Current:Home > MarketsKiss sells catalog, brand name and IP. Gene Simmons assures fans it is a ‘collaboration’ -MoneyMentor
Kiss sells catalog, brand name and IP. Gene Simmons assures fans it is a ‘collaboration’
View
Date:2025-04-12 19:03:55
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! (84427)
Related
- DoorDash steps up driver ID checks after traffic safety complaints
- Senators push federal commission to help defend voters from artificial intelligence disinformation
- See King Charles III Make First Public Appearance Since Hospital Release
- When does daylight saving time start? What is it? Here's when to 'spring forward' in 2024
- Macy's says employee who allegedly hid $150 million in expenses had no major 'impact'
- These 33 Under $40 Valentine’s Day Jewelry Pieces Look Expensive and They’ll Arrive on Time for Gifting
- Céline Dion Makes Rare Public Appearance at 2024 Grammys Amid Health Battle
- Meryl Streep presents Grammys record of the year, hilariously questions award category
- Tree trimmer dead after getting caught in wood chipper at Florida town hall
- Kelly Rizzo Dating Breckin Meyer 2 Years After Husband Bob Saget’s Death
Ranking
- This was the average Social Security benefit in 2004, and here's what it is now
- Michael Jordan's championship sneaker collection goes for $8 million at auction
- Yes, former NFL Network journalist Jim Trotter is still heroically fighting the league
- Why Kelsea Ballerini Missed the 2024 Grammys Red Carpet
- Dick Vitale announces he is cancer free: 'Santa Claus came early'
- Ariana Grande Shares Touching Tribute to Victoria Monét After 2024 Grammys Win
- A 19-year-old man who drowned in lake outside SoFi Stadium was attending concert: Reports
- Wyndham Clark wins AT&T Pebble Beach Pro-Am after weather shortens event to 54 holes
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
'We're better together': How Black and Jewish communities are building historic bonds
National Security Adviser Jake Sullivan says U.S. will press relentlessly for Hamas to release hostages
Which NFL team has won the most Super Bowls? 49ers have chance to tie record
The Best Stocking Stuffers Under $25
Bob Saget's widow, Kelly Rizzo, dating Breckin Meyer two years after husband's death
Céline Dion Makes Rare Public Appearance at 2024 Grammys Amid Health Battle
Tennessee law denied Allie Phillips an abortion. So she's now running for office