MORE Indie Invaders / POSTED BY: KINGSOFAR

Coolfer: Billboard (the print version only) offered details of Korn’s two-album, revenue-sharing deal with EMI (the article is republished at Korn Underground, via from Blabbermouth). EMI purchased a 30% stake in Korn’s revenues (touring, merch, recorded music, etc) for $25 million. The deal goes through 2010.

“To date, Billboard projects it has generated around $15 million on the sales of ‘See You on the Other Side’ (based on worldwide sales of about 2 million units and estimating a net of about $7.75 per album after manufacturing and distribution costs, based on an $11.45 wholesale price).The band has also pulled an estimated $4 million after fees from additional sales of digital downloads, ringtones and the ‘Unplugged’ album. On top of that it has netted a projected $7 million-plus after expenses in touring-related revenue from the 2006 Family Values Tour and a 20-date U.S. theatre tour and selected European dates that grossed more than $11 million in box-office receipts.

Tour sponsorships and merch pulled in another estimated $2.2 million. That leaves the band still needing to earn another $20 million-$30 million in profits by 2010.”

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