Thread: Ziggy at 60
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Old 08-01-07, 08:47 PM   #2
theknife
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Join Date: Dec 2001
Location: Promontorium Tremendum
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imho, one of the most interesting things David Bowie has done is this:
Quote:
The Sound of Money
Once money consisted of gold or silver, or paper backed by precious metals. Today it is increasingly intangible. In 1997 a new meaning was given to the expression sound money when a method of turning music into credit was invented. David Bowie was the first singer to issue bonds using future royalties as security.

David Pullman, the banker who planned the deal, was hailed by Time magazine as one of tomorrow's hundred most influential innovators.

Following in Bowie's footsteps other stars have turned music notes into bank notes and the idea of using asset backed securities as a means of raising finance has also been applied to other forms of entertainment ranging from Hollywood films to the 2002 Football World Cup in Japan and South Korea.
http://www.ex.ac.uk/~RDavies/arian/bowiebonds.html
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