Music News

Guess Which Sports Figure Made a KILLING on the Apple-Beats Deal

William Shatner made the smartest deal of his life when the people from approached him to be a spokesman.  Instead of taking cash for the job, he asked for an equity stake in the company.  Now those shares are worth over $1,200 each. And he owns a LOT of shares.  Nice move.

On the other hand, Vincent Price decided he’d rather take a cash payout of $20,000 for his speaking part in Michael Jackson’s “Thriller” instead of a songwriting credit, something that would have given him a percentage of album and single sales as well as some of the publishing.  The album then went on to sell 110 million copies. Oops.

Which brings me to LeBron James.  When Beats headphones first appeared in 2008, the company didn’t have a lot of money for a big-time sports endorsement.  Instead, they have James shares in the company.  Word is that he netted $30 million from the sale to Apple.

Alan Cross

is an internationally known broadcaster, interviewer, writer, consultant, blogger and speaker. In his 40+ years in the music business, Alan has interviewed the biggest names in rock, from David Bowie and U2 to Pearl Jam and the Foo Fighters. He’s also known as a musicologist and documentarian through programs like The Ongoing History of New Music.

Alan Cross has 38420 posts and counting. See all posts by Alan Cross

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