Jimi Hendrix, one of the greatest guitarists ever, left a huge mark on music. Even though he died in 1970, his name and music still make a lot of money through different businesses and products. In this article, we will take a look at what his legacy looks like and where his name helps bring in the bacon:
Money and Estate Management
When Hendrix died, he wasn’t very rich, with about $20,000, which is like $150,000 today. Now, his estate is worth around $175 million. This growth happened because his music and brand were managed well. Mainly from songs, merchandise, and deals.
After he died, his father Al Hendrix took care of his estate. When Al passed away in 2002, Jimi’s adopted sister Janie Hendrix took over. Despite many legal fights, Janie has grown the estate’s value through partnerships and projects that honor Jimi’s legacy.
Business and Licensing
The Jimi Hendrix brand is involved in many businesses. His music is used in TV ads, movies, and video games. For example, “Voodoo Child (Slight Return)” was in an Acura ad and “Purple Haze” was in a Minions movie. His songs are also in movies like Forrest Gump and Wayne’s World.
Brands like Guitar Center, eBay, and Chanel have used Hendrix’s music and image. Chanel used his song “Eléctrico” in their “Bleu de Chanel” commercial proving his music still appeals to people today.
Jimi Hendrix even got his own online slots game. The Jimi Hendrix Slot by NetEnt is a fun online game celebrating the famous rock star. It has pictures from his career and plays his well-known songs. Players can enjoy special features like re-spins and bonus rounds inspired by his music. This is just one example of how Jimi Hendrix’s legacy fits into today’s entertainment world.
Merchandise and Authentic Hendrix Store
Selling merchandise is a big part of the Hendrix business. The official Hendrix store, Authentic Hendrix, offers various products, including vinyl records, memorabilia, bobble heads, wall art, high-quality clothing, home goods, tech items, and even pet products.
Media Presence and Cultural Impact
Hendrix’s influence is also strong in media and culture. Documentaries and movies about him like “Jimi: All Is by My Side” introduce his story to new people. The Experience Hendrix Tour where various artists perform his music is another example of how loved he still is.
Jimi Hendrix’s songs, like “All Along the Watchtower” in “Forrest Gump” and “Purple Haze” in “Apocalypse Now,” are often used in movies and TV shows. This helps his estate cashing on a lot of revenue to his empire and keeps his music popular with new listeners.
Don Santo once said that “Good music never dies,” and the Jimi Hendrix business empire is a testament to that. Smart management and various ventures keep his legacy alive and profitable. Music royalties, licensing deals, merchandise, and digital games help the Hendrix estate celebrate and remember his groundbreaking music that is loved by so many. And it will continue to be enjoyed by fans for generations to come.
