Plus   Neg

Rights To Judas Priest Back Catalog Up For Grabs

kk.downing 013018 lt

A share of the rights to over 130 Judas Priest tracks are set to be sold following the closure of founding member K.K. Downing's luxury golf course, Astbury Hall, located in Shropshire, England.

The business recently fell into administration (similar to Chapter 11 insolvency) and the 320-acre estate was put up for immediate sale with an asking price of more than $13.5 million. The next part of the bankruptcy process involves the sale of Downing's share of the royalty rights to 136 Judas Priest songs, which administrators FRP Advisory LLP say generates between $340,000 and $400,000 per year.

Commenting on the sale of rights from Downing's back catalog, joint administrator Alastair Massey called it "a unique investment opportunity" from one of the "driving influences" of the band's success.

Among the over 130 songs are some of Judas Priest's biggest hits, including "Breaking The Law," "Living After Midnight" and "Painkiller."

For comments and feedback contact: editorial@rttnews.com

Entertainment News

Follow RTT