K.K. DOWNING SELLS THE RIGHTS OF HIS SONGS

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According to Billboard, a share of JUDAS PRIEST’s back catalogue has been put on sale.
Available for purchase is a portion of the rights of 136 songs, including classic tracks like “Breaking The Law” and “Living After Midnight”, said to be worth between £250,000 (approximately $337,000) and £300,000 (approximately $405,000) a year.
The move follows last year’s announcement that original PRIEST guitarist K.K. Downing’s luxury golf resort fell into administration (similar to Chapter 11 insolvency in the U.S.). As a result, the 320-acre estate, located in Shropshire, England, was put up for immediate sale with an asking price of more than £10 million ($13.5 million).
“As part of the administration process, we are selling the rights owned by Ken Downing Ltd. to 136 tracks, which provide a unique investment opportunity.”