guns n'roses Axl's Alienating Deal

from yahoo

By Charlie Amter

Has Axl Rose been studying How to Lose Friends and Alienate People?

The famously reclusive rocker signed a multimillion-dollar publishing deal last month with the Sanctuary Group--much to the chagrin of former Guns N' Roses bandmates not in on the deal.

The nearly $20 million dollar publishing deal with Sanctuary, announced late last week, spans GNR's entire back catalog, including such megahits as "Sweet Child of Mine" and "Welcome to the Jungle."

Sanctuary Group, which is currently expanding its publishing arm, also works with artists such as KISS, Morrissey and Lou Reed. Rose's deal with the company's publishing unit, Sanctuary Group PLC, will also cover potential future royalties from forthcoming material, should his comically long-delayed GNR record, Chinese Democracy, ever receive airplay upon its theoretical release.

Warner/Chappell previously looked after the band's publishing interests.

The original members making up Guns N' Roses drifted apart in the mid-1990s--leaving the band's legacy perennially in dispute between former members Slash, Duff McKagan and Izzy Stradlin (Slash and Duff now play in Velvet Revolver) and Rose, who continues to play (or not play as is more often the case) under the GNR banner.

Slash and McKagan filed a still-pending lawsuit against Rose in 2004 over who controls the rights to GNR's money-generating back catalog. The band's studio albums have all gone multiplatinum and its songs are among the most-requested in the publishing biz. GNR tunes recently turned up--along with Axl's vocal acting talents--in 2004's biggest videogame release, Grand Theft Auto: San Andreas.

McKagan's lawyer, Glen Miskel, was caught unaware of the deal, per an Associated Press report Tuesday.

Miskel claims Rose, Slash and Duff are part of a partnership and "neither Sanctuary nor Axl Rose have provided the remaining partners with a copy of that agreement."

Although Rose seems to be acting on his own in signing the new GNR deal, Miskel says the "November Rain" singer has no authority to do so.

Meanwhile, Tommy Stinson, sometime GNR bassist and former member of Minneapolis rock legends the Replacements, told the New York Daily News last week that the revamped GNR is nearly finished with Chinese Democracy.

However, fans of the band long ago learned not to hold their breath regarding news of an imminent release of any new GNR studio set.

Despite the band's open feuding, Duff, Slash and Rose joined up last year to sue Universal to block the release of Greatest Hits. The band lost, and the album wound up debuting at number three on the Billboard 200 and going platinum.

You'd think it'd be worth more than $20 million...

Quote:

---

Originally Posted by Tequila Zaire

You'd think it'd be worth more than $20 million...

---

Yeah, I'd kind of like to know what the deal covers and how they are calculating that figure before forming an opinion. I guess Duff and Slash feel the same way though.

maybe it's a typo and they meant $200 million? I'm sure whatever legal action is being taken by the former band mates will keep this all up in the air for a bit...sad really...it's like watching parents fight over the custody of kids.