The Jazz Guitar Chord Dictionary
Reply to Thread Bookmark Thread
Posts 1 to 15 of 15
  1. #1

    User Info Menu

    Latest to cash in

  2.  

    The Jazz Guitar Chord Dictionary
     
  3. #2

    User Info Menu

    Big fan of ZZ Top, here. KKR, not so much. Any details?

  4. #3

    User Info Menu


  5. #4

    User Info Menu

    The deal for Billy Gibbons signature V must already be secretly inked.

  6. #5

    User Info Menu

    And in related news Gibson announces the production of a new archtop in Billy Gibbon’s honor:

    ZZ Top sells catalog to KKR for  million-8aa6774c-a678-4d7c-8f18-11f7773dd29c-jpeg

  7. #6

    User Info Menu

    For those wondering Why the Fuss:
    › watch

    Top that!

    Good headphones recommended.

  8. #7

    User Info Menu

    I like ZZ Top. 50 million seems low to me.

  9. #8

    User Info Menu

    Quote Originally Posted by MarkRhodes
    I like ZZ Top. 50 million seems low to me.
    that was my first reaction as well.

  10. #9

    User Info Menu

    I suppose the price depends on whether the investors think the music will outlive its generation.

  11. #10

    User Info Menu

    After all, they all are/were 70+ yo. I wonder if Dusty's family will get anything.

  12. #11

    User Info Menu

    We'll see if it's got Legs.

  13. #12

    User Info Menu

    Quote Originally Posted by A. Kingstone
    We'll see if it's got Legs.
    Billy went to the lawyers as .... a sharp dressed man.

  14. #13

    User Info Menu

    Quote Originally Posted by MarkRhodes
    I like ZZ Top. 50 million seems low to me.
    Sounds like they weren't asking for much, just to be taken downtown and go lookin' for some tush.

    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.

  15. #14

    User Info Menu

    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.
    ZZ Top Sells Catalog to BMG and KKR - Latest News Post

    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%

  16. #15

    User Info Menu

    Quote Originally Posted by BWV
    ZZ Top Sells Catalog to BMG and KKR - Latest News Post

    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%
    And that ain't hay!