibbons signature V must already be secretly inked.
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And in related news Gibson announces the production of a new archtop in Billy Gibbon’s honor:
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For those wondering Why the Fuss: › watch
Top that!
Good headphones recommended.
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I like ZZ Top. 50 million seems low to me.
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Originally Posted by MarkRhodes
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I suppose the price depends on whether the investors think the music will outlive its generation.
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After all, they all are/were 70+ yo. I wonder if Dusty's family will get anything.
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We'll see if it's got Legs.
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Originally Posted by A. Kingstone
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Originally Posted by MarkRhodes
I guess $50 million would cover that, especially since it only costs $10 to get into the door at La Grange. Well, with inflation, maybe $40-50 now.
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Looking at the ZZ Top catalog’s performance, Billboard estimates that the ZZ Top recorded masters catalog has averaged annually about $4.481 million in revenue over the last four years; and consequently, the band’s royalties from that are about $1.568 million. At a 20 times multiple that comes out to about $31.37 million valuation. Meanwhile, Billboardestimates that the band’s publishing comes out to about $1.262 million annually and the band’s share of that is about $950,000, which at a 25 times multiple would give that income stream a valuation of about $23.65 million. Overall, Billboard estimates the deal carries about a $55 million valuation.
from the band’s standpoint it converts what would be ordinary income taxable at a max rate of 37% to a LT capital gain taxable at 23.8%
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Originally Posted by BWV
Replacement rosewood bridge base for 1977 Gibson...
Today, 02:39 PM in Guitar, Amps & Gizmos