Quote:
Originally Posted by semigoodlooking
But is continued revenue on streams enough to invest north of $100 million? I mean, that's a long game isn't it, with Richie only getting a percentage of the revenue, which wouldn't be much from streaming.
|
Yes, these companies are playing the long game. Richie doesn't care about the long game, he's getting older, he has enough from this to make sure Ava is well off. He doesn't need to worry much about working and can still live his lifestyle comfortably. It's a no brainer for him.
The company will make money any time that the song is streamed yes, but also anytime that the songs are played at a sports event, in a bar, by a cover band, played on the radio and yes if it was used in a commercial etc, etc, so there is more to it then just streaming. With the big hits is Richie's catalogue they wuill make their money back, and them some, but it will take a good few years I would imagine.
Quote:
Originally Posted by semigoodlooking
And we know of instances where people contact Jon directly to use a song and he has been yes or no. How does that work with Richie and Child also being songwriters?
|
All 3 songwriters would need to sign off on it. But that's not Richie's concern now, it's whoever he sold it to.