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Joey Ramone Estate Sells Punk Story’s Tune Publishing for $10 Million

Ramones singer’s songwriting credit ranking consist of “I Wanna Be Sedated,” “Rock n’ Roll High School” and “Judy Is a Punk”

Daniel Kreps
Oct 08, 2022

The property of Joey Ramone has agreed to promote a stake of the punk tale’s song publishing rights for $10 million.

The acquisition used to be share of a increased $2 billion partnership between self reliant creator Main Wave Tune and investment company Brookfield Asset Management, the Wall Avenue Journal experiences. As wisely as to acquiring Ramone’s publishing, Main Wave additionally secured non-odd rights to utilize Ramone’s name and likeness.

“I’m gay to welcome Main Wave as companions in my brother’s interests in Ramones,” Joey Ramone’s brother Mitchel Hyman (a.ok.a. Mickey Leigh) acknowledged in an announcement. “I’m completely convinced of their eagerness to perpetuate his legacy, and their sincerity about doing it in a single way that’s no longer going to ever compromise his credibility. I, very grand, am having a sight forward to working with them.”

Whereas Joey Ramone, born Jeffrey Hyman, used to be no longer the Ramones’ main songwriter, the singer penned loads of the band’s most enduring songs, at the side of “I Wanna Be Sedated,” “Judy Is a Punk,” “Beat on the Brat,” “Swallow My Satisfaction” and “Rock n’ Roll High School.” A pair of posthumous solo albums were additionally released following Ramone’s loss of life in 2001 at the age of 49.

“Joey Ramone used to be a entire celebrated—his songwriting, model, and enlighten are all undeniably extraordinary and as we order recognizable aloof as of late,” Lexi Todd, VP, Commerce Affairs & Upright at Main Wave Tune, acknowledged in an announcement (by way of Form). “A counterculture icon and top mover of punk rock, Ramones demonstrated first-hand the energy of song in influencing culture and built a foundation that has influenced decades of musicians.”

Whereas classic rock icons have scored rights deals which have in most cases exceeded triple-digit millions — at the side of most these days Phil Collins and Genesis, who scored $300 million from Harmony — the Ramone deal marks one amongst the critical for a punk artist. Main Wave has beforehand received the song and/or publishing rights to artists relish PrinceJames BrownAlice in Chains, and the Strokes’ Julian Casablancas.

From Rolling Stone US.

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