Asset Entities Acquires 50% Ownership of Film, TV, Streaming, and Media Rights to Music Icon Jeff Blue’s Linkin Park Story, One Step Closer: From Xero to #1: Becoming Linkin Park
Asset Entities (NASDAQ: ASST) has acquired a 50% ownership of film, TV, streaming, and media rights to Jeff Blue's story 'One Step Closer: From Xero to #1: Becoming Linkin Park'. The agreement includes Blue writing the screenplay, expected to be completed by February 2025. The story chronicles Blue's journey in discovering and developing Linkin Park, leading to their debut album Hybrid Theory becoming the best-selling debut rock album of the 21st Century. The band has sold over 100 million albums and 30 million singles worldwide. Asset Entities views this acquisition as a potential significant revenue generator, given Linkin Park's massive global fanbase.
Asset Entities (NASDAQ: ASST) ha acquisito una proprietà del 50% sui diritti di film, TV, streaming e media riguardanti la storia di Jeff Blue 'One Step Closer: From Xero to #1: Becoming Linkin Park'. L'accordo prevede che Blue scriva la sceneggiatura, che dovrebbe essere completata entro febbraio 2025. La storia racconta il percorso di Blue nella scoperta e nello sviluppo dei Linkin Park, portando al loro album di debutto Hybrid Theory, diventato il miglior album rock di debutto del XXI secolo. La band ha venduto oltre 100 milioni di album e 30 milioni di singoli in tutto il mondo. Asset Entities considera questa acquisizione come un potenziale generatore di reddito significativo, data l'enorme base di fan globale dei Linkin Park.
Asset Entities (NASDAQ: ASST) ha adquirido un 50% de propiedad de los derechos de película, TV, streaming y medios sobre la historia de Jeff Blue 'One Step Closer: From Xero to #1: Becoming Linkin Park'. El acuerdo incluye que Blue escriba el guion, que se espera esté terminado para febrero de 2025. La historia narra el viaje de Blue en el descubrimiento y desarrollo de Linkin Park, lo que llevó a su álbum debut Hybrid Theory a convertirse en el álbum de rock debut más vendido del siglo XXI. La banda ha vendido más de 100 millones de álbumes y 30 millones de sencillos en todo el mundo. Asset Entities ve esta adquisición como un posible generador de ingresos significativo, dada la enorme base de fans global de Linkin Park.
자산 엔터티(NASDAQ: ASST)는 Jeff Blue의 이야기 'One Step Closer: From Xero to #1: Becoming Linkin Park'의 영화, TV, 스트리밍 및 미디어 권리에 대해 50%의 소유권을 인수했습니다. 이 계약에는 Blue가 시나리오를 작성하는 것이 포함되어 있으며, 2025년 2월까지 완료될 예정입니다. 이 이야기는 Linkin Park를 발견하고 발전시키려는 Blue의 여정을 다루고 있으며, 그 결과 그들의 데뷔 앨범 Hybrid Theory가 21세기 최다 판매된 록 앨범이 되었습니다. 이 밴드는 전 세계적으로 1억 장 이상의 앨범과 3000만 곡 이상의 싱글을 판매했습니다. 자산 엔터티는 Linkin Park의 방대한 글로벌 팬층을 감안할 때, 이 인수를 잠재적 중요한 수익 창출원으로 보고 있습니다.
Asset Entities (NASDAQ: ASST) a acquis un 50 % de propriété des droits de film, de télévision, de streaming et de médias sur l'histoire de Jeff Blue 'One Step Closer: From Xero to #1: Becoming Linkin Park'. L'accord stipule que Blue écrira le scénario, qui devrait être terminé d'ici février 2025. L'histoire décrit le parcours de Blue dans la découverte et le développement de Linkin Park, conduisant à leur album debut Hybrid Theory, qui est devenu le meilleur album rock de debut du XXIème siècle. Le groupe a vendu plus de 100 millions d'albums et 30 millions de singles dans le monde entier. Asset Entities voit cette acquisition comme un générateur potentiel de revenus significatifs, compte tenu de l'énorme base de fans mondiale de Linkin Park.
Asset Entities (NASDAQ: ASST) hat 50% Eigentum an den Film-, TV-, Streaming- und Medienrechten an Jeff Blues Geschichte 'One Step Closer: From Xero to #1: Becoming Linkin Park' erworben. Die Vereinbarung umfasst, dass Blue das Drehbuch schreibt, das bis Februar 2025 fertiggestellt werden soll. Die Geschichte beschreibt Blues Reise zur Entdeckung und Entwicklung von Linkin Park, was dazu führte, dass ihr Debütalbum Hybrid Theory das meistverkaufte Debüt-Rockalbum des 21. Jahrhunderts wurde. Die Band hat weltweit über 100 Millionen Alben und 30 Millionen Singles verkauft. Asset Entities betrachtet diese Akquisition als potenziellen bedeutenden Einnahmewert, angesichts der massiven globalen Fangemeinde von Linkin Park.
- Acquired 50% ownership of media rights to a successful story about Linkin Park, a band with 100M+ album sales
- Potential significant future revenue stream from film/media adaptation rights
- Strategic expansion into entertainment content ownership
- Agreement includes screenplay development by Jeff Blue, due February 2025
- Acquisition cost not disclosed
- Revenue generation timeline uncertain
- Success dependent on future media adaptation deals
Insights
The acquisition of 50% ownership in Jeff Blue's Linkin Park story rights represents a strategic move into high-value entertainment IP. The timing is particularly opportune with Linkin Park's new album release and upcoming 2025 world tour, which could significantly amplify interest in the adaptation. The story's potential market reach is substantial, considering Linkin Park's massive global fanbase (100 million albums and 30 million singles sold) and the book's translation into seven languages.
The planned screenplay completion by February 2025 positions Asset Entities to capitalize on the current music biopic trend, following successful films like "Bohemian Rhapsody" and "Rocket Man." The project's value is enhanced by Jeff Blue's direct involvement in screenplay development, bringing authenticity and insider perspective that could attract major studios or streaming platforms.
This rights acquisition represents a potentially transformative asset for ASST, a company traditionally focused on digital marketing and Discord services. The deal structure, securing 50% ownership of all film, TV, streaming and media rights, provides multiple monetization avenues. The story's appeal extends beyond just Linkin Park fans, encompassing themes of persistence through 44 showcase rejections and the broader music industry narrative.
The timing of the acquisition aligns with the growing demand for music-related content across streaming platforms. Given Linkin Park's accolades (2 Grammys, 6 American Music Awards) and cultural impact, this IP could command significant licensing fees from major entertainment companies seeking compelling content for their platforms.
DALLAS, Nov. 26, 2024 (GLOBE NEWSWIRE) -- Asset Entities Inc. (“Asset Entities” or the “Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced it has signed an agreement with its Head of Entertainment, Jeff Blue, and has acquired a fifty percent (
Blue’s inspirational story chronicles how he discovered and developed Linkin Park, overcoming the odds, enduring 44 showcase rejections from almost every record label in the world. Blue served as the band’s music publisher at Zomba Music, Executive Producer of Hybrid Theory, and Vice President of A&R at Warner Bros. Records where he ultimately signed the band. Despite the rollercoaster ride of switching the band’s singer, bass player, three band name changes, and almost being dropped by Blue’s boss, the band’s debut album, Hybrid Theory, remains the biggest-selling debut album of the 21st century.
Blue hired founding member Brad Delson as his intern after meeting Delson at a class Blue taught at UCLA in 1997 and discovered the late Chester Bennington in Phoenix in 1999 and brought him in as the new lead singer. The band ultimately changed their name from Xero to Hybrid Theory, and then to Linkin Park in 2000. Linkin Park is one of the world’s best-selling music artists, having sold over 100 million albums and 30 million singles worldwide with Hybrid Theory becoming the best-selling debut rock album of the 21st Century. The band has won two Grammy Awards, six American Music Awards, two Billboard Music Awards, four MTV Video Music Awards, 10 MTV Europe Music Awards, and three World Music Awards.
Per the agreement, Asset Entities has also engaged with Mr. Blue to write the screenplay, with an anticipated completion date by the end of February 2025. Published by Simon & Schuster/Posthill Press in 2020, One Step Closer: From Xero to #1: Becoming Linkin Park has been translated into seven different languages. Most recently, the band announced a massive 2025 worldwide tour in support of its new album, “From Zero,” released on November 15, 2024.
“We are thrilled at Asset Entities to finalize this agreement and complete this acquisition,” said Executive Chairman, Michael Gaubert. “Given the amazing worldwide popularity of both Linkin Park and Jeff Blue’s One Step Closer, we are optimistic that such an inspirational story deserves a film/media adaptation and will be a ‘must-see’ by the many millions of the band’s fans around the world.”
Gaubert tells the story of Jeff Blue’s quote about Linkin Park and the album Hybrid Theory becoming such a success, where Blue said, “you never know when your life is going to line up just perfectly enough so you can walk into your own future.”
“Acquiring half of the film, TV, streaming, and media rights to this story, we believe, is an incredible asset that may result in significant revenue for Asset Entities in the future,” said Gaubert.
Indeed, Jeff Blue’s work as a producer and A&R executive in the music industry has resulted in sales of over 160 million albums worldwide, with over 50 signed artists, over 60 publishing deals, and hundreds of film & TV placements.
Today’s news follows Asset Entities’ announcement on October 14, 2024, that it had signed with another Jeff Blue artist Grammy Award-winning R&B and soul singer, songwriter, producer and actress Macy Gray, to Design, Develop, and Manage her server on the Discord social community platform.
To learn about Asset Entities, please go to www.assetentities.com. To learn about the Ternary payment platform, please go to www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to https://www.ae360ddm.com/ and https://discord.gg/ae360ddm.
About Asset Entities, Inc.
Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.
Important Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to the Company. Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statements that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including those that are described in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.
Company Contacts
Arshia Sarkhani, President and Chief Executive Officer
Michael Gaubert, Executive Chairman
Asset Entities Inc.
Tel +1 (214) 459-3117
Email Contact
Investor Contact
Skyline Corporate Communications Group, LLC
Scott Powell, President
1177 Avenue of the Americas, 5th Floor
New York, NY 10036
Office: (646) 893-5835
Email: info@skylineccg.com
FAQ
What media rights did Asset Entities (ASST) acquire for Jeff Blue's Linkin Park story?
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