Why Gordon Lightfoot’s Kids Won’t Inherit His Millions
Ойын-сауық
In this enlightening video, we delve deep into the life and legacy of one of folk and country music's most influential figures, Gordon Lightfoot. Known for his poetic songwriting and soulful melodies, Lightfoot left an indelible mark on the music industry before his passing at the age of 84 on May 1, 2023.
▬Contents of this video▬
00:00 - Intro
00:29 - “Canada’s Bard” Sings His Last Song
02:59 - Gordon Left Behind Six Children
05:44 - Streams Spiked By 300 Percent Following His Death
07:00 - His Music Catalog Was Recently Sold
08:34 - Outro
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We start by paying tribute to the man behind the music, highlighting his incredible journey from a young musician in Canada to a global icon. We delve into his standout songs like "Sundown" and "If You Could Read My Mind" which have captivated millions and discuss how his music's popularity surged posthumously, echoing his timeless appeal.
The video then navigates the recent complex turn of events - the sale of the commission rights to some of Lightfoot's music by the ICM Crescendo Music Royalty Fund. This sale has significant implications for Lightfoot's six children - Fred, Ingrid, Gaylen, Eric, Miles, and Meredith - and the inheritance they stand to receive.
We explain how the sale of these rights, originally held by Lightfoot's former manager Albert Grossman, affects the Lightfoot family's potential income from Gordon's music. We bring in expert insights to demystify the complexities of music rights and royalties, illustrating how the business side of the music industry operates even after an artist's demise.
Whether you're a longtime Gordon Lightfoot fan, a music industry enthusiast, or someone interested in the intersection of music and law, this video offers valuable insights. Join Facts Verse in exploring the fascinating narrative of Gordon Lightfoot's enduring legacy and the future of his music in the wake of his death.
Why Gordon Lightfoot’s Kids Won’t Inherit His Millions
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@lin9821
11 ай бұрын
I’ve had a lifelong interest in the Mighty Fitz after I heard his song about it when I was 15. I live in Scotland so it was never on the news here. My heart goes out to all 29 that were lost, and to those of other Great Lakes tragedies ❤️❤️❤️
Gordon was always financially shrewd. He had Real Estate holdings as well as being worth over 30 Million dollars. His family was his top priority. They will not be left out in the cold. Neither will his band members and business people. He was a generous guy in real life.
@ethanshelbyskateboarding9980
7 ай бұрын
If his family is top priority then why won't his children inherit any of his millions?
@trudigoodman4825
6 ай бұрын
@@ethanshelbyskateboarding9980 They won't need to if he set up Living Trusts for them. He may have earmarked the other monies for philanthropy. He was a very shrewd business man. He did always fund and support many issues, including Environmental Issues and First Nation Issues. All of his kids make their own livings. Lightfoot was a self-starter. Why wouldn't they be. And it was his money to do with as he deemed. So truly not my or your business.
@ethanshelbyskateboarding9980
6 ай бұрын
@@trudigoodman4825 p
@lightfootfan
15 күн бұрын
@@ethanshelbyskateboarding9980 this is all made up stuff. they have my picture with gordon saying i am his wife. lol.. as if.. friends yes, married..nope.
@ethanshelbyskateboarding9980
15 күн бұрын
@@lightfootfan no it's not made up
Glad I saw him live in my town of Peterborough, Ontario. Every song he sang was a classic. Incredible talent. RIP Gord.
A year ago I heard "Pussy Willows, Cat-Tails" for the first time and it knocked me over. It suddenly became my all time favorite song. I saw Gord last September 23 for my wife and my anniversary. The best tribute I've heard/read in recent weeks is he wanted all of the players in his band to sound like one guitar. What a perfect description.
@davidholton9667
Жыл бұрын
Hello how are you? So sorry for the infringe on your privacy. Beautiful song
Lightfoot was my favourite folk singer and "If You Could Read My Mind" was my favourite song. RIP.
I sang "Beautiful" to my new bride at our wedding dinner gathering. If you don't know the song, you should. Stunning. I also like performing "If You Could Read My Mind" and Carefree Highway." RIP, sir. You have served us well.
My Sister got on the Gordon Lightfoot music journey with the album “Dream street Rose” ,l especially love the song “ If you need me”,his voice is so definitive in the song for. R.I.P Gordon. Thanks for your Brilliance!!!!
My life wouldn't have been the same without Gord and his awesome music. I discovered him in high school when "If You Could Read My Mind" was a hit. I love all his songs but "Song for a Winter's Night" is a favorite!
R.I. P Gordon you had a beautiful voice and never was a disappointment.
@FactsVerse
Жыл бұрын
Thank you so much for your message for Gordon. Which of his songs appealed to you the most?
@sandidavis820
Жыл бұрын
@@FactsVerse I can't choose, each one was special.
Gordon Lightfoot had a way of touching all the feels when he sang. Sundown is such a beautiful song, as are all his songs. If You Could Read My Mind is my very favorite. Thank you!😊 ❤️🕊️🙏
@FactsVerse
Жыл бұрын
Beautiful song, thanks for sharing! Be safe and have a great day ❤❤
@ruready4jesus72
Жыл бұрын
My favorite song Sundown! RIP🙏
@sweetcaroline2060
11 ай бұрын
@@FactsVerse It would be hard to identify a single song that would be my favorite but "Summer Side of Life" continues to give me goosebumps and my heart grieves when I hear it. Same for "Ribbon of Darkness" and "If You Could Read My Mind". It's a hard feeling to describe. Kinda like the sound of a lonesome train whistle blown on a warm summer night. That's as close as I could get. Thank you for the added information on my music hero. PS. His family will be alright, I'm sure. ❤❤❤
@ethanshelbyskateboarding9980
7 ай бұрын
He had no reason leaving his children out of an inheritance
Gordon Lightfoot was (and still is) my biggest musical influence. I heard his first album recorded in 1966, way back in 1970 through headphones plugged into an expensive stereo system. "Steel Rail Blues", a ballad, hooked me right then and there ! No wonder Bob Dylan's producer, Albert Grossman also became Lightfoot's producer. I used to go see Gordon's sellout show in November back in the mid 80's, and was mesmerized by his creations, and performance. My favourite song of his is "I HEARD YOU TALKING IN YOUR SLEEP", which never saw the success that it should have. I do not know if it got much AM radio airplay at the time it was released, or ANY airplay. It is a incredible work of musical both musically, and lyrically. The man was a genius in his own way. Gord also had a talent for creating a few songs with a Latin flavour, the Mexican ballad, "MIGUEL" is one of the best ballads ever composed, in my opinion, and, "I'LL DO ANYTHING" seems to have a Latin feel to it. Many people have never heard either beautiful song (give them a listen). There are so many of his songs that I love.
I saw Gordon when I was in high school 1971. He was very nice and personable to us when we approached him after the concert.
heard Lightfoot in 1969 for the first time......I have every cd and album I could find.(still looking for a few).....I have only seen him 3 times, once a year ago.....to me there isn't a better writer, poet and singer than this incredible man.........may his music live on forever!
RIP Gordon Lightfoot.U will live on in yr music and our hearts😢
@FactsVerse
Жыл бұрын
May Gordon find peace. Which of his songs appealed to you the most?
The Wreck of the Edmund Fitzgerald is my favorite. The song is so original for a pop song, and I don't know of another chart topper that is anything like it.
I grow up in the 70,s Lessening to his 🎶.. Awesome time. . ❤. Thank you for being You R.I.P. 😢 🥇🏆 in the ocean of life 🛶 .
@FactsVerse
Жыл бұрын
Thank you so much for sharing your life story. We're very happy to know that you're a fan of Gordon. In your opinion, what is his finest song?
Lightfoot was an inspiration to me!! love his music RIP Gordon 😞
I was blessed to meet Gordon Lightfoot 6 years ago. He autographed my book Lightfoot for me. I live in his hometown of Orillia Ontario Canada. I enjoy all of his music and saw him in concert several times. Even through his demons he was a good man.
@davidholton9667
Жыл бұрын
Hello how are you? So sorry for the infringe on your privacy. Beautiful song
@sweetcaroline2060
11 ай бұрын
Kimberly: You live long enough, you're going to have demons. PS: sorry I didn't catch your full email address.
I always listened to him ..especially the last year or two. And also during that time. He could beautifully tell a story with a sing
I've always loved that man, I had one of his albums along time ago when I was a teenager I can't remember the name of it but it did have the song approaching lavender on it. I think one of my favorites was"rainy day people".
He should have also been inducted into the Rock & Roll Hall of Fame. If rappers can get in then so should singers like Lightfoot.
@tracfoneuber
Жыл бұрын
Rap isn't even music.
@georgfriedrichhandel4390
Жыл бұрын
@@tracfoneuber And yet they're still being inducted. What's up with that?
@tracfoneuber
Жыл бұрын
@@georgfriedrichhandel4390 Couldn't tell you Georg. I think maybe equity inclusion, or some such nonsense. Is Grand Funk Railroad in there? By the way, thanks for Music for the Royal Fire Works...really burned down the house.
@georgfriedrichhandel4390
Жыл бұрын
@@tracfoneuber LOL! I'm glad you enjoyed it. Many of my favorite bands and singers have not been inducted like Meatloaf, America, Jethro Tull, Jim Croce and many more. Yet the Hall has inducted obscure and mostly forgotten singers from the 50s as well rappers. I mean, who do you have to sleep with to get inducted?
@tracfoneuber
Жыл бұрын
@@georgfriedrichhandel4390 Probably. I have to say that I hate Meatloaf, but that's just me.
My favorite Gordon lightfoot song is "Beautiful." I heard it at a wedding once and there wasn't a dry eye in the house.
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! What other types of video would you like to see?
@cjsansoo7
Жыл бұрын
@@FactsVerse thanks for the compliment. I would love to see you do a piece on the group of the late 60's and early 70's called " The Friends of Distinction." They were my favorite group of that time period. They had a nice song titled "Great Day." It reminds me of waking up with my girlfriend on a Saturday morning just trying to figure out how we would spend our day together during that time period. Brings back so many pleasant memories!
The assumption made in the video is: since he sold his streaming rights, his children won’t inherit much. That is not a forgone conclusion. Usually, artist get a lump sum in exchange for the ongoing income generation. They sell the anticipated cash flows over years for a discount for a lump sum. The bond market has done this for years. Estimates of Gordon Lightfoot’s net worth at death is about $40 Million. Not too shabby of an estate.
@mikestewart7338
Жыл бұрын
The title is misleading. You are absolutely correct
@robertbruce1887
Жыл бұрын
As a Canadian l want to thank you for doing an interesting video on one of our finest singer-songwriters. Gordon & Bob Dylan mutualy admired each other's songs, with Bob saying " Every time l hear a Gordon Lightfoot song l wish it would last forever"
@1401minstrel
Жыл бұрын
Thank you for posting what I was just going to post. The title of this video is more than misleading.
@robmiller3464
Жыл бұрын
Facts verse, stop trying to get people to hear your false narratives. Don’t be categorized as liars on social media or your doomed! Head line is misleading.
@Jenda-ld8dj
Жыл бұрын
But that doesn't mean that his kids are the beneficiaries.
Faves---You Are What I Am Marie Christine
I love him. RIP.
@FactsVerse
Жыл бұрын
May Gordon find peace. Which of his songs appealed to you the most?
It sounds as though Gordon Lightfoot sold his rights to his catalog before he died, and with 6 kids, the cash will be easier to deal with, than ongoing litigation costs. He did them a favor.
My favorite Gordon Lightfoot song is the little known "Affair on Eight Avenue". I was lucky enough to see him in concert several years ago. It was after his health had been failing, and his voice was not the same, but the music was the best I've ever heard.
@guyhillTophat
Жыл бұрын
That song is well known among us followers. The perfume that she wore, Was from some little store.....
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! What other types of video would you like to see?
@crt1975
Жыл бұрын
I love ❤Affair on Eighth Avenue as well! My boyfriend (later my husband) first took me to see him in Dallas, in June 1975. I was 17 and he 20. Through the years we saw Gordon many times, even taking our daughter when she was 7. Now she is 27 and she still loves The Pony Man! I was fortunate to meet him after 1 concert in Fort Worth and he spoke with me and signed my program. We will miss him always.
@lorenechidester6250
Жыл бұрын
@@crt1975 That's a beautiful experience!
@crt1975
Жыл бұрын
@@lorenechidester6250 It was a treasured experience for me and I was taken to the green room at The Bass Hall in downtown Fort Worth after the concert. I met several of his band members and then Gordon. He shook my hand and softly asked me questions about me and my family. I remember telling him I had one daughter who had just seen him for her 1st concert. He asked her age and then told me his daughter Meredith was the same age. He asked my daughter’s name and then inscribed her program, “to Anna, love Gordon Lightfoot”. He was such a gracious soul.
it has to be if you could read my mind brilliant RIP mate
Shadows has become a Gordon song that I turn too lately A Song for a Winter’s night another one that brings serenity to me
@cindyguillard216
Жыл бұрын
My SAME Favorites, Also! Absolutely Adored Him & His Beautiful, Haunting Music! ❤❤❤
RIP Gordon Lightfoot always loved your music
@FactsVerse
Жыл бұрын
We're happy to know that you're a fan of Gordon. In your opinion, what is his finest song?
@mmarjisr
Жыл бұрын
@@FactsVerse I always loved the song If You Could Read My Mind
Love his music.
@FactsVerse
Жыл бұрын
We love Gordon's music too! May he find peace 🙏
My favorite song of gordons is Miguel..it plays to an honesty, and a tenderness and a need to be in love..in splte of his transgression....he claims ownership of his talent and rightly so..his lyrics taught us all to be certain of our feelings and how to react to their consequences
Can KZread "read my mind"? I have been having Gordon Lightfoot songs play in my head lately, and today I receive this thumbnail.
Other than the Canadian members of The Band. I simply can’t imagine a more influential musician within their genres than GL.
@donyoung7874
Жыл бұрын
Gordon Downey from Tragically Hip.
I got into his music when I bought Gord's Gold LP. I became a fan and follower. As I was learning to play guitar I bought the song book Gord's Gold.
@FactsVerse
Жыл бұрын
Fun stuff, thank you so much for sharing your life story! What other types of video would you like to see?
Forget the money remember the man and the music that is the legacy
@zeroceiling
Жыл бұрын
There is a thousand different videos on Gordon and his music…..this one particular one deals with the money aspect of his legacy…there is nothing wrong knowing how this is turning out.
@johnbatch9276
8 ай бұрын
@@zeroceilingfair point
I never realized good song writers are writing about their own experiences and their own lives. So much better than making something up.
@FactsVerse
9 ай бұрын
Well said, we strongly concur! Thank you for watching our content and for sharing your thoughts. What other types of video would you like to see?
I hadn't heard; R.I.P., to a wonderful singer/songwriter and, a great (fellow) Canadian. My, personal, favorite? That'd be "Salute(A Lot Of Livin', To Do)"
‘Your Love’s Return,’ ‘Is there anyone home,’ ‘It’s Worth Believin,’ plus so many more are equally, my favorites. He was a Master, Composer/ singer.
Edmund Fitzgerald and Sundown and the rest as far as I’m concerned, he didn’t make a bad album
I was crazy about "Sundown" when it was first out. I remember buying the single. My fave Lightfoot song is a tie: "Now and Then" and "The House You Live In." RIP Mr. Lightfoot
Sundown brings back my childhood
My 3 favorite Gordon Lightfoot songs, Cant Depend on Love, Home From the Forest and The House You Live In
I think one of his best songs is Black Day in July.
Thank you for sharing If you could hear his 12 string in person, it had a beautiful rich tone that was unforgettable. 💔 I think the catalog sale was reprehensible. Greed is a self destructive thing.😢 🏆🙏🇺🇲🤗
@FactsVerse
Жыл бұрын
You're very much welcome! We're glad to know that you love our video. If we may ask, what other types of video would you like to see on Facts Verse?
Love you Gordon all of your songs are magnificent. To his heirs fight for what is rightfully yours. I would think that he would want to help all of you get generational wealth, to help his future generations benefit from his abundant talent💕❤️💗z
@FactsVerse
Жыл бұрын
Beautiful words, thank you for your message for Gordon. In your opinion, what is your favorite song of his?
@inspirationlady
Жыл бұрын
ICM purchased commission rights only. Google search it.
May he ride peacefully down the Carefree Highway toward the Mountains and Maryann.
@davidholton9667
Жыл бұрын
Hello how are you? So sorry for the infringe on your privacy. Beautiful song
"Beautiful" is my all favorite! It is a transcendental experience, especially in high fidelity!
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! What other types of video would you like to see?
@stevebrown5991
Жыл бұрын
Gordon was a Classic Stylist! Could you also do stories on the group “Eternities Children” and “Starbuck”? I know some of the members from “E.C.” morphed into “Starbuck”! My favorite GL song is “If you Could Read My Mind”.
Loved Gordon Lightfoots music we surely lost a real icon
@FactsVerse
Жыл бұрын
Glad to know that you're a fan of Gordon but wait, which of his songs appealed to you the most?
My Gordon Lightfoot song id Its Worth Believing
Since He sold His book what did he do with the proceeds that came from the sale ? Anything left would go to the kids unless he stated otherwise.
@inspirationlady
Жыл бұрын
He never wrote a book. His authorized bio was written by Nicholas Jennings
The headline on this seems misleading. The video concludes by saying some of the royalties might be lost to the children, but I didn't hear anything that suggested they won't inherit from him.
@inspirationlady
Жыл бұрын
Commission rights were sold to ICM not his song catalogue. Google search..
I guess what's confusing to me is the assertion that because Lightfoot's heirs will not benefit from future commercial royalties it automatically means they are losing a large share of money. What the narrator doesn't say (at least I don't believe I heard it) is the amount Lightfoot sold the catalog for. Recently artists like Dylan and Springsteen have sold their catalogs for hundreds of millions of dollars. Now, maybe Lightfoot's is not quite in that range, but I'm sure it went for a pretty penny indeed. So, wouldn't it be correct to assume his heirs will profit handsomely from the sale of his music rights? It's the old one in the hand is worth two in the bush, so I'm not really sure the premise of this video is all that correct.
my favorite song is edmund fitzgerald and all of his canadian songs too
If you can read my mind, one of my favorites.
If You Could Read My Mind, brings back memories of the first girl I fell in love with.
Favorites. Christian Island, Summertime Dream, Daylight Katie, Fine as Fine can Be.
Rainy Day People
I forgot to add my favorite song(s) A Song for a Winters Night", "Tattoo", "Big Blue", and honestly any song he ever wrote........
@FactsVerse
Жыл бұрын
Our favorites too, you've got taste! What other types of video would you like to see?
Looking like Willam Defoe in the thumbnail
My favorite is “Sundown” like all of his music though.
@davidholton9667
Жыл бұрын
Hello how are you? So sorry for the infringe on your privacy. Beautiful song
It's gotten to the point in the World where those who read, make a KZread video explaining what they read, and do not have to say the source, so everyone thinks you got it from the family., How sad.
Canada's Bard? I've never heard Anyone call him that
My favorite Gordon Lightfoot song The Edmund Fitzgerald. RIP Gordon.
Who inherited his guitars ?
Cold on the Shoulder
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! Which song comes in at second place? 🎶
Best song : Talking in your sleep . Based on a true story .
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! What other types of video would you like to see?
Is the sale of the catalog accurate? It is known that ICM Crescendo Music Royalty Fund (ICM CMRF) acquired manager Albert Grossman's “commission rights.”
@inspirationlady
Жыл бұрын
This video is a joke. You are correct about ICM. At 5 minutes in it seems I am his 2nd wife…lol..we were friends …
Edmond Fitzgerald rip Gordon lightfoot 😢
How about Telly Savalas singing Lightfoot's The Last Time I Saw Your Face.
If you don't want to listen to a whole lot of unnecessary commentary .. just skip to the 7 minute mark to get to what the video is supposed to be about.
Favourite song is Cotton Jenny, second is Alberta Bound
@FactsVerse
Жыл бұрын
Our favorites too, you've got taste! What other types of video would you like to see?
How long till we hear Gordo’s beautiful music selling pantyhose, chewing gum & all-season radials? It was done with the Beatles’ tunes - remember Adidas selling running shoes with Revolution? Isn’t it a pity?
@inspirationlady
Жыл бұрын
ICM bought commission rights only.
Why did no attorneys work out his childrens right per his will WHOSE THE GREEDY PERSONS INVOLVED IN SELLING THE RIGHTS WITHOUT THE CHILDERENS CONSENTS..JUST REMARKABLE...
@inspirationlady
Жыл бұрын
ICM bought commission rights only. Google search it..
Don’t get greaty!The kids are surviving! There is a lot of us that are getting by!
My favorite Gordon song is I will Tag along.
@FactsVerse
Жыл бұрын
One of our favorites too, you've got taste! Which song comes in at second place?
he may have inspired Bruce but he wasn't inspired by bruce
Poet 🤺💐
great writer, shadows is good im not supposed to care is good they are all good
@FactsVerse
Жыл бұрын
Absolutely, we feel the same way! Thank you for sharing your sentiments and for watching our content. What other types of video would you like to see on Facts Verse?
😢🤔 So you say in the video title, that his children 🧒 will not inherit his millions. Maybe so, but the greedy evil 😈 Tax-man will !. Death duties are 74%.in my country. The Tax_Man will be laughing 😂 all the way to the bank 🏦.
Kind of misleading title. They only won't receive royalties from his music. He had a net worth of around 40 million dollars. I'm sure they will receive some of that.
Completely misleading title. Song rights were likely sold for millions and to simplify lightfoots estate settlement. Presuming his children are the main beneficiaries they will get millions without the wrangling over what to do with the rights. This videos title should be corrected…
@inspirationlady
Жыл бұрын
Commission rights only..not the song catalogue. ICM bought them.
A huge chunk of money was probably paid out for his catalogue though?
The Wreck of the Edmond Fitzgerald”.
Total jerk move. 6 kids & you sell it all away? Gordon, sadly you’re dead, you can’t take it with you. Oh, cheap shot or not I’m a huge fan & love your work
@inspirationlady
Жыл бұрын
Commission rights were sold. Google has details..ICM bought them.
Carefree Highway
On a completely different note, look at the TV set & you will see 3 colors. red, green & blue, A.K.A. the primary colors. What they are teaching kids now have yellow, green & blue as the primary colors. Can't read, add or write but they still graduate.
random photos of unrelated people and false info. I am not his 2nd wife (5:04) altho we were friends. this video is insulting to Gordon and his family.
I love Gordon Lightfoot and his music but he better not disappoint like many other famous and leave his kids little .The worst was that prick Jerry Lewis left his kids nothing.Time will tell Gordon did seem very bitter kids are always a good whipping board .
@inspirationlady
Жыл бұрын
ICM bought commission rights only.
Lightfoot wrote so many great songs.l hope his family works out the situation of the will. It seems the will can spell the death of many families. I am sorry for your loss. ❤❤❤❤😮😮❤❤❤❤😮😮❤❤❤❤😮😮❤❤❤❤😢😢❤❤❤❤😅😅❤❤❤❤😊😊❤❤❤❤😮😮❤❤❤❤😢😢❤❤❤❤❤
Funny how you used a picture of Gord and Bev Lightfoot and his parents claiming they were Fred and Ingrid. Did you really research this 🤔
He was a comedian? And i have never seen someone age as badly..
One of the greatest musical legends of all time. But I was always disappointed...no, disgusted...that he succumbed to his daughters whining to change a lyric in If You Could Read My Mind. He already took the blame for his own part of the marriage break up in the song and only gave his ex one single line of responsibility but his daughter had the audacity to attempt to take that away. Those lyrics were HIS feelings on the matter, no one elses. I wouldn't have done it if I were him. I'll never listen to the changed lyrics. Original only.
@FactsVerse
Жыл бұрын
Beautiful words, thank you for your message for Gordon. Which of his songs appealed to you the most?
@mckenziehellenann
Жыл бұрын
Totally agree..his song in his words
So many facts Only 2 need to be known HOW MUCH DIS HE SELL THE CATALOG FOR DID EACH CHILD GET ROUGHLY 1/6 th of his inheritance ???????????????
@inspirationlady
Жыл бұрын
ICM bought commission rights only. Google search it..
Go to 7:01. Your welcome.
is it anyone's business what happens to his money?
Yeah I guess the $40 million he left them isn't much at all
Focus on the artistry...net worth at death so what
play dust in the wind first,or any boring piece.and call themselves the gd shroom rock station.your beautifull is rock,no way turn the page first.
Could you at least let his body get cold before you start with this inheritance crap?