Monday, November 2, 2009

Bob Marley makes $600 million a year...bootlegged


Heirs of the Jamaican reggae legend are plunging into the global trademark wars, seeking to enforce their exclusive rights to an image that has grown steadily in scope and appeal since the Jamaican superstar died of brain cancer in 1981 at age 36.

The Marley name, look and sound are estimated to generate an estimated $600 million a year in sales of unlicensed wares. Legal sales are much smaller — just $4 million for his descendants in 2007, according to Forbes magazine. The Marleys refuse to give a figure.

After 28 years the family has hired Toronto-based Hilco Consumer Capital to protect their rights to the brand. Hilco CEO Jamie Salter believes Marley products could be a $1 billion business in a few years. "The family managed all the rights before Hilco was brought on board," said Marley's fourth son, Rohan. "We didn't have a real good grasp on the international scope prior to Hilco, nor the proper management."

The partnership is creating a new line of products dubbed "House of Marley" and will police the trademark vigilantly. Snowboards and tropical Jamaica may seem an odd pairing, but they're among a wide variety of planned merchandise featuring the dreadlocked musician's image, name or message — backpacks, stationery, headphones, musical instruments, restaurants.

Items are expected to hit the market in mid-2010.

2 comments:

  1. they'll probably do like Paul Neumann and make Marley Chronic Jerk Chicken Marinade and Blue Mountain Marley Bold Coffee and Birds Eye WeBeJammin'Rice and Pea Steamers...

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  2. I'm glad the family finally got some sound advice. Marley could be one of the top-earning dead celebrities. People love him all over the world.

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