Joey Ramone’s Estate Sells Music Edition for Millions

Joey RamoneThe estate of sold his music edition for $10 million. According rolling stone, the deal was part of a larger partnership between independent publisher Primary Wave Music and investment firm Brookfield Asset Management worth $2 billion. Primary Wave Muisc also obtained non-exclusive rights to use Ramone’s name and likeness in the deal.

“I am pleased to welcome Primary Wave as a partner in my brother’s interests in Ramones“, Joey Ramone’s brother, Mitchel Hyman, said in a statement. “I am deeply convinced of their eagerness to carry on his legacy and their sincerity in doing so in a way that will never compromise his credibility. I really look forward to working with them.

“Joey Ramone was a total original – his songwriting, style and voice are undeniably unique and instantly recognizable even today,” said Lexi Todd, vice president, business and legal affairs at Primary Wave Music, in a statement. “A counterculture icon and driving force behind punk rock, Ramones demonstrated first-hand the power of music to influence culture and built a foundation that has influenced decades of musicians.”

Joey was the lead singer and founding member of Ramones. He co-wrote some of the band’s best-known songs, including “I Wanna Be Sedated”, “Judy Is a Punk”, “Beat on the Brat”, “Do You Remember Rock ‘n’ Roll Radio?” and “Rock n’ Roll High School”. Following his death in 2001, a pair of posthumous solo albums were also released.

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