Observations on Forbes’ 2024 list of top-earning dead celebrities
Forbes’ annual list of top-earning deceased celebrities always presents an interesting gathering of the dearly departed. It can be especially interesting to compare the newest list to those of prior years. For example, this year, Michael Jackson comes in at $600,000,000, whereas last year, Jackson topped the list at $115,000,000. The various Michael Jackson-themed stage productions reportedly contribute significantly to Jackson’s earnings.
Also apparent in reviewing the 2024 list is the role that licensing of the Right of Publicity has played in contributing to the reported figures. Arnold Palmer’s licensed iced tea and lemonade by Arizona, and the alcoholic version by Molson Coors, shows just how profitable a personality-branded beverage line can be: $14,000,000 in 2024. Whitney Houston’s $13,000,000 is aided by a licensed slot machines.
Though a frequent citing on prior lists, J.R.R. Tolkien is not on the 2024 list, but fellow authors Charles Schulz and Dr. Seuss continue as perennials. Inevitably, when a surprise death occurs, that person often will appear on the list for at least a year. Paul Walker, Nipsey Hustle, Tom Petty, and Juice WRLD all made the list for a year or even two after passing, but have not been seen since. This unfortunate distinction goes to Matthew Perry in 2024. The circumstances of his passing may add a bit of sustained attention to his premature passing, and his memoir also provides a contribution to his reported $18,000,000.
One-time sales of catalogs or assets can also either rocket the numbers upward, or put a person on the list for one year such as 2023’s Ray Manzarek. This year, it seems likely Ric Ocasek will be in this category with a reported $45,000,000 sale of his interest in his music catalog to Primary Wave.
Forbes’ methodology includes looking at sales and streaming figures, licensing, acquisitions or sales, or any other sources between the period of October of the prior year through September of the current year. Forbes also reportedly utilizes data from Luminate, and considers input from those in the industries.
Here’s a link to the 2024 list: Forbes 2024 Top-Earning Deceased Celebrities
Two articles on the business of Right of Publicity
Two informative articles have issued in the last week, on the heels of the 2017 Licensing Show. Both are informative and include input from industry leaders.
Forbes: Forbes Business of Deceased Icons
and Huffington Post: http://www.huffingtonpost.com/entry/592fa717e4b00afe556b0b27
Delebrities