No, it wasn’t a stock offering. He securitized the cash flow from his full song book. So he issues a bond for $50 mio, it’s paid down to zero over a fixed number of years from the cash flow/income of his royalties. So he just gets the value up feont then when the bond matures he can do another.
Came here to say this. Letterman was a fun host but a lazy interviewer. Bowie basically sold bonds paid through his catalog sales while maintaining his long term ownership of his publishing rights, getting money up front for what his catalog would generate. It was an extremely savvy move, not sure whether it was his idea or one of his managers, but it worked brilliantly. There have been a few similar moves since but to make it work you need to have full rights and demonstrate long term sales, not very many artists will be able to make it work. Bowie deserves credit for his financial acumen (or hiring those with it) as for his musical and stylistic genius.
@@mattm56 Seems like something a business manager would come up with. I'd imagine for this type of appearance they weren't going to get into all the nuts & bolts of his finances, ha.
Finally, some Bowie. He was 52 here and still looking sensational. We miss you so badly, Starman. The world went to hell after you left the planet.
Beautiful beautiful David,oh,how I miss him!😢
A full set of hair can be deceptive.
it truly did, didnt it. like he was the glue.
He's always a great interview. Extremely intelligent. He was 52 here. Gone too soon 😢
I bought that CD because of Bowie’s performance on this very show.
He had a good sense of humor. Good talk show guest and more often than not had something to say. Too brief a visit here.
No, it wasn’t a stock offering. He securitized the cash flow from his full song book. So he issues a bond for $50 mio, it’s paid down to zero over a fixed number of years from the cash flow/income of his royalties. So he just gets the value up feont then when the bond matures he can do another.
Came here to say this. Letterman was a fun host but a lazy interviewer.
Bowie basically sold bonds paid through his catalog sales while maintaining his long term ownership of his publishing rights, getting money up front for what his catalog would generate.
It was an extremely savvy move, not sure whether it was his idea or one of his managers, but it worked brilliantly.
There have been a few similar moves since but to make it work you need to have full rights and demonstrate long term sales, not very many artists will be able to make it work.
Bowie deserves credit for his financial acumen (or hiring those with it) as for his musical and stylistic genius.
@@mattm56 Seems like something a business manager would come up with. I'd imagine for this type of appearance they weren't going to get into all the nuts & bolts of his finances, ha.
The great ones often leave us too soon. The world lost a great talent without warning. 😢😔
The Thin White Duke.
Lou and Iggy's lives began to make sense when David entered their lives.
Hours is a vastly underrated album.
ah, I thought I was finally get the real dirt on the 3 caballeros of 70's rock and roll.
That’s a young Bowie
Wish there was more of this, but I'll take what I can get. Darn... Should have took a picture!
I have been playing all his albums latley
Better times then.
ONLY David Bowie could utter "glam Buddhism" and it would happen ONLY on Letterman!
Well I had these shoes made...
--------------------------- broke the mold ....regardlessly rewarding ....thanks4sharing
Coolest person who ever lived?
That was far too brief.
❤
Taken away FAR too soon....
Misleading title
4th and crazy early 😊
:)
Dan Quayle was on the next night? Damn.