Producer Royalties for Slipknot’s All Hope Is Gone Are Up for Bid
Sure, owning a guitar signed by Corey Taylor sounds pretty rad… but how would you like to own a piece of the producer royalties for an entire Slipknot album?
Well, now you can: producer royalties from Slipknot’s 2008 album, All Hope Is Gone, are now up for bid. The winner will also get the producer royalties from Simple Plan’s eponymous 2008 release. Both records were produced by Dave Fortman, the Ugly Kid Joe guitarist who has also produced albums for Mudvayne, Evanescence, and Godsmack.
Unsurprisingly, the royalties won’t come cheap: the minimum bid (which someone has already placed) is $758,000, the set bidding increment (i.e., the lowest amount of money by which you can outbid someone) is $10,000, and the auction won’t end for another six days.
Having said that, if you happen to have that kinda dough burning a hole in your pocket, this is potentially a solid investment. The theoretical internal rate of return (the projected annualized rate of earnings on your investment) is 16.31%, and the winner will get the royalties for a term of thirty years. Royalties collected for the past twelve months total $105,180, and a press release says that number is only gonna go up in the coming years:
“Total earnings grew 20% in 2019 over the year prior.
“Streaming subscriptions drive this growth, generating 73% of last year’s earnings (a 40% increase over the prior year).
“All five of the top-earning songs in the catalog earned more last year than in 2018, four of them by double digits.”
You can learn more, and/or place a bid, here.
No word on what Corey Taylor thinks, but unfortunately, unlike his current auction, none of these proceeds will go to charity.