EntertainmentThe Leisure Trade’s 2021 Scorecard

The Leisure Trade’s 2021 Scorecard

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Reese Witherspoon cashed out. Rihanna and Kim Kardashian West turned billionaires. And it was “Glory Days” for Bruce. However not all stars glittered in a yr of enormous bargains.

Eyebrows had been raised when, simply six days into the yr, Neil Youthful declared that he had spun “Coronary heart of Gold” and the remainder of his tune catalog into exact gold by providing them to track administration agency Hipgnosis for $150 million. Approaching the heels of Bob Dylan’s an identical, $300 million provide constructed simply various months earlier, it appeared very clear that it was just the start of an leisure bull market place.

Then arrived the March announcement that Paul Simon was advertising his track catalog for $250 million, adopted by gross sales involving customers of Fleetwood Mac, heirs to the Prince property and the Crimson Extremely sizzling Chili Peppers. The calendar yr completed on a good elevated discover, when information broke that Bruce Springsteen reportedly purchased his catalog to Sony New music for a minimum of 50 % a billion to Sony Songs in December in seemingly an important provide at any time for the life’s carry out of an particular artist.

The music earnings have been being simply the suggestion of a considerable mental dwelling iceberg that soared in profit throughout 2021. In Might nicely, Buddies as quickly as as soon as once more cashed in on a display that has funneled way over $1.4 billion to the stable and creators as they switched loyalties from Netflix to HBOMax. Then Viacom signed a deal to pay out the creators of South Park greater than $900 million greater than a wide range of years.

And a few say the pop-tradition horse shopping for and promoting is simply discovering commenced, so look for a fantastic deal way more drama in 2022. Till finally then, right here’s a appear at 2021’s highlights.

Rap Star. Contractor. Billionaire

Quickly after a ten years as a leading-promoting hip-hop act, “Umbrella” singer Rihanna joined the 3-comma membership in August when Forbes verified she owns 50% of her Fenty Magnificence line, in joint enterprise with luxurious dwelling LVMH.

With Mates Like These…

The actors and ingenious minds driving Buddies, 1 of community TV’s most beloved sitcoms constructed an enormous splash with their reunion display, which aired on HBO Max in Might presumably. The cast earned an believed $5 million each single for his or her visible attraction. That’s simply the icing on the cake: altogether Forbes estimates the present introduced in further than $1 billion in pretax earnings contemplating the truth that its 1994 premiere the solid attained $816 million pretax, or $136 million every.

Bilbo Baggins’ Billions

Lord of the Rings director Peter Jackson’s foray into seen penalties by way of his store Weta Digital paid off huge time. The New Zealand-centered firm, which he cofounded to supply outcomes for Heavenly Creatures (1994), grew right into a Hollywood powerhouse, giving laptop computer or computer-created imagery for each little factor from Wolverine (2013) to the 2019 remake of Woman and the Tramp. In November, Weta introduced {that a} chunk of its property have been remaining marketed for $1.6 billion to Unity Laptop software program, which is able to make program for videogames. Forbes conservatively estimates the deal formally helps make Jackson a billionaire.

Free At Final?

Britney Spears was ultimately free of her conservatorship in November following 13 years, however the battle hasn’t ended there, with the seemingly for a lawful combat towards father Jamie Spears looming. What comes upcoming for the pop star is unclear however the issues isn’t: Forbes recognized her $60 million fortune was shockingly decrease compared together with her friends, because of tens of hundreds of thousands used on authorized prices and a longtime dearth of producer partnerships, excursions and new new music.

A Stunning Model

Kim Kardashian West formally turned a billionaire in April many thanks usually to 2 rewarding corporations —KKW Pure magnificence and Skims. Cosmetics agency Coty acquired a 20% stake in Kardashian’s attractiveness model in January in a provide that valued the group at $1 billion. In the meantime, her shapewear producer Skim is valued at way more than $500 million, in accordance to a provide. Because of a prenup, the reality star-cum-lawful scholar want to walk away together with her fortune and belongings intact anytime her pending divorce from Kanye West is finalized.

Slam Dunk

It was yr for NBA hero LeBron James. He had a starring half in House Jam: A New Legacy and he purchased a sizeable minority stake of his SpringHill leisure group in October at a valuation of $725 million to a consortium of merchants that bundled Nike and Epic Video video games. Forbes estimates his stake at $300 million, bringing his web worth as much as about $850 million, simply after accounting for taxes, expending and funding determination returns.

Tragedy in Texas

A big crowd crush at Travis Scott’s Astroworld live performance in Houston in November left 10 lovers ineffective and carries on to have knock-on outcomes on the rapper, whose picture and enterprise enterprise ventures have taken a strike: some 300 lawsuits have been submitted Anheuser-Busch reduce ties to Travis Scott and his laborious seltzer model identify Cacti, Nike delayed launch of its Travis Scott sneaker, and he was taken off from the Coachella 2022 lineup.

Doc Redux

Taylor Swift’s re-recording of her 2012 album Crimson debuted at quantity an individual on the Billboard Main 200, constructing her the 2nd woman ever to have 10 or much more albums to achieve the No. 1 rating proper after Barbra Streisand, who has had 11, in line with Billboard.  The re-recording, a part of a method by Swift to take again command of her masters instantly after mega-manager (and Swift nemesis) Scooter Braun marketed her originals to private fairness agency Shamrock Holdings her gambit is spending off, with the brand new recordings topping charts and devaluing Shamrock’s monetary funding.

Donda Dud

Kanye West turned his rap genius right into a billionaire’s fortune, however 2021 confirmed that not even an icon is safe from missteps. The previous presidential candidate turned to controversial attendees which embrace DaBaby (panned for homophobic remarks) and Marilyn Manson (going via accusations of sexual abuse) for his new album, Donda. It didn’t perform. His tenth studio album, named quickly after his late mom, was generally panned following it dropped in August.

Howdy, Payday

Actress Reese Witherspoon supplied her five-calendar year-aged creation enterprise, Howdy Sunshine, to a Blackstone-backed enterprise for $900 million in August, pocketing $120 million quickly after taxes within the deal and touchdown an enormous acquire for gender parity in Hollywood.

The Eco-friendly Widow

Proper after Disney concurrently unveiled Black Widow in theaters and on its streaming system, star Scarlett Johansson sued the Mouse Property, boasting as much as $50 million in lacking bonus funds. Disney fired again by publicly disclosing her $20 million upfront earnings, a Hollywood no-no. The 2 afterward settled for an undisclosed sum.

Cuomo Non Grata

It wasn’t a beautiful 12 months for the Cuomo household—Andrew Cuomo resigned in August as New York governor amid fallout from his sexual harassment scandal—whereas younger brother Chris Cuomo was fired from his CNN anchor occupation in December quickly after authorized paperwork unveiled the extent to which he aided Andrew in his battle in opposition to the harassment allegations—seen as an unforgivable breach of journalistic ethics.

Lengthy gone, However Not Forgotten

Even after demise, achievement in clearly present enterprise can nonetheless command a marquee price ticket. In September, 31 a few years quickly after the creator of Charlie and the Chocolate Manufacturing facility died of most cancers at age 74, Netflix paid a famous $684 million for the Roald Dahl Story Group and rights to the British novelist’s tales.

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