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, that’s the plan. But it’s 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, ‘If we wait on this it might be another year, year-and-a-half. Why don’t 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).
The Offspring's Dexter Holland talked to PunkNews about the band's future. He's unsure if the band's next release will be a full album.
We’re not really sure. We used to always do records where we’d go in and spend as long as it took — and sometimes that takes like a year and a half to really do it — and that seems like a long time to wait in between records. And no one really buys albums anymore…or maybe they do, I don’t know. But the way people really digest music has just changed; it’s not really the same way where you’re gonna sit down with the record and really listen to it.
Cessna's finance corp says the rocker is $782,422.16 in the hole to them ... according to a lawsuit filed this week, and obtained by TMZ. Holland's fly guy issues date back to 2007 when ... according to the docs ... he financed a plane, but eventually had trouble making the payments. Cessna claims it struck a deal with Holland: He sold the aircraft privately, gave those funds to Cessna ... and they gave him until 2017 to pay off the remaining balance. He also had to put up 2 other planes he owns as collateral.
The Offspring aren't sure how they're going to release music in the future. As reported in an Australian interview, this could be with Columbia or another label or maybe for free online.
At this point, all options are open. Either we go back and try and renegotiate a deal with Columbia or work with someone else or maybe even make our music free on the internet. In a way it’s very liberating, as well as being scary, not knowing what to do and having to figure it out for ourselves, but you know, we’ve been doing this for quite a while and I’m sure we’ll land on our feet.
We’ve been working on a couple of singles, we’re not sure what we’re going to do with them yet, if we’re going to put them on the internet and send them to radio or whatever. As far as a full scale album there’s nothing in the works, if we do something it wouldn’t be until at least next year, but we’re still moving forward and still going to keep trying to put out new stuff.
The first person to reply to this post will win a pair of tickets to The Offspring's fan event in Fountain Valley, CA tomorrow. The special event - which includes a 30 minute set, a Q&A and free food - will take place on May 12th from 4-6pm at the band's rehearsal space. Additional opportunities to win can be found on Facebook and Twitter.
A preview of the new single from The Offspring is in the replies.
1) The Future Is Now
2) Secrets From The Underground
3) Days Go By
4) Turning Into You
5) Hurting As One
6) Cruising California (Bumpin' In My Trunk)
7) All I Have Left Is You
8) OC Guns
9) Dirty Magic
10) I Wanna Secret Family (With You)
11) Dividing By Zero
12) Slim Pickens Does The Right Thing And Rides The Bomb To Hell
The Offspring is doing a North American tour this summer with varied support from Alkaline Trio, Street Dogs, Shiny Toy Guns, Dropkick Murphys, Pennywise and Sum 41. Press release and dates are in the replies. Will this be the tour of the summer?