Do you actually think Taylor Swift opens her bank account and sees $1,000,000,000 in checking? The overwhelming majority of her wealth is tied to her owning her own catalog of music, which can either be licensed out or earn money directly through streaming/sales. Is she obscenely wealthy? Yeah, absolutely. Is it possible for her to “cut” her money up so that everyone who helped her gets an equal share? No, we’re talking about very illiquid assets, not a cookie cake your mom brought in to share with the class.
Here’s an article about how she was one of the first people in Hollywood to meet SAG-AFTRA Union demands in order to release her movie, including things like higher pay and better residuals towards crew with streaming.
Do you actually think Taylor Swift opens her bank account and sees $1,000,000,000 in checking? The overwhelming majority of her wealth is tied to her owning her own catalog of music, which can either be licensed out or earn money directly through streaming/sales. Is she obscenely wealthy? Yeah, absolutely. Is it possible for her to “cut” her money up so that everyone who helped her gets an equal share? No, we’re talking about very illiquid assets, not a cookie cake your mom brought in to share with the class.
Here’s an article about how she was one of the first people in Hollywood to meet SAG-AFTRA Union demands in order to release her movie, including things like higher pay and better residuals towards crew with streaming.
She could transfer the IP rights of the song to a company, and then evenly distribute shares of that company to everyone who ever worked with her.