Metallica are in massive debt

Discussion in 'The Howard Stern Show' started by greyt, Mar 20, 2015.

  1. greyt

    greyt Well-Known Member

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    Metallica are in massive debt, according to the band’s biographers
    Published: March 20, 2015
    Following a series of disastrous financial decisions, Metallica find themselves in severe debt. This according to the band’s biographers, Paul Brannigan and Ian Winwood.
    In an interview with literary magazine Weeklings, Brannigan and Winwood claim “Metallica have lost more money than they’ve made” since 2010. Both installments of the band’s Orion Music + More Festival “were disastrous financially,” and the band’s recent concert film Through the Never ended up costing nearly $32 million.
    “Factor in HQ staff salaries, crew retainers, and assorted running costs associated with maintaining an entertainment corporation and you can easily understand why the band — of necessity now rather than by choice — are driven to tour Europe every summer,” Brannigan and Winwood added.
    Metallica are currently holed away in the studio, working on their long-awaited follow-up to 2008’s Death Magnetic. They do, however, have several upcoming gigs scheduled, including a headlining slot at Rock in Rio USA and a string of European tour dates this summer. They also recently received a big pay day by playing a private show for Salesforce.com CEO Marc Benioff last month. Live audio from that performance has since been available as a free download through the band’s website.




    http://www.bandmine.com/news/159/me...bt_according_to_the_bands_biographers/1383742
     
  2. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Why in the world would THE BAND finance these things?

    Do you think Tom Cruise funds his movie projects?
     
  3. UpInSmoke123

    UpInSmoke123 Well-Known Member

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    I bet the new album will be great. Nothing gets the creative juices flowing like financial desperation.
     
  4. crazypreacher

    crazypreacher Maker of Lists Gold

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    No they aren't. Since 2010 they had a couple of projects tank.
     
  5. Murcielago

    Murcielago Smoke me a kipper, I'll be back for breakfast

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    I trust the individual band members keep their own finances separate from whatever corporate entity under which the band does business.
     
  6. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez

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    Actually, TC produces his projects, takes no fee and gets a piece of the pie. He made $90M+ for Mission Impossible, but yes, it's not his money at stake.

    What really got my attention is that it cost $32M to produce a concert film. That's really fucked up. Bieber's concert film cost $13M and it was 3-D and Mileys concert film cost $7M

    http://www.boxofficemojo.com/movies/?id=bieber3d.htm.

    http://en.wikipedia.org/wiki/Hannah_Montana_and_Miley_Cyrus:_Best_of_Both_Worlds_Concert
     
    nxridge and EndOfLine like this.
  7. Murcielago

    Murcielago Smoke me a kipper, I'll be back for breakfast

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    I assume they arrogantly figured everything would be a wild success and they wanted to keep all the profits.
     
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  8. Hugh Blowmont

    Hugh Blowmont Just be funny

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    Im sure the spending habits of their cunt wives isnt helping...

    [​IMG]
     
  9. x76

    x76 Well-Known Member

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    lol they need a few Jews on staff to keep the money rolling...

    Oh FUCK was that not PC? Tough shit
     
  10. MyLazyHand

    MyLazyHand Russia and France Know What to Do

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    Being a "Producer" and funding a film are two totally different things.

    Mel Gibson funded "The Passion" to the tune of roughly $50 million and made his money back many times over. Tom Cruise doesn't put up cash for his movies.
     
  11. Rupert Pupkin

    Rupert Pupkin That Ass is Attached to Daniela Lopez

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    I added that to my post a few minutes ago.
     
  12. Ingens

    Ingens VIP Extreme Gold

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    They need to appear on Wiggy's show to "move the needle".
     
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  13. dexterdog

    dexterdog Well-Known Member

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    I don't think Metallica is that big of a deal. Their sound is boring and repetitious. They're quite shit actually. There, I said it. Let their legions of fans come after me with torches and pitchforks. Tough noogies.
     
  14. JohnnyDollar

    JohnnyDollar Racist Banned User

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  15. EndOfLine

    EndOfLine PLATINUM SPONSOR VIP

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    Knew I'd see this image... 'Bargains... Imprisoning me!'
     
  16. zerokarma

    zerokarma Well-Known Member

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    As much as I hate Howard, he is right with respect to getting other people to finance/pay the costs for you rather than risk your own money.

    It's ok to risk a little bit of money sometimes but never to the point it will ruin you financially.
     
  17. johnfreeman1

    johnfreeman1 Well-Known Member

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    Metallica are terrible
     
  18. God

    God Well-Known Member

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    Overrated band.
     
  19. Turkeyneck

    Turkeyneck Howard's got one, not me Gold

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    'long awaited follow up'?
    who's waiting for anything by them nowadays? after Justice, I stopped giving a shit.
     
  20. Zyro

    Zyro Well-Known Member

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    Their first 4 albums are untouchable. If you don't like them then you just don't like that genre to begin with. If you took the first 4 albums out of the equation, they wouldn't nearly be as big today, so in that sense, they are overrated at this point.