Who profits off of the music that gets released from musicians that have died? Or, more relevantly, where DOES the money go from their album sales? (Please tell me it's not ONLY the record companies)
2007-02-23 21:25:29 · 5 answers · asked by Dirt 2 in Entertainment & Music ➔ Music
Just like any other asset, it goes to whoever the musician left their assets to- minus all of the death taxes. So, sometimes it is the spouse of the artist or their children.
2007-02-23 21:29:21 · answer #1 · answered by slaughter114 4 · 0⤊ 0⤋
I think the payment process is the same as when the artist was alive.The artists estate (whoever controls it would hopefully be determined by the will) would collect the artists share and make the decisions regarding future releases and other media projects.
2007-02-23 21:35:54 · answer #2 · answered by Fire Marshall Bill 2 · 0⤊ 0⤋
well no....record companies should only take a max of 10%...and the remainder after tax should go to the family or trust....(unless stated otherwise in the deceased will)....
2007-02-23 21:30:22 · answer #3 · answered by ozzy chik... 5 · 0⤊ 0⤋
it goes to their estates unless they owe uncle sam a big tax bill
Johny Paycheck lost his royalty rights to TAKE THIS JOB AND SHOVE IT!
2007-02-23 21:33:18 · answer #4 · answered by Anonymous · 0⤊ 0⤋
record co.
family.
friends.
who ever the band left the royalties to. or who ever bought them.
& Courtney love.
2007-02-23 21:29:50 · answer #5 · answered by Loathing 6 · 0⤊ 0⤋