“NEVER SELL YOUR PUBLISHING NOR WRITER’S SHARE!!”HOW THE SACROSANCT IS NO MORE.
Not too long ago it was considered blasphemy for songwriters like Bob Dylan, Paul Simon, Stevie Nicks, Shakira, Neil Young and Bruce Springsteen to even consider selling their publishing and writer’s share.
Now, for a variety of reasons, that line-in-the-sand has been increasingly erased as stars like these and other songwriters and composers have been making deals to part with their publishing and writer’s share.
This applies to mind boggling mega deals made with superstars as well as more-down-to-Earth sales of these assets by less starry songwriters and score composers.
Nowadays, these assets are increasingly being viewed as non-sacred assets, along the line of real estate, to be put out and sold in the marketplace.
WHEN DO YOU SELL?
Do you part with your publishing and/or writer’s share at the offset to gain more upfront fees?
Do you hold out and acquire enough of a catalogue to sell it a few years later with the intention of creating more new works to be sold at a later date?
Do you sell when you think there are potentially better investments to be made with those earning than in the publishing/writer’s share business?
Do you wait for years hoping the value of these assets increase greatly over time?
Do you never sell these things and pass these assets onto your estate when you pass?
100 DIFFERENT SITUATIONS / 100 DIFFERENT CHOICES
Like when viewing the sale of any asset, whether it be a home, a car or stocks and bonds, it is all a gamble… a risk of current value vs. projected future worth. It is a gamble based on timing, desire for cash, personal financial needs, estate planning, tax issues, etc.
The devil is often in the details. How much money for what assets for which person under what circumstance for what objectives?
There is no set answer.
WHAT ARE YOUR THOUGHTS?