• While the members of Metallica may have a hardened, heavy metal image, their longevity can likely be attributed to the fact that they’re actually good businessmen at their core.
  • For proof, look no further than the band’s new investment into a multi-million dollar venture that’s set to snatch up song catalogs to profit from the royalties. The Worldwired IP Fund claims to have between $300 million and $500 million at its disposal, which it will use to purchase the rights to classic rock songs, according to a statement released by the fund.
  • The fund’s other investors include Metallica co-manager Cliff Burnstein, form Fender guitar president Matt Janopaul and ex-Sony co-president Rick Krim, Worldwired officials say.
  • Can a rock star have a long career if he or she behaves like a stereotypical rock star in real life? Are the most success rock stars usually nothing like their public personas?