Richie Sambora!!!

In no way has Orianthi that much money. I don't trust these figures. That would be the same amount as Alice Cooper has. If I would have to take a guess she has in the best case a few million.
At 26:45 Richie confirms more or less confirms that he has 65 million. Where should all that money have gone in 8 years. I can't get why he would need to sell his catalog.

Yes, of course she is not worth 50M. I meant it as a super clear example on how full of shit those sites are

She probably received some money from her pop album back in the day and while Alice pays well, it's still just a pay check and most likely in the ball park of thousands rather than tens of thousands a month. All that money is long gone, most likely.

Rather than 50M, I would guess she is broke.

Back to the topic of Richie - Being a long time fan of Alice one thing I have learned is, that the stars say whatever suits the mood of the interview. I put about 0.0001 weight on what Richie said about his wealth. I know the culture here is different and people like to nitpick what Richie or Jon said in 1993 and compare it to a lilttle slip by Tico in 2018; and try to figure out what really really went on. Bollocks, I say.

Anything and everything said to media is marketing and PR. It IS show business and everything is part of the show.

I don't think Richie is broke, however to maintain the style of lifestyle that he is accustomed to is not cheap. He doesn't really have any income at the moment, apart from Bon Jovi royalties which, as other has pointed, will have significantly decreased over the recent years thanks to streaming. He will have an accountant that will keep an eye on these things and I expect that he's been advised that he needs some form of cash influx and this was a no brainer as realistically, it sound like this may make him more in one go than his royalties would in the rest of his lifetime. As he gets older I expect that he is also thinking about having something significant to pass on to Ava when the time comes, rather than just draining away his existing cash pot on his lifestyle.

Instead of looking at this in a negative way, maybe it means he can use some of that money to fund the next solo album that he is currently working on! No doubt he blew a lot of money on the RSO project, that i doubt he made back, so something is probably needed in that respect.

I agree with everything here. He's getting up there in age and as the bands legacy decreases it was a good move for money. I'd say I hope whatever they do with the songs doesn't cheapen the band but the band is ruining their own legacy so screw it.

So this may be good, but ... do you think Jon knows this? do you think he has bothered?

I'm sure he will have heard/been informed, but I doubt he'll care as nothing will get approved for use with the joint songs without his say-so anyway.

A lot of people seem to think either Richie sold himself down the river for a much-needed cash influx or that it's some kind of FU to Jon. There was a lot of noise on Twitter from people who are sure that it's an indication that Richie's done with Bon Jovi and that Jon will be royally pissed off by it because he'll now have to pay "big bucks" to perform those songs. But I think they're looking for drama where none exists. If I'm not mistaken, Jon's situation hasn't changed in any way because of Richie's decision. I'm pretty sure he doesn't have pay to perform songs he owns or co-owns anyway; and the share of any rights or control he's had over them up to now can't be changed without his agreement, regardless of what RIchie or any other co-writers decide to do with their shares.

It may not have anything to do with his current financial situation, either. It's entirely possible Riche just wanted out from under all the administrivia and decided it was time to turn his catalog over to someone else to manage. And probably make a healthy profit by doing so.

According to Eric Beall (former Vice President, Creative at Sony/ATV Music and current A&R executive for Shapiro Bernstein, Music Publishing), the music accounting landscape is apt to change dramatically in 2021; even more than it has over the past few years.

https://www.hypebot.com/hypebot/2019...ation-act.html

And in February, Forbes published a list of 10 reasons why songwriters may want to consider selling their copyrights.

https://www.forbes.com/sites/petercs.../#648d0811133a

Like QUceK1WV8it, I think Richie has enough sense to get advice on a decision of this magnitude and investigate all the angles, especially knowing it's also Ava's future he's monkeying around with. As I said earlier, there's no way of knowing the details of the agreement, but contracts can be negotiated down to the nth degree. Richie could have gotten a massive up-front amount, plus a continued stream of royalty revenue, and/or shares in the company, or any number of things that would make this a smart business move.

Desmond once said in an interview that in the previous year LOAP had been streamed over half a billion times but his third of the royalties only netted $6000. Over a 6-month period last year, Mercuriadis paid $153 million for 12 songwriter catalogs, which averages out to be around $13 million per writer. And most of them were ppl I'd never heard of. I can't even imagine what he must have paid for a catalog that includes as many mega-hits as Richie's does. Plus, Richie's solo stuff is included in the package, and we know none of those did that well commercially. As part of a lump sum that includes his BJ hits, he's almost sure to be receiving more for those songs than he would ever get for them individually. Merck's list of songs and catalogs is impressive. IIRC, he owns Journey's entire catalog. So apparently Richie isn't the only one who thinks it's a good deal.

Jackie, thanks for this post. One loony on twitter keeps tweeting her sh*t all over the place, and I'm sick and tired of people like her. Spreading panic and presenting Richie in a VERY bad light. I've realised really quickly that this decision might be a bold but good one from a biz standpoint and Jon won't be affected that much, if in any way.

Really? What is the name of that loony? curiosity

Somebody calling themselves Wildflower.