Current:Home > Stocks'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports -Quantum Capital Pro
'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
View
Date:2025-04-14 03:08:05
Some things aren't "Forever" for legendary rock band KISS after the quartet announced they sold their catalog, brand name and IP.
The 2014 Rock and Roll Hall of Fame inductees did the deal with Swedish company Pophouse Entertainment Group. The company, founded by Swedish music executive Per Urban Sundin, paid the band $300 million for the acquisition, Bloomberg reported.
"Pophouse, the pioneering global entertainment and music investment firm, announces the acquisition of the music catalogue, brand name and likeness - including the world- famous face paint designs – as well as trademarks of the iconic American rock band KISS," the Stockholm-based company said in a news release.
What does Pophouse plan on doing with KISS's catalog, likeness?
Pophouse called the deal a "groundbreaking partnership" that will allow the private entertainment company to "further develop and amplify the unique KISS legacy worldwide," including "preserving their iconic music, enigmatic personas, and expressive imagery for generations to come."
The company is planning a biopic, an avatar show and a KISS-themed experience, according to the release. The band will "play key roles in the development of the projects" and work alongside Pophouse, the company added.
“We have always been breaking new ground in popular culture, and this partnership will ensure that we continue to do so for years to come," Gene Simmons, bassist and co-founder of KISS, said in the release. "Because what Pophouse is doing, is breaking rules... The future could not be more exciting!”
Pophouse deal comes after KISS bids farewell to live touring
The deal comes after KISS bid farewell to live touring in December 2023 after their final show in Madison Square Garden.
"This … is the end of the road," Paul Stanley, co-founder, frontman and co-lead vocalist for KISS, said during the final show in New York. "It seems sad, but tonight is a night to celebrate what we did together. And we couldn’t have done it without you."
Before curtains closed on the band's final show, a message appeared on the video screens in the arena, it read "A new KISS era starts now." Immediately after the message, the band's digital avatars popped up on the monitors and began playing "God Gave Rock and Roll To You."
KISS's final live show in New York set the stage for the deal with Pophouse
Unbeknownst to KISS fans, the digital avatars are a project with Pophouse that was previewed at the band's final show, according to the company's release.
"Through a magical combination of cutting-edge technology and unrivaled creativity, Pophouse will bring the full, authentic KISS experience to both existing and new fans for years to come," the company said.
The avatar show is planned to launch in 2027, according to Pophouse.
"Our journey with Pophouse is fueled by the desire to eternally resonate across diverse facets of global culture," Stanley said in the release. "As we embark on this venture, we aim to weave our legacy into the tapestry of different worlds, ensuring that the KISS experience continues to captivate both our devoted fans and those yet to discover the thrill. This partnership is not just a chapter; it’s an eternal symphony of rock ‘n’ roll immortality."
The only other music catalog acquisition/partnership Pophouse has with an artist outside of Sweden is Cyndi Lauper's, which the “Girls Just Want to Have Fun” singer sold in February, according to the company.
veryGood! (8532)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Australia will crack down on illegal vape sales in a bid to reduce teen use
- An Energy Transition Needs Lots of Power Lines. This 1970s Minnesota Farmers’ Uprising Tried to Block One. What Can it Teach Us?
- Brittany goes to 'Couples Therapy;' Plus, why Hollywood might strike
- Taylor Swift makes surprise visit to Kansas City children’s hospital
- Warming Trends: Carbon-Neutral Concrete, Climate-Altered Menus and Olympic Skiing in Vanuatu
- JPMorgan Chase buys troubled First Republic Bank after U.S. government takeover
- ‘Last Gasp for Coal’ Saw Illinois Plants Crank up Emission-Spewing Production Last Year
- Pregnant Kylie Kelce Shares Hilarious Question Her Daughter Asked Jason Kelce Amid Rising Fame
- In An Unusual Step, a Top Medical Journal Weighs in on Climate Change
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- With Biden in Europe Promising to Expedite U.S. LNG Exports, Environmentalists on the Gulf Coast Say, Not So Fast
- Everything We Know About the It Ends With Us Movie So Far
- Lindsay Lohan's Totally Grool Road to Motherhood
- Skins Game to make return to Thanksgiving week with a modern look
- Financier buys Jeffrey Epstein's private islands, with plans to create a resort
- Madewell’s Big Summer Sale: Get 60% Off Dresses, Tops, Heels, Skirts & More
- Why Bachelor Nation's Tayshia Adams Has Become More Private Since Her Split With Zac Clark
Recommendation
Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
New York Is Facing a Pandemic-Fueled Home Energy Crisis, With No End in Sight
Misery Wrought by Hurricane Ian Focuses Attention on Climate Records of Florida Candidates for Governor
Kyle Richards and Mauricio Umansky Address “Untrue” Divorce Rumors
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Has JPMorgan Chase grown too large? A former White House economic adviser weighs in
Fossil Fuels Aren’t Just Harming the Planet. They’re Making Us Sick
A chapter ends for this historic Asian American bookstore, but its story continues