Sia sold half of her music catalogue for $180M

[TaylorSwift 164,249]

The star closed the deal with Pophouse, the Swedish music catalog investment firm co-founded by Abba’s Björn Ulvaeus, and will be collaborating with the firm to launch an immersive digital avatar production based around her music. An official announcement is expected imminently.

The singer-songwriter’s plans to crossover into the digital realm will include a show incorporating her songs as an artist and as a writer, according to a source familiar with the deal, and utilize her vocals on global hits like Rihanna’s “Diamonds,” which has reached more than 2 billion Spotify streams. The show’s debut is at least a couple years out, adds the source, and may tour to select cities, though it’s still in the early stages of planning.

Pophouse’s stake in Sia’s catalog is limited to publishing and master recording rights, and does not include name and likeness. An insider estimates Sia’s songs bring in $18 million annually in writing and performance royalties. In delivering all of her top hits using her vocals and new versions of her songs, it’s poised to be a highly lucrative move for both Pophouse and Sia, who boasts some of the most impressive streaming numbers in the music industry.

https://www.rollingstone.com/music/music-news/sia-sells-50-percent-catalogue-180-million-1235635118/

Edited 6 minutes ago by TaylorSwift

[River 129,244]

The other half is stashed in Beyonce's basement 

[Pablo 8,719]

I'm guessing she sold everything from 2010 and on?

[Duella Dvil 12,256]

I loved her work pre1000FOF TIA onward makes me SICK

[LG10 14,188]

37 minutes ago, Pablo said:

I'm guessing she sold everything from 2010 and on?

i think its the other way around. 

also divorce and her ex husband sucks

[Hadrian 2,813]

News like this always depresses me as a musician. 

thank GOD my music isn't worth anything! 

[Pablo 8,719]

17 minutes ago, LG10 said:

i think its the other way around. 

also divorce and her ex husband sucks

What value does her albums before 1000 forms of fear have? No shade to those ones, I mean commercial value

[salty like sodium 2,269]

4 hours ago, Pablo said:

I'm guessing she sold everything from 2010 and on?

no, she sold 50% of everything. imagine her catalog is a company and she owned like 20% shares (as an example). now she owns 10% shares.

[MarvinGa 1,332]

Ok but did you read the full story?

Sia has sold a 50 percent stake in her music catalog for a whopping $180 million, Rolling Stone has confirmed. News of the sale was first reported by TMZ. The star closed the deal with Pophouse, the Swedish music catalog investment firm co-founded by Abba’s Björn Ulvaeus, and will be collaborating with the firm to launch an immersive digital avatar production based around her music. An official announcement is expected imminently.

@rollingstone 

so she basically sold her catalogue to invest in avatar-performance and she won’t even perform live 

[Helxig 45,813]

IT seems like she's probably going to cash it out so she can take a step back from fame and just live off it forever. But she'll probably have some big come back in 10 years stating she 'couldn't be away from the music'

[South Blonde 6,383]

Sometimes I wonder how much Gaga's catalogue is worth

[showmeyourfeet 391]

And here I am literally wondering how to pay my 700€ rent and some loans