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: Music
Quiz: how much money has Stairway to Heaven made in royalty payments?
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06-15-2016, 07:46 PM
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DaneMcCloud
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Quote:
Originally Posted by
Rain Man
It's the honor system. Make your guess and then check out the number from this article about the Taurus lawsuit:
http://money.cnn.com/2016/06/15/medi...ial/index.html
Spoiler!
Condé Nast Portfolio estimated in 2008 that "Stairway to Heaven" had earned more than $562 million in publishing royalties and record sales since it's 1971 release.
And recognize that that number is nine years old. The song was released in 1971, so $562 million only covers 37 years of its 45 year history.
The publishing royalties account for more than 70% of those earning but keep in mind, that's total earnings, not what was paid to the Artist or the songwriters.
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