Ashley D. MacIsaac is taking an unorthodox approach to signing a record deal. The bankrupt 33 year old, Canadian-born, fiddle-playing man has decided to put 50% of his future earnings for sale on eBay Inc. (NASDAQ:EBAY) at a starting price of $1.5 million Canadian dollars.
MacIsaac danced to Celtic music on Late Night With Conan O’Brien in 1997. On that same taping, MacIsaac exposed himself when kicking up while wearing a kilt. “I’m 33, I have at least a good 40 years of earning power ahead of me and I think it’s (C$1.5 million) a reasonable starting point,” stated MacIsaac during a phone interview with Reuters.
“I’m not David Bowie, I’m not Madonna, I’m not Eminem, I’m Ashley MacIsaac, so to set a price at that (C$1.5 million), I thought, was fair market value,” added MacIsaac. Madonna made a similar deal worth over $100 million when she signed with Live Nation Inc. David Bowie also issued bonds of future royalties for his future hits as well.
The winning bidder will get half of the profits made from the Celtic singers music album sales, movies, DVDs, and other publications until MacIsaac retires. The first 10 albums created by MacIsaac was distributed through Universal Music Group.