# Ep.537 David Bowie Turned Future Royalties Into $55 Million Today

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Text version: https://stenobird.com/podcast/good-morning-money-6980643/ep-537-david-bowie-turned-future-royalties-into-55-million-today.md
Podcast: [Good Morning, Money!](https://stenobird.com/podcast/good-morning-money-6980643)
Published: 2026-08-24T13:00:00+00:00
Episode link: https://www.buzzsprout.com/2406281/episodes/19691457-ep-537-david-bowie-turned-future-royalties-into-55-million-today.mp3
Audio file: https://www.buzzsprout.com/2406281/episodes/19691457-ep-537-david-bowie-turned-future-royalties-into-55-million-today.mp3
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Duration seconds: 81

## Resource

Most business owners assume they have to wait for future revenue to arrive one payment at a time. David Bowie proved otherwise. In 1997, he bundled the future royalty income from 25 albums into a new financial instrument and raised $55 million upfront. Instead of selling away the underlying copyrights, he converted predictable future cash flow into immediate liquidity. In today’s episode, we break down why recurring revenue can be more than income—it can become a financeable asset, and why un...

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