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Tony Hawk on turning down $500,000 for Pro Skater: 'The best financial decision of my life' | CNBC (www.cnbc.com)

submitted 1 day ago by ElectroVagrant@lemmy.world to c/business@lemmy.world

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Skateboarding legend Tony Hawk once turned down half a million dollars in future royalties from the popular video game Pro Skater — and he says it was the “best financial decision” of his life.

Hawk was offered $500,000 in a one-time buyout deal for use of his name and likeness for Activision’s Pro Skater title, which was released in 1999.

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[–] Fiivemacs@lemmy.ca 17 points 1 day ago (1 children)

If a company is offering you a bout for anything, you're probably getting fucked.

[–] sugar_in_your_tea@sh.itjust.works 5 points 1 day ago* (last edited 1 day ago) (1 children)

Yeah, royalties or percent profits or GTFO.

[–] zipzoopaboop@lemmynsfw.com 10 points 1 day ago* (last edited 1 day ago)

Wrong, fancy accounting ensures no profits exist. Percent of gross income.

On paper, LOTR didn't make any money