Current:Home > Scams'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports -Wealth Impact Academy
'Eternal symphony of rock': KISS sells catalog to Swedish company for $300 million: Reports
View
Date:2025-04-15 08:25:02
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! (493)
Related
- Sarah J. Maas books explained: How to read 'ACOTAR,' 'Throne of Glass' in order.
- Shot in 1.6 seconds: Video raises questions about how trooper avoided charges in Black man’s death
- Ben Affleck Steps Out Without Wedding Ring as Jennifer Lopez Vacations in Italy
- This week’s televised debate is crucial for Biden and Trump — and for CNN as well
- Military service academies see drop in reported sexual assaults after alarming surge
- Taylor Swift and Travis Kelce Step Out for After-Party in London With Sophie Turner and More
- Sean Penn is 'thrilled' to be single following 3 failed marriages: 'I'm just free'
- Indiana ex-state senator Randy Head elected chair of the state Republican Party by GOP committee
- Paige Bueckers vs. Hannah Hidalgo highlights women's basketball games to watch
- Trump Media rebounds after Trump hush money verdict spooked DJT shares
Ranking
- Hackers hit Rhode Island benefits system in major cyberattack. Personal data could be released soon
- 3,500 dog treat packages recalled over possible metal contamination, safety concerns
- North Carolina Senate approves spending plan adjustments, amid budget impasse with House
- Chrysler, Toyota, PACCAR among 1 million vehicles recalled: Check car recalls here
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- What’s causing the devastating flooding in the Midwest?
- Elon Musk welcomes third child with Neuralink executive. Here's how many kids he now has.
- Boy who died at nature therapy camp couldn’t breathe in tentlike structure, autopsy finds
Recommendation
Selena Gomez's "Weird Uncles" Steve Martin and Martin Short React to Her Engagement
Everything we know about Noah Lyles, Yu-Gi-Oh! cards and a bet with Chase Ealey
Detroit plans to rein in solar power on vacant lots throughout the city
Higher caseloads and staffing shortages plague Honolulu medical examiner’s office
Kylie Jenner Shows Off Sweet Notes From Nieces Dream Kardashian & Chicago West
Diane von Furstenberg on documentary, 'biggest gift' from mom, an Auschwitz survivor
Maximalist Jewelry Is Having a Moment—Here’s How to Style the Trendy Statement Pieces We’re Obsessed With
Pregnant Hailey Bieber Turns Heads With Sheer Lace Look for Date Night With Justin Bieber