Counterculture Icon Goes for $10-Million
The estate of Joey Ramone (The Ramones) has sold a stake of the Punk legend’s music publishing rights for $10 million, according to The Wall Street Journal. The deal includes non-exclusive rights to license the frontman’s name and likeness, as well as income for songs across the band’s musical repertoire.
“Joey Ramone was a total original — his songwriting, style, and voice are all undeniably unique and immediately recognizable still today,” Lexi Todd, VP, business affairs and legal at Primary Wave Music, said in a statement. “A counterculture icon and prime mover of Punk Rock.”
Ramone (Jeffrey Ross Hyman) died 4/15/01 in New York City due to complications from lymphoma, a form of cancer he had been battling for more than six years. He was 49.