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(Chicago Trib)   Rapper Coolio begins auctioning off his music royalties to fund his new career. Entertainment experts predict his royalties could bring as much as $8.25   (chicagotribune.com) divider line 26
    More: Followup, Coolio, royalties, entertainments, The New York Times Best Seller list  
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1635 clicks; posted to Entertainment » on 19 Aug 2013 at 6:41 AM (1 year ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



26 Comments   (+0 »)
   
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2013-08-19 07:02:23 AM  
Come on, there's a minivan commercial that's already been filmed, just waiting for Fantastic Voyage to be overlaid on it.
 
2013-08-19 07:07:49 AM  
Better than some other rapper. If they sold their royalties, it would only make half a dollar.
 
2013-08-19 07:23:31 AM  
I'm sure Wierd Al makes more of Amish Paradise royalties....
 
2013-08-19 07:27:12 AM  
I loved Cooking with Coolio.
 
2013-08-19 07:27:51 AM  
What does he cook, drugs?
 
2013-08-19 07:39:20 AM  
So he's no longer living in a gangster's paradise?
 
2013-08-19 07:44:37 AM  
I don't care what anyone says, Gangsta's Paradise was a phenomenal album.
 
2013-08-19 07:46:10 AM  
I bet Weird Al would give him a small loan...
 
2013-08-19 08:04:31 AM  
Coolio is a tool. He biatched about the Weird Al parody ruining his street cred, then he showed up on Hollywood Squares to do "lame whitey" jokes. Yeah, doin' Squares will do a lot for your street cred.
 
2013-08-19 08:18:49 AM  

Old Coot: Coolio is a tool. He biatched about the Weird Al parody ruining his street cred, then he showed up on Hollywood Squares to do "lame whitey" jokes. Yeah, doin' Squares will do a lot for your street cred.


Not everyone can be as open-minded as Kurt Cobain
 
2013-08-19 08:23:48 AM  
I was thinking maybe three fitty
 
2013-08-19 08:34:50 AM  

LewDux: Old Coot: Coolio is a tool. He biatched about the Weird Al parody ruining his street cred, then he showed up on Hollywood Squares to do "lame whitey" jokes. Yeah, doin' Squares will do a lot for your street cred.

Not everyone can be as open-minded as Kurt Cobain


Oh, good lord. I'm...I'm going to hell for laughing at that, aren't I?
 
2013-08-19 08:47:13 AM  

LewDux: Not everyone can be as open-minded as Kurt Cobain


*groan*
 
2013-08-19 08:57:34 AM  
Maybe he's planning on writing, directing, and starring in Dracula 4000?

/man that would be epic
 
2013-08-19 08:57:58 AM  
the o.d.b. couldn't possibly have committed all those crimes.  coolio did some of that shiat.
 
2013-08-19 09:03:54 AM  

LewDux: Old Coot: Coolio is a tool. He biatched about the Weird Al parody ruining his street cred, then he showed up on Hollywood Squares to do "lame whitey" jokes. Yeah, doin' Squares will do a lot for your street cred.

Not everyone can be as open-minded as Kurt Cobain


You... I like you.
 
2013-08-19 09:08:02 AM  
Coolio was a serious jerk on Celebrity Wife-Swap.  Not that it was a surprise or anything.

/still enjoy his hits from nearly 20 years ago
 
2013-08-19 09:54:00 AM  
How gangsta.
 
2013-08-19 10:11:34 AM  
He's just going to do what he did before and deny he ever sold the royalties after someone makes some money off them.
 
2013-08-19 10:28:07 AM  
It seems to me that the most foolish thing that a musician could do is sell their catalog. That's where the real money is in the music business. All you have to do is sit back and the money will continue coming in for the rest of your life. Selling the catalog is like killing the goose that laid the golden eggs.
 
2013-08-19 10:46:17 AM  

stevetherobot: It seems to me that the most foolish thing that a musician could do is sell their catalog. That's where the real money is in the music business. All you have to do is sit back and the money will continue coming in for the rest of your life. Selling the catalog is like killing the goose that laid the golden eggs.


You're assuming that said musician's catalog was actually worth something and didn't stink like hot garbage in August to begin with.  Yes, Coolio ... I'm looking at you.  There's good rap, there's bad rap .... then there's Coolio.
 
2013-08-19 10:59:35 AM  
Off the top of my head I know that at least two of his biggest hits heavily sampled well-known songs. What does that mean for his royalties? Does he have to split them with Stevie Wonder and whoever owns the rights to Lakeside's catalog?
 
2013-08-19 11:22:10 AM  

LewDux: Old Coot: Coolio is a tool. He biatched about the Weird Al parody ruining his street cred, then he showed up on Hollywood Squares to do "lame whitey" jokes. Yeah, doin' Squares will do a lot for your street cred.

Not everyone can be as open-minded as Kurt Cobain


Posts like this remind me why I have you favorited as simply "LewDux."
 
2013-08-19 02:23:22 PM  
He's 53 now but will he live to see 54 the way things is goin I don't know.
 
2013-08-19 06:26:56 PM  

Karma Chameleon: I don't care what anyone says, Gangsta's Paradise was a phenomenal album.


Was there anything actually original on it, or was it all songs recorded by someone else with the lyrics slightly changed and an angry black man rambling over top of them?
 
2013-08-19 07:35:33 PM  

stevetherobot: It seems to me that the most foolish thing that a musician could do is sell their catalog. That's where the real money is in the music business. All you have to do is sit back and the money will continue coming in for the rest of your life. Selling the catalog is like killing the goose that laid the golden eggs.



Not anymore. Let's face it, if he was making anything substantial he wouldn't need to sell.  Pandora, Spotify et al pay almost nothing, and Pandora is trying to pay 1/10th of almost nothing in the future. Movie studios don't pay what they used to for licensing a track, nor does TV.

I have no idea what kind of deal Mr. Coolio had, but there are typically two types of royalties for the musician: Mechanical (the actual recording) and Publishing. The label owns the recording itself, and the boilerplate contract for that is about 8-10% for the musician. As for the publishing, usually a prominent publisher will own that, and the publisher gets 50%. For Gangsta's Paradise, 4 writers are credited (one being Stevie Wonder), so Coolio's stake in the publishing is probably 12.5%. If Gangsta's Paradise sells on iTunes for a buck, the Publisher gets 9.25 cents for that. Coolio, if his deal is similar to the vast majority of deals, will get 1/8th of that. That's assumedly what is for sale, 1/8th of the publishing. I don't know who owns the tracks, but if there are co-writers listed, the money is split. Stevie and the other 2 writers will still own their share, no doubt.

I did quite a bit of session work in the 90s, one album in particular was a huge hit. I still get residuals. The problem has been tracking them down. Needless to say, everyone wants to rip musicians off. Some companies "accidently" forgot until I reminded them. Royalties and residuals don't come from one particular source: some might come from Japanese video rentals, some from AFTRA, etc. I was watching a movie on TV about a month ago, a hit movie from a few years back- I heard one of the songs. I've never got a cent for it, I should have received some "new use" fee of 300-400 bucks. If I make a bunch of calls, send some angry emails etc. I may or may not get it in a year. In other words, it's a shiatty biz and I wish Mr. Coolio all the best. Better to cash in now than avoid the aggravation of dwindling checks and a dying system full of ripoff artists.
 
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