Because of streaming, recorded masters produce more predictable revenue income, like publishing, Gruss says, who adds that now is a better time to buy such assets instead of waiting for streaming to breathe new life into the record business, after which assets such as these will increase in price.
That benchmark came to pass in 2014, when the group gained control of masters to six albums released by Sony Music. Now, according to sources, The Offspring is shopping those LPs along with its music publishing. The asking price? In the $30 million to $35 million range. (The deal could also include a new album.)
We want to do a record, thatís the plan. But itís taking forever. We released this song because we felt good about it immediately. It was one of the first one or two songs we finished, so we were like, ĎIf we wait on this it might be another year, year-and-a-half. Why donít we just put it out and see what happens?
The gap of almost 18 years is the longest between an act topping Mainstream Rock Songs, besting Stone Temple Pilots, which paused 16 years between "Lady Picture Show" (Jan. 18, 1997) and "Out of Time" (Aug. 17, 2013).