Alberto E. Richie Sambora is selling the rights to his nearly song catalog to song-acquisition investment company Hipgnosis Songs Fund, Hipgnosis announced on Monday. As the music industry ushered in a new era focused around streaming rather than physical sales and digital downloads, artists and songwriters have faced more questions about their revenues. When songwriters agree to sell to companies like Hipgnosis, they agree to a more immediate payout rather than rolling the dice on future royalties on their own. Song-acquisition companies take on that bet; the bigger the song, the more likely the returns.
Richard Stephen Sambora born July 11, is an American rock guitarist , singer, songwriter and producer, best known as the lead guitarist of the rock band Bon Jovi for 30 years. Sambora and lead singer Jon Bon Jovi formed the main songwriting unit for the band. He has also released three solo albums: Stranger in This Town in , Undiscovered Soul in , and Aftermath of the Lowdown released in September In , Sambora was inducted into the Rock and Roll Hall of Fame as a member of Bon Jovi,  and reunited with his former bandmates for a performance at the induction ceremony.
Jon Bon Jovi spoke about departed Bon Jovi guitarist Richie Sambora in a new interview with Pollstar, and he stated he would prefer to have Richie still in the band. We got it. I wish he was here, too, because we were a formidable duo. That's been toned down, Jon said. Touring to support the record was always in the back seat to writing and recording. So then you could go out every year and not wear out your touring markets, because every third year, that market would be ready for you again. Sambora has cited the band's previous month touring scheduled as part of his reasons for leaving in You come home: Blank changed.
On Saturday night at the Rock and Roll Hall of Fame induction ceremony in Cleveland, Richie Sambora took the stage with his former Bon Jovi bandmates for the first time in nearly five years. Richie, congratulations. How does it feel now that it happened? I figured that after million records and all the achievement we had, that eventually it would come to fruition, you know what I mean? The first moment of rehearsal, can you tell me a bit more about that? Was that when you first saw them again? You gotta remember, I was in that band for 31 years. I played those shows every night.