AC/DC – Malcolm Young Buys $10M Waterfront Property In Sydney

According to Dailytelegraph.com.au, AC/DC founder and guitarist Malcolm Young and his wife Linda have purchased a premium waterfront property in Palm Beach for $10 million Australian funds. Palm Beach is Sydney’s northernmost stretch of sand, a 50-minute drive from the Sydney city centre. The sale is the biggest on the northern beaches this year. The five-bedroom home is on an absolute beachfront site of about 520sq m and is among many multimillion-dollar properties in the street. Young retired from AC/DC last year due to ill health.

According to Licensing.biz, Epic Rights and Perryscope are joining forces to develop worldwide licensing, retail and ecommerce programmes to support AC/DC’s Rock Or Bust tour.

Perryscope is a NY-based licensing and merchandising company which represents clients including Pink Floyd, Tom Petty and the Heartbreakers, Genesis, The Police and David Gilmour among others.

The principals of both firms – Norman Perry, president of Perryscope and Dell Furano, CEO of Epic Rights – have had a long history of working with AC/DC.

“AC/DC has always been the top seller of band merchandise and has an incredible archive of artwork, photos, tour logos and imagery,” said Perry and Furano in a joint statement. “AC/DC merchandise designs are some of the most famous in rock, including Highway To Hell, Back Tn Black, High Voltage and For Those About To Rock, among others.”

Read more at Licensing.biz.

AC/DC’s North American dates kick off on August 22nd in Foxborough, MA at Gillette Stadium and run through September 28th in Los Angeles, CA at Dodger Stadium (see below for full list of dates). Tickets available via Ticketmaster. Previously announced European dates on the Rock or Bust World Tour begin May 5th in Holland and run through late July.

AC/DC last toured the world from 2008-2010 with the Black Ice World Tour, which had the band playing to over 5 million fans in 108 cities in over 28 countries. The Black Ice World Tour earned AC/DC a Pollstar Award for Major Tour of the Year in 2010.

AC/DC recently released the second video from their latest album, Rock Or Bust. The video was shot in Los Angeles in February after the band performed for the first time at this year’s Grammy Awards. The clip was directed by the band’s longtime collaborator David Mallet and features an enthusiastic crowd of real fans who came from all over the world just to be part of this historic taping.