Selection reported, “The deal consists of Perry’s stakes in grasp recordings and publishing rights for the 5 albums she launched between 2008 and 2020: One of many Boys, Teenage Dream, Prism, Witness, and Smile. Common Music Group continues to personal the masters to these albums.”
Why are folks shopping for music catalogs? Effectively, in line with the New York Occasions, “New buyers, together with personal fairness corporations, have poured billions of {dollars} into the market, viewing music royalties as a type of protected commodity — an funding, considerably like actual property, with predictable charges of return and comparatively low threat.”
As a result of that is changing into a fairly fashionable development, let’s take a look at what different artists have offered their catalogs and the way a lot cash they’ve gotten for ’em:
1.
Dr. Dre offered his music catalog in early 2023 for lower than the $250 million he pitched, however nonetheless apparently properly over $200 million.
2.
ZZ Prime offered their catalog in 2020 for $50 million.
6.
Phil Collins and Genesis offered their catalog for $300 million in 2022.
7.
David Bowie’s music catalogue was offered for $250 million in 2022.
8.
In 2021, David Guetta offered his music catalog for $100 million.
9.
Sting offered his songwriting catalog in 2022 for a reported $300 million.
11.
Jason Aldean offered 90% of his music catalog in 2022 for $100 million.
12.
Bob Dylan offered his whole songwriting catalog in 2020 for over $300 million.
13.
The Crimson Scorching Chili Peppers offered their track catalog for $140 million in 2021.
14.
Stevie Nicks offered a majority stake in her publishing catalog for $100 million in 2020.
15.
Mötley Crüe offered their music catalog for $150 million in 2021.
16.
Brad Paisley offered his music catalog for $25 million in 2022.
17.
Future offered his music catalog from 2004–2020 for a reported “excessive eight figures.”
18.
A majority stake in Joey Ramone’s publishing rights had been acquired for $10 million in 2022.
19.
And lastly, Bruce Springsteen offered his music catalog in 2021 for $550 million.
