Quote:
Originally Posted by michelej1
It's interesting that Mick says that before Tango, he'd filed bankruptcy but all it took was the royalties from record sales of their catalog to keep him comfortable and get him financially back on his feet, because the band wasn't doing anything for those 5 years to make new money.
So, although if you keep spending you keep needing money, it seems like those royalties are really, really lucrative if all you need to do is maintain. I'd like to know how much they all get a year from catalogue royalties.
Michele
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The three songwriters would get significantly more than Mick, so for Mick to be comfortable purely on catalog royalties, well, it's no wonder that Stevie is "financially stable" (i.e., no recession could put a dent in her fortune).