Kiss sells catalog, brand name and rights to Swedish company for $300 million

The hard rock band Kiss is selling its catalogue, brand name and music rights to Pophouse Entertainment Group. The Swedish entertainment company has announced this. They pay about 300 million dollars (276 million euros) for it. Kiss and Pophouse themselves speak of a “collaboration”.
Kiss previously announced that they were calling it quits after 50 years. Now they are also selling their entire catalogue, the ‘Kiss’ brand name and the band’s intellectual property rights to Swedish entertainment company Pophouse. The American hard rock band receives around 300 million dollars for it.

“I don’t like the word purchase,” Gene Simmons told the AP news agency. He assures fans that the band would never sell its catalog to a company they don’t appreciate.

“People can misunderstand and think, ‘Okay, now we’re just sitting in Beverly Hills twiddling our thumbs.’ But nothing could be further from the truth. We are in the trenches with them (Pophouse ed.). We talk all the time. We think along. It is a collaboration. Especially Paul (Stanley) and I, with the band. We will remain us It’s our baby,” says Simmons.

source VRT.be