Another way of looking at the sale of Neil Young’s catalogue
Earlier this month, it was announced that Neil Young sold a big chunk of his publishing for an estimated US$150 million. Popbitch, the wonderfully, er, bitchy UK celebrity gossip site, analyzed things this way:
“Neil Young struck a $150m deal for a share of the rights to his back catalogue last week – but what is it actually worth?
“The average adult human heart weighs somewhere between 250-350g. Gold is currently trading at $59.24 per gram (at time of writing). Which means that, at a price of $17,772 per unit, Neil Young’s deal was worth approximately 8,440 hearts of gold.”
All in US dollars, of course.