Ever Heard of Bowie Bonds?
“Bowie Bonds” served as an early example of celebrity bonds – asset-backed securities of current and future revenues of the 25 albums (287 songs) that David Bowie recorded before the year 1990. Issued in 1997, these bonds were bought for $55 million by the Prudential Insurance Company of America.
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Ever heard of BowieNet? As weird as it may sound, Bowie launched an Internet service provider called BowieNet in 1998. The dial-up service was developed in conjunction with Robert Goodale and Ron Roy. BowieNet subscribers were offered exclusive content as well as the BowieNet email address and, of course, internet access. Not surprisingly, the service was closed by 2006.
And there you have it, folks! I bet you learned something new today.