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Post by Mean Mrs. Mustard on Aug 4, 2015 6:01:27 GMT -5
How well did Tony's book sell?
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Post by guigsysEstring on Aug 4, 2015 6:27:37 GMT -5
oasis had a very good record deal at there peak and made a lot of money . Theres a story somewhere from bonehead that when he went to a cash point once to get a few quid out for a round of beers there was about 650 000 pounds in it. Mcghee only ever wanted to make a few million so gave them a really good deal but when it went into another world I believe they rewrote a few deals within the band , but everyone bar tony mccarrol would be millionaires Wouldn't disagree about everyone's relative wealth, but the fact is Alan McGee didn't sign Oasis. Due to an unfortunate licensing deal Creation still had with SBK/EMI (Teenage Mutant Ninja Turtles, Vanilla Ice) if the band had signed directly to Creation they would have ended up on that label outside the UK. Jeremy Pearce signed Oasis to Sony LRD not long about a year after Sony had brought 49% of Creation (1992) and the licensed them to Creation for the UK. This avoided the SBK problem, got around the press that had an obsession with indie vs major labels in the UK at the time, and made sure that McGee & Dick Green were still cut into the deal. The contract was a standard deal though as all Creation 50/50 split deals were over by then due to Sony's involvement, although in 1996 they did get a royalty increase during Alan renogatiating his deal with Sony. The only thing I've read for definite about deals in the band was PAul Mathur in his book "Take Me There" when he says he saw Noel handing the rest of the band cheques as a thank you from his publishing royalties at xmas 95, though he didnt say how much it was worth. |
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Post by guigsysEstring on Aug 4, 2015 6:32:02 GMT -5
How well did Tony's book sell? I would imagine that it was a serious fans read only, though I could be wrong. I just couldn't see it being a wider audience draw like say, Keith Richards or Bill Wyman's books, as for most people Oasis outside the fan base was two brothers. |
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Post by Beady’s Here Now on Aug 4, 2015 7:24:39 GMT -5
Let's just say that WTSMG had them set for life. Still blows my mind how 4 kids from a council estate could manage to accomplish what they ultimately did.
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Post by defmaybe00 on Aug 4, 2015 7:56:02 GMT -5
Let's just say that WTSMG had them set for life. Still blows my mind how 4 kids from a council estate could manage to accomplish what they ultimately did. But were they really just kids from a council estate? |
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Post by Mean Mrs. Mustard on Aug 4, 2015 7:59:46 GMT -5
Let's just say that WTSMG had them set for life. Still blows my mind how 4 kids from a council estate could manage to accomplish what they ultimately did. But were they really just kids from a council estate? Watch episode 4 to find that out! Next Sunday on BBC4 at 2 PM. |
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Post by guigsysEstring on Aug 4, 2015 8:18:54 GMT -5
Let's just say that WTSMG had them set for life. Still blows my mind how 4 kids from a council estate could manage to accomplish what they ultimately did. But were they really just kids from a council estate? Ok if we are going to be pedantic (rich from me) they were four council estate kids and a new cockney drummer  |
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Post by Deleted on Aug 4, 2015 14:33:09 GMT -5
Let's just say that WTSMG had them set for life. Still blows my mind how 4 kids from a council estate could manage to accomplish what they ultimately did. But were they really just kids from a council estate? They were 4 kids from council estate with the songs from the Real People |
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Post by defmaybe00 on Aug 4, 2015 14:34:52 GMT -5
But were they really just kids from a council estate? They were 4 kids from council estate with the songs from the Real People No,the Real People were the kids from a council estate |
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Post by Deleted on Aug 4, 2015 14:44:49 GMT -5
Were the people actually real though?
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Post by pedrobrasil on Aug 4, 2015 16:13:20 GMT -5
Last year i read that liam stake on Pretty Green was worth 6 millions,and probably this year is higher because of the raise in sales.
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Post by guigsysEstring on Aug 5, 2015 6:09:21 GMT -5
Last year i read that liam stake on Pretty Green was worth 6 millions,and probably this year is higher because of the raise in sales. According to this Pretty Green in the Independent the company turned over £10.9M and lost £2M for the last accounts filed at companies house (2013 finanacial year). The private equity firms it mentions are looking to buy Pretty Green for around £20m, giving Liam's 33% a value of around £6.6M. At most they would allow him to retain 5-10% of the shares as the face of Pretty Green, which would still be worth millions IF their plan for worldwide expansion pays off. As I have said previously alot of the time you make decent money as the non-songwriters (talking the glory years 94-97 not ness. LAG tunes) and if your smart, invest in other business interests. That said be interested to see the five or if he was lucky six figure cheque Gem got for this |
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Post by pedrobrasil on Aug 5, 2015 6:46:44 GMT -5
Yes is that what i was talking about,but in the last account in 2015 they sold more than 15 millions and were back to profit.So i think that pretty green worth much more now.
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Post by guigsysEstring on Aug 5, 2015 7:14:47 GMT -5
Yes is that what i was talking about,but in the last account in 2015 they sold more than 15 millions and were back to profit.So i think that pretty green worth much more now. Sorry to be the accountant (but I am one, so there ) but where are you getting those figures from? The last accounts filed up to 30/9/204 at companies house show a net worth of £1,467,973 based on assets & liabilities, the 2015 accts arent due until mid 2016. The figures submitted show that tbh the private equity firms are offering for the brand and Liam's involvement, and having had a look at their info they are basing it on the 2014 underlying profit of around £2m pre-tax. The thing is that Pretty Green isn't going to be valued much higher as to expand it into a High End specialist brand worldwide, like any business, is going to take serious investment which may or may not yield a return. We will see in the coming few months but my own gut feeling is for business and possibly personal financial gains Liam will end up doing a deal with a serious investor to try overseas. As the major shareholder despite having a minority stake its his call a) as the face of Pretty Green & b) No equity investor would want a minority holder with 33% of the shares as it would devalue their investment too much. And now back to the accts ledgers!  |
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Post by pedrobrasil on Aug 5, 2015 7:49:57 GMT -5
I got this number in duedil limited when i google pretty green net worth.They turned over 15.1 millions.
Im not a accountant and dont know nothing about that but if the sales raised 38.11% and assume that the companys value also raised.
Sorry if im wrong..
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Post by pedrobrasil on Aug 5, 2015 8:04:11 GMT -5
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Post by guigsysEstring on Aug 5, 2015 8:42:50 GMT -5
I got this number in duedil limited when i google pretty green net worth.They turned over 15.1 millions. Im not a accountant and dont know nothing about that but if the sales raised 38.11% and assume that the companys value also raised. Sorry if im wrong.. No need to apologise mate, nothing broken or damaged, just a discussion! The LES article makes a good read, although the £43,000 profit on a turnover that size suggests they work on very thin margins, I assume from leasing rather than owning retail space, using high end materials and promoting the label. As I am not Pretty Green's accountant then I can't say for definite. With regards to valuation based on the fourteen times earnings method Pretty Green would only be valued at £602,000, which is obviously a very low figure. This does not take into account though the potential of the brand if it took off in America for example, where they are currently negotiating with Dept Stores to stock it. The 'celebrity' (hate that word) or public figure involvement can go both ways, as their actions and public perception can positively or negatively affect a brand's standing, and consequently value. Also in terms of fashion, it's one of the hardest to value, as you can't predict with absolute certainty what will be lasting- in my youth in UK Sweater Shop were ubiquitous but have long since vanished, along with Joe Bloggs and other brands. Therefore I think the £20m is not overly generous but a fair business valuation based on the current state of play- but as I said only an opinion, not fact as in truth it's worth whatever an investor is willing to pay If it does break the USA then he won't need the investment and asistance as the brand will have, in my mine, established itself as Liam's profile was nowhere near what it is or was in the UK & Japan where Pretty Green currently have stores. Anyway sorry if I have bored the a*se off you with that "business study paper disgused as a reply" above |
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Post by pedrobrasil on Aug 5, 2015 9:09:32 GMT -5
No problem,i liked read what you said..
I think what results in a low profit is that they are opening new stores ever year.I read in the internet that they opened two new stores in london this year.So i think they are reinvesting this profits,but thats only my opinion, only people who works their really know.
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Post by freddy838 on Aug 5, 2015 13:13:20 GMT -5
What about Andy and Gem? They would have got songwriting money but on less popular records, and had several mahoosive world tours too. I don't know how many records Ride sold. Would they both be millionaires?
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Post by guigsysEstring on Aug 5, 2015 13:48:58 GMT -5
What about Andy and Gem? They would have got songwriting money but on less popular records, and had several mahoosive world tours too. I don't know how many records Ride sold. Would they both be millionaires? Ride were on a 50/50 profit share deal whilst signed directly to Creation Records, but were more of a cult band whose profile has risen since the years after their split. I know "Nowhere" sold well in the UK by independent standards, but the follow up "Going Blank Again" did 45,000 on it's first week when it was expected to break 150,000 and subsequent releases were low selling as well. Gem never had any lasting success with his music until Oasis, so certainly not from his Whirlpool or Heavy Stereo days. The tours would depend on how the profit share arangement was set up, as I imagine Oasis like alot of major bands (though not all) have different percentages rather than an equal split among members. An example of this is Ronnie Wood, who joined the band in 1975 but wasnt made a financial partner until 1990. That said they would have easily made mid level six figure sums on a major tour, plus any publishing royalties for their songs and, if they were savvy, investing outside the band in the right opportunities would certainly have made them millionaires. |
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Post by Deleted on Aug 5, 2015 13:53:23 GMT -5
What about Andy and Gem? They would have got songwriting money but on less popular records, and had several mahoosive world tours too. I don't know how many records Ride sold. Would they both be millionaires? Ride were on a 50/50 profit share deal whilst signed directly to Creation Records, but were more of a cult band whose profile has risen since the years after their split. I know "Nowhere" sold well in the UK by independent standards, but the follow up "Going Blank Again" did 45,000 on it's first week when it was expected to break 150,000 and subsequent releases were low selling as well. Gem never had any lasting success with his music until Oasis, so certainly not from his Whirlpool or Heavy Stereo days. The tours would depend on how the profit share arangement was set up, as I imagine Oasis like alot of major bands (though not all) have different percentages rather than an equal split among members. That said they would have easily made mid level six figure sums on a major tour, plus any publishing royalties for their songs and, if they were savvy, investing outside the band in the right opportunities would certainly have made them millionaires. Great! Now if you could just solve the Greek financial crisis as well then that would be smashing.  |
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Post by guigsysEstring on Aug 5, 2015 13:59:35 GMT -5
Ride were on a 50/50 profit share deal whilst signed directly to Creation Records, but were more of a cult band whose profile has risen since the years after their split. I know "Nowhere" sold well in the UK by independent standards, but the follow up "Going Blank Again" did 45,000 on it's first week when it was expected to break 150,000 and subsequent releases were low selling as well. Gem never had any lasting success with his music until Oasis, so certainly not from his Whirlpool or Heavy Stereo days. The tours would depend on how the profit share arangement was set up, as I imagine Oasis like alot of major bands (though not all) have different percentages rather than an equal split among members. That said they would have easily made mid level six figure sums on a major tour, plus any publishing royalties for their songs and, if they were savvy, investing outside the band in the right opportunities would certainly have made them millionaires. Great! Now if you could just solve the Greek financial crisis as well then that would be smashing. The ego says I could, the brain says I would be too much of a know it all sod to not upset everyone along the way & get taken out (probably deservedly)  EDIT- The Real People were most certainly real Gerald |
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Post by mahsteve on Aug 5, 2015 14:00:23 GMT -5
A very interesting read thanks to those who have posted.
Just to add. II'm sure on the SOTSOG tour in 2000 Andy and gem were paid around £85 a night for each gig as they did not play on SOTSOG they weren't entitled to any royalties.
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Post by guigsysEstring on Aug 5, 2015 14:06:47 GMT -5
A very interesting read thanks to those who have posted. Just to add. II'm sure on the SOTSOG tour in 2000 Andy and gem were paid around £85 a night for each gig as they did not play on SOTSOG they weren't entitled to any royalties. Good memory! They were both hired on sessions musician rates for the tour and subsequent HC studio work up until publishing deals were renegotiated to reflect them joining Oasis, and the record royalties were also sorted. |
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Post by mahsteve on Aug 5, 2015 14:28:05 GMT -5
Just out of curiosity then
Who paid for Gems guitars and amps when he joined the band?
I imagine he probably had quite a collection of guitars anyway but on the SOTSOG tour he had at least 3 Gibson non reverse firebird 3's which are not cheap. I think he had a red one, darker red one and a sunburst one with 3 pick ups which he used for gas panic. He also had an epiphone john Lennon casino which he used for who feels love but I think he had had that guitar for years.
Also Andy had a custom burns bass guitar which don't come cheap either.
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