Convicted rocker Ian Watkins will come into a small fortune when he is finally released from prison following the sale of the touring company he co-owned with his former bandmates.

The ex-Lostprophets frontman, who was convicted of a string of child sex offences in December, 2013, will receive a $220,000 (£147,000) pay-out following the sale of Goonies Touring Company.

NME.com reports that more than $750,000 (£500,000) in assets will be split among the five band members.

Disgraced Watkins will also continue to earn royalties from Lostprophets' music while serving time behind bars. The rocker was sentenced to over 30 years for a string of serious child sex offences, including the attempted rape of a baby. He lost an appeal last summer (Jul14).