Should Maiden sell the catalog?

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Alright Maidenfans, bring out your pitchforks for a potentially controversial topic. If you've followed music news the last few years, you may have heard stories of legacy artists (primarily from the 60s and 70s) who have sold their catalogs off to major labels in multimillion dollar deals. The reasoning seems to be that it's unclear if a given rock artist's catalog will still hold the same value in 50+ years, so the best thing for the artist's family and generational wealth is to sell now while it still carries a high price tag.

As much as we would like to believe otherwise, Maiden is probably not immune from this. Once they stop touring and are no longer an active band, interest in the band is going to naturally decline - especially if they keep up the same pace in archival projects (i.e. none). Who knows if Maiden will still be popular in 50 years. Think about music from 100 years ago now. While there are some artists whose shadows still loom large (Louis Armstrong, Duke Ellington, etc) the vast majority of touring and recording artists are mostly forgotten by those outside niche fan circles. While there is no way of knowing for sure, I just have a hard time seeing Maiden continuing to be relevant to people in the 2070s.

So then the question becomes, should Maiden sell the catalog sooner than later? There are two recent artist sales that have me considering how this might be a benefit for Maiden:

1: Frank Zappa's family recently sold off his catalog to Universal. This was a pretty surprising move because Frank had encouraged his wife on his deathbed to do exactly that, and she refused. Now that she has passed and the kids have had pretty public conflicts stemming from the Zappa business, there has been a catalog selloff. Considering how much of a family man Steve Harris is, I could see family stability being a consideration here as an artist's children fighting over the artist's catalog/royalties/etc is a tale as old as time.

2: I'm about to commit a forum cardinal sin here in invoking Kiss, but they sold off aspects of their catalog recently as well. The relevance to Maiden is twofold. One is the obvious, Maiden and Kiss are in unique positions as the value of their music is not the only thing at play but also the value of merchandising. The other consideration is that there have been a ton of archival Kiss releases in the pipeline as a result of this sale, compared to a pretty long period of half hearted archival releases if anything was released at all. Sound familiar? This isn't just limited to Kiss. Recently Pink Floyd sold off their catalog and now we're getting a theatrical 4k restoration of Live At Pompeii. It seems to me like these types of projects end up being more frequent and successful when the artist is kept somewhat at arm's length (I'm not sure the specifics on how this works, I know the artists still participate to some capacity in some of these projects).

So what do you think? The Maiden well has felt pretty barren for the last decade outside the odd studio album and vinyl reissue. Is it time for Maiden to sell so that somebody who has a better pulse on what the fans want can give us the goods? The documentary project has me thinking about this as well, as I feel this could be in some ways testing the waters for allowing large scale archival projects.

Discuss!
 
I think they do it anyway, but not now when they are active and well oiled machine. Probably their managers will sell some stuff just before or just few months after Maiden's formal retirement announcement.
 
The band have done something like this already.

Back when Bruce and Adrian rejoined in 1999 the band took out a £30mil bond, basically a loan and they were able to do this by pledging the royalties from the songs as repayment of the loan.

I’m not sure of the exact details, ie did they actually sell off their rights or royalties completely or was it just for a period of time until the £30mil was paid back; don’t know.

I found this article that mentions it.

 
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Iron Maiden, the band released its first album in 1980, has sold a massive 45m records so far, and investors believe that song titles like 'Axe attack', 'Bring your daughter to the slaughter' and 'No prayer for the dying' ensure that the money will keep rolling in - with interest payments added.

What’s ‘Axe attack’?
And good luck waiting sales of 'No prayer for the dying' return your investment!

:D
 
If it means we get some proper archive material releases (such as the increasingly popular deluxe sets that other legacy artists are putting out) in addition to remasters of certain live concerts, then sell away.

But personally I don't think it'll happen this decade. Or at least not while the band is still performing.
 
Just for a period of time. They didn't lose control over the rights, as they payed everything.
Fair enough, good business then really.

As for selling off the rights permanently like the thread suggests then I don’t ever see this happening whilst the band are alive, not just active.

Steve is very old school and I can’t see him ever just selling the bands rights away. I’m sure it’s not just his decision but if he doesn’t want to do it then I’m sure the other band members will go along.

They are all rich and multi millionaires anyway.

I could see this happening after they all die as the families who inherit their stake in the iron maiden corporation won’t have the same attachment so they are more likely to sell up.
 
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What’s ‘Axe attack’?
And good luck waiting sales of 'No prayer for the dying' return your investment!

:D

Axe Attack was a compilation that was released just before the first album came out of various metal artists, that feature Running Free, on the first press it was a demo version of it.
 
Axe Attack was a compilation that was released just before the first album came out of various metal artists, that feature Running Free, on the first press it was a demo version of it.

I think you need to explain that "axe" is a colloquial term for guitar first.
 
I could see this happening after they all die as the families who inherit their stake in the iron maiden corporation won’t have the same attachment so they are more likely to sell up.
Which would be the worst thing ever as those situations usually result in years of lawsuits and infighting. Everyone and their dog trying to grab a piece.
 
Axe Attack was a compilation that was released just before the first album came out of various metal artists, that feature Running Free, on the first press it was a demo version of it.

I’ve never heard of this compilation before. The article presents it as if it were a song, but that would be a ridiculous name for one.
 
Good compilation in deed.
During the time of the article the internet was at its infancy, maybe the author had limited means to verify but such a ridiculous title should have mede him suspicious for sure.
 
Honestly, I really don't care either way. I'm not friends with the band members or their family, nor am I related to them. If it helps them secure their loved ones financially they should do it.

If that means that we'll get archival releases after retirement I'm all for that. Yeah, the Maiden brand would be milked dry, but that's not something that I'd care about after retirement. Until then I want to consume the art and creativity of the band members. Afterwards? Let's go wild and see all the missed opportunities for live albums.
 
Yeah, sure, more power to the corpos, by all means. It's a wonderful idea.

The only one I don't blame is Dylan, who's been a lifelong troll and who probably did it as part of the "it's worth pennies to me anyway" pose of his. Other than that, it's turning your family's legacy into an immediate profit. A thing I'd expect from a twenty-year old, not someone in the twilight of their career and presumably a smattering of wisdom already as well.
 
I don’t really see the problem with wanting to make sure your kids and grand kids aren’t saddled with a music catalog that is steadily losing value that they also have to act as custodians for when you can sell it off at a high value and pass the money down. Also manages to maybe prevent the inevitable family infighting that seems to happen when an artist dies.
 
Well, as for the heirloom angle, it is exchanging the personal for the impersonal, it is just another step in commodification of everything, which is and has been a problem for a while now already. Instead of passing on your life's work to the next generation, you are selling it to an entity that doesn't even deserve to exist, let alone dubiously "own"* a human person's entire corpus of art.


(* the way how copyright is understood, legally codified, enforced, used and abused nowadays, especially in the digital era, is nothing short of complete travesty and intolerable wickedness and should be reformed and if such thing wasn't possible, then abolished and boycotted as almost a moral imperative. Which makes it funny, because considering that, you can't actually really do anything like this - i. e. sell your catalog - merely play pretend and such a sale has effect only as long as people are willing to support the farce.
So the only thing that remains is a gesture, which I still oppose, as
1. it belies a person's relationship to his own work and the implied worthiness of the art; is it truly art then, a person's expression of his own human experience and existence, if he does not wish to possess it in even an ideological form? Because we're not talking about commissions or selling physical media, but the very dis-owning of the work itself,
2. it supports the aforementioned commodification of art,
3. it supports the current state of copyright, especially as it appears when in a corporation's paws

The overall copyright discussion is probably beyond the scope of this thread - although it is inherently intertwined with the idea itself - so I'm putting this in brackets and refrain from delving further into this matter in particular. But yeah, among other things, technically such gesture does a lot for yet further legitimising piracy for me, as the artist's just wage has been already paid, erasing some of the last arguments for succumbing to the status quo. And I say that as someone who is regularly paying a lot of money for art)


One practical comment that is more connected with the topic and that's worth of consideration - people have complained time and again about the ways of digital distribution - especially the way how "buying isn't owning" and you can get everything you paid for erased from your device/account/anywhere (which you technically agree to in the terms and conditions), get books changed (IIRC, so far just the covers, but who says it can't happen with content itself) and so on. People have been leaving Audible and Kindle over recent changes that even more forcefully locked you in.

As long as the author is technically (legally) "the author", I believe he still can pull and enforce some personal decisions (whether it's from an ideological standpoint, like Neil Young pulling his songs from Spotify for a while because of Joe Rogan - a bizarre decision that he himself has backpedaled from in the meantime and one I disagree with (not because I like Joe Rogan, but because I find it to be performative nonsense), but still kinda laudable as it is motivated by an honest, if misguided ideal - or from a possible fact the publishing company might be somehow abusing the material and therefore in breach of licence conditions).

On the other hand, if Warner or anyone else (like Amazon itself, for example) decides to restrict access to music, to change extant problematic songs with AI or whichever dystopian nightmare we imagine (as both a cyberpunk bloke and a Brave New World bloke, I can imagine a lot of things), there's no author to at least try to set it right to preserve his legacy.

You have been force-fed an album to your devices once already (U2's Songs of Innocence in 2014, I remember, since I owned Apple back then), who's to say the same won't happen in the opposite direction and music won't start disappearing from your device?
The companies have mananaged to prolong copyright to an insane degree via powerful lobbying (the House of Mouse won't let go of the Mouse easily... although it had to in the end, but the fight was brutal); what's a bit of personal access to some kind of art that the author hasn't found worthy enough to retain his rights to?
Again, with the artist or his progeny being there to ensure the art itself is protected and to make amends for it, I see this as less probable.


I apologise if I come across as unreasonably hostile, I am myself surprised at how strong a reaction this cynical rather gesture tends to elicit from me.
 
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