Selection reported, “The deal contains 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 individuals shopping for music catalogs? Properly, in line with the New York Instances, “New traders, together with personal fairness corporations, have poured billions of {dollars} into the market, viewing music royalties as a form of protected commodity — an funding, considerably like actual property, with predictable charges of return and comparatively low threat.”
As a result of that is turning into a fairly standard development, let us take a look at what different artists have Bought their catalogs and the way a lot cash they’ve gotten for ’em:
1.
Dr. Dre bought his music catalog in early 2023 for lower than the $250 million he pitched, however nonetheless apparently properly over $200 million.
2.
ZZ Prime bought their catalog in 2020 for $50 million.
6.
Phil Collins and Genesis bought their catalog for $300 million in 2022.
7.
David Bowie’s music catalogue was bought for $250 million in 2022.
8.
In 2021, David Guetta bought his music catalog for $100 million.
9.
Sting bought his songwriting catalog in 2022 for a reported $300 million.
11.
Jason Aldean bought 90% of his music catalog in 2022 for $100 million.
12.
Bob Dylan bought his total songwriting catalog in 2020 for over $300 million.
13.
The Crimson Sizzling Chili Peppers bought their track catalog for $140 million in 2021.
14.
Stevie Nicks bought a majority stake in her publishing catalog for $100 million in 2020.
15.
Mötley Crüe bought their music catalog for $150 million in 2021.
16.
Brad Paisley bought his music catalog for $25 million in 2022.
17.
Future bought his music catalog from 2004–2020 for a reported “excessive eight figures.”
18.
A majority stake in Joey Ramone’s publishing rights have been acquired for $10 million in 2022.
19.
And lastly, Bruce Springsteen bought his music catalog in 2021 for $550 million.
