Current:Home > MarketsTradeEdge-'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports -Excel Wealth Summit
TradeEdge-'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
Fastexy Exchange View
Date:2025-04-11 00:33:29
Some things aren't "Forever" for legendary rock band KISS after the quartet announced they sold their catalog,TradeEdge 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! (8)
Related
- Behind on your annual reading goal? Books under 200 pages to read before 2024 ends
- Arkansas ends fiscal year with $698 million surplus, finance office says
- Wisconsin Supreme Court to consider whether 175-year-old law bans abortion
- Gracie Abrams Reveals Travis Kelce’s Fearless Words Before Appearing on Stage With Taylor Swift
- Charges tied to China weigh on GM in Q4, but profit and revenue top expectations
- Massive makos, Queen Bosses and a baby angel shark on Discovery ‘Shark Week,’ where women shine
- Those viral 'Love Island' cast photos, Kylie Jenner and when cosmetic treatments age you
- What happened in the Karen Read case? Timeline of key moments in John O'Keefe murder trial
- Person accused of accosting Rep. Nancy Mace at Capitol pleads not guilty to assault charge
- Black farmers’ association calls for Tractor Supply CEO’s resignation after company cuts DEI efforts
Ranking
- The 401(k) millionaires club keeps growing. We'll tell you how to join.
- Hurricane Beryl leaves trail of devastation in southeast Caribbean islands: The situation is grim
- Eva Amurri, daughter of Susan Sarandon, blasts online criticism of her wedding dress
- Northern California wildfire spreads, with more hot weather expected. Thousands evacuate
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Tigers broadcaster Craig Monroe being investigated for alleged criminal sexual conduct
- Tesla sales fall for second straight quarter despite price cuts, but decline not as bad as expected
- North Carolina Medicaid managed care extended further starting this week
Recommendation
Are Instagram, Facebook and WhatsApp down? Meta says most issues resolved after outages
Ailing Spirit Airlines drops some junk fees in hopes of drawing travelers
New Mexico denies film incentive application on ‘Rust’ movie after fatal shooting by Alec Baldwin
Hurricane Beryl leaves trail of devastation in southeast Caribbean islands: The situation is grim
Opinion: Gianni Infantino, FIFA sell souls and 2034 World Cup for Saudi Arabia's billions
Mississippi erases some restrictions on absentee voting help for people with disabilities
Biden fixes 161-year-old oversight, awards Medal of Honor to 2 Civil War soldiers
Stampede at religious event in India kills more than 100, mostly women and children