Royalties from Jimi Hendrix’s famous live album Band of Gypsys was sold for $85,250 in just 8 hours on a website called Royalty Exchange. Jimi Hendrix is considered one of the greatest musicians and the best guitarists of all time. This album was recorded and played live in New York City over the course of four concerts with his new group called Band of Gypsys.
The share of royalties sold makes about $5.6k a year and sold for 11.33 times what it earned in the past 12 months. This catalog earns money every time someone listens to its songs on platforms like Spotify and Apple Music or buys the music on vinyl or CDs. It also makes money when its songs are used in TV shows, movies, ads, and video games.
The catalog sold for a lot because Jimi Hendrix’s music is still popular and loved, even though the songs are over 50 years old. Old songs that people still enjoy and listen to can be sold for more money because they earn consistently over time and are known by people of all ages. The person who bought this catalog said it was the “best thing I own”. If you’re interested in making money from music royalties, you can learn more and see different deals on the Royalty Exchange website and sign up today.
After Jimi Hendrix’s famous band “Experience” broke up, he formed a new all-black trio with bass player Billy Cox and drummer Buddy Miles. This new group had a fresh and different kind of music that wasn’t like Hendrix’s earlier songs. The combination of Miles and Hendrix was special because they mixed different music styles like jazz, rock, funk, and soul together in a new way. Hendrix and Cox had been friends for a long time, ever since they met in the army in 1961. Creating an all-black band during that time was very important and had a big impact. It inspired many people during the Civil Rights Movement in the 1960s.
The album went top 10 in the US and the UK even though it was different from Jimi Hendrix’s earlier albums like Electric Ladyland and Are You Experienced. People think the songs and live performances on this album are some of the best work Hendrix ever did. The song “Machine Gun” is especially famous. Music experts believe it shows Hendrix’s amazing skill with the electric guitar and changed how people think about rock music.
“Machine Gun” is a song that talks about the Vietnam War. It shares the feelings of an American soldier and a Vietnamese civilian who both wish they weren’t in the war. When Hendrix played this song, he used his guitar to make sounds like rockets and bombs, which made the performance very powerful. Many people see this as one of the best electric guitar performances ever.
Check out the full details of the catalog sale here and take a look at other amazing songs from your favorite artists that are live to bid on today.
