Forbes has just released the annual “Top-Earning Dead Celebrities” for 2016. The most notable aspects of this year’s list are the new entries of recently departed personalities, and the amount of the number one earner. Here is a link to Forbes’ coverage: http://www.forbes.com/sites/zackomalleygreenburg/2016/10/12/the-highest-paid-dead-celebrities-of-2016/#5a1f53dd8d2e
Arnold Palmer (#3), Prince (#5) and David Bowie (#11) are the unfortunate new members on the list due to their recent respective deaths in 2016. In Palmer’s case, he had already created a vast business empire so the revenue sources that put him on this particular list were already in place. For Prince, who perhaps is the most surprising entrant on this list due to the especially shocking news of his death, the earnings are due to the surge in music sales that often follow the death of a notable artist. The same could be said of Bowie, but Bowie’s numbers also benefited from the release of a new album that closely coincided with his passing.
The other notable surprise in this year’s list is the amount assigned to the number one entrant, Michael Jackson, at $825 Million. Compare that figure to the number two spot, Charles Schulz, at $48 Million. It is worth noting that Jackson, since his death, has almost always taken the top spot, and while never quite at the $825 Million mark, the drop off from first place to second has often been very steep.
Join me and Joel Tragesser of Quarles & Brady on Wednesday, October 12th, 12 pm – 1 pm at the Indianapolis Bar Association Education Center for our annual Right of Publicity update. The program provides one hour of CLE credit. Here is a link for registration and other details: https://www.indybar.org/index.cfm?pg=events&evAction=showDetail&eid=36514
The Indy Bar facilities are located at 135 N. Pennsylvania St., Ste. 1500.
Topics will include legislative updates (Alabama, Minnesota, Indiana), complex developments (like the death of Prince), case law (including Avvo, Hulk Hogan v. Gawker, Pele v. Samsung), valuations, deal-making, and hot-topic issues such as Halloween costumes and Presidential elections.
See you there!