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KK Downing Sells His Share of Judas Priest Royalty Rights to Round Hill Music



Kenneth "KK" Downing

​​

founders of Judas Priest, sold his

copyrights on the group's songs due

to financial problems

According to Billboard, Round Hill Music was the one who acquired his copyrights and thereby a significant participation in the Judas Priest catalog - Kenneth was responsible for composing most of the group's songs from "Rocka Rolla" (1974) to "Nostradamus" (2008).

According to a survey by FRP Advisory LLP, rights granted generate something between $ 340,000.00 and $ 400,000.00 per year in royalties (an approximate amount of between R $ 1,280,000.00 and R $ 1,510,000.00 ).

Kenneth invested millions at a luxury resort, Astbury Hall, in Shropshire, England (if you google it, you'll see it's owner name). The resort has a huge 18-hole golf course, and even though it was well-rated in the specialized environment, it had been collecting constant losses. Because of this, the musician filed for bankruptcy last year.

The property is for sale for an estimated £ 10 million (approximately R $ 49.5 million). On the site of the development , you can see all the luxury and beauty of the place

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