Simon I 📽️🎹⚽️☘️🇮🇪 MD ANT

New Order's new company made £7.8 million in its first 4 years after Bernard Sumner, Stephen Morris and Gillian Gilbert re-formed the band in 2011 without their bassist, Peter Hook. Hook, who owned a quarter of the old company, got 1.25%. About £97,500, for the man who started Joy Division with Sumner in 1976. In the video below, Hook says: "You can't just take 31 years of someone's life and suddenly decide how much they're going to profit from it." Now 70, he is still "really hurt by what they did to me and my family." In 1992 the 4 of them set up a company to own the name, 25% each. Hook calls his 2007 exit a split, where everyone keeps a share. They say he left, and leavers usually keep none. His barrister called the 2011 move "clandestine, premeditated and deliberate" and put his loss at £2.3 million. They settled in 2017 and never said how much. The case for Sumner, Morris and Gilbert: Hook still gets his full share of royalties from the old records. "He left the band, and then he complained about leaving the band," Sumner said. If your band's name sits in a company, write down what "leaving" means. That word decided whether Hook kept 25 cents in the dollar or 1. So did New Order carry on after Hook walked away, or move the name so 31 years of his work paid him 1 cent in the dollar? I post one famous deal like this every day, with who got paid, who got played, and the numbers that never made the poster.