Current:Home > MarketsKiss sells catalog, brand name and IP. Gene Simmons assures fans it is a ‘collaboration’ -VisionFunds
Kiss sells catalog, brand name and IP. Gene Simmons assures fans it is a ‘collaboration’
SafeX Pro View
Date:2025-04-06 12:42:59
It’s never really the end of the road for Kiss. The hard rock quartet have sold their catalog, brand name and IP to Swedish company Pophouse Entertainment Group in a deal estimated to be over $300 million, it was announced Thursday.
This isn’t the first time Kiss has partnered with Pophouse, which was co-founded by ABBA’s Björn Ulvaeus. When the band’s current lineup — founders Paul Stanley and Gene Simmons as well as guitarist Tommy Thayer and drummer Eric Singer — took the stage at the final night of their farewell tour in December at New York City’s famed Madison Square Garden, they ended by revealing digitized avatars of themselves.
The cutting-edge technology was created by George Lucas’ special-effects company, Industrial Light & Magic, in partnership with Pophouse. The two companies recently teamed up for the “ABBA Voyage” show in London, in which fans could attend a full concert by the Swedish band in their heyday, as performed by their own digital avatars.
The ways in which Kiss’ avatars will be utilized has yet to be announced, but Pophouse CEO Per Sundin says fans can expect a biopic, a documentary and a Kiss experience on the horizon.
An avatar show is scheduled to launch in the second half of 2027 — but don’t expect it to look anything like “ABBA Voyage,” Sundin told the AP. And fans can expect it to kick off in North America.
Sundin says the goal of the purchase is to expose Kiss to new generations — which he believes sets Pophouse apart from other acquisitions of music catalogs.
“The record companies, the three big ones that are left, they’re doing a fantastic job, but they have so many catalogs and they can’t focus on everything,” he says. “We work together with Universal (Music Group) and Kiss, even though we will own the artists rights, and we’re doing it in conjunction with Kiss. But yes, we bought all rights, and that’s not something I’ve seen that clear before.”
“I don’t like the word acquisition,” Gene Simmons tells the AP over Zoom, assuring the band would never sell their catalog to a company they didn’t appreciate.
“Collaboration is exactly what it’s about. It would be remiss in our inferred fiduciary duty — see what I just did there? — to the thing that we created to abandon it,” he continued. “People might misunderstand and think, ‘OK, now Pophouse is doing that stuff and we’re just in Beverly Hills twiddling our thumbs.’ No, that’s not true. We’re in the trenches with them. We talk all the time. We share ideas. It’s a collaboration. Paul (Stanley) and I especially, with the band, we’ll stay committed to this. It’s our baby.”
And within that: no more live touring, for real. “We’re not going to tour again as Kiss, period,” he says. “We’re not going to go put the makeup on and go out there.”
Kiss are Pophouse’s second investment outside of Sweden: In February, Cyndi Lauper entered a partnership with the company which including the sale of the majority share of her music and a new immersive performance project she’s calling an “immersive theater piece” that transports audiences to the New York she grew up in.
The aim is to develop new ways to bring Lauper’s music to fans and younger audiences through new performances and live experiences.
“Most suits, when you tell them an idea, their eyes glaze over, they just want your greatest hits,” Lauper told the AP at the Pophouse headquarters in Stockholm in February. “But these guys are a multimedia company, they’re not looking to just buy my catalog, they want to make something new.”
veryGood! (6)
Related
- Elon Musk's skyrocketing net worth: He's the first person with over $400 billion
- Even heroes feel helpless sometimes — and 'Superman & Lois' is stronger for it
- Mrs. Davis' First Teaser Asks You to Answer a Mysterious Call
- Walmart Ups Their Designer Collab Game With New Spring Brandon Maxwell x Scoop Drop
- Backstage at New York's Jingle Ball with Jimmy Fallon, 'Queer Eye' and Meghan Trainor
- Digital nomads chase thrills by fusing work and foreign travel
- 'Never Have I Ever' is over, but Maitreyi Ramakrishnan is just getting started
- Sister Wives’ Meri Brown Clarifies Her Sexuality
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Hi Hi!
- 'Never Have I Ever' is over, but Maitreyi Ramakrishnan is just getting started
Ranking
- US appeals court rejects Nasdaq’s diversity rules for company boards
- 29 arrested in Egypt after thousands were swept up in Hoggpool cryptocurrency investment scam
- 'When Crack Was King' follows four people who lived through the drug epidemic
- Soldiers find nearly 2 million fentanyl pills in Tijuana 1 day before Mexico's president claims fentanyl isn't made in the country
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- What's Making Us Happy: A guide to your weekend viewing, listening and reading
- Remembering Alan Arkin, an Oscar- and Tony-winning actor/filmmaker
- Former Shell CEO's pay package jumped 50% amid soaring energy prices
Recommendation
Nearly half of US teens are online ‘constantly,’ Pew report finds
See Joseph Gordon Levitt Make His Poker Face Debut as Natasha Lyonne's Charlie Is in Big Trouble
Hoda Kotb Dealing With Family Health Matter Amid Today Absence
Stricter U.S. migration controls keep illegal border crossings at 2-year low — for now
Civic engagement nonprofits say democracy needs support in between big elections. Do funders agree?
Man convicted of removing condom without consent during sex in Netherlands' first stealthing trial
Michelle Buteau's winsome 'Survival of the Thickest' is a natural selection
After 12 years of civil war, the last thing Syrians needed was an earthquake