닉, landed a deal in November for a reported $ 100 million with Primary Wave for her portion of publishing rights to songs including “Edge of Seventeen” 과 “Landslide.”
Springsteen’s deal with Sony Music in December was valued at a massive
$ 550 million for both his recording and songwriting rights
. He first signed with Sony’s Columbia Records in 1972, 말했다 in a statement at the time of the sale he was
” that his legacy would continued to be cared for
“by the company and people I know and trust.
For some artists, the decision to sell now could also be part of planning ahead for their families.
“A lot of the artists that are selling their catalogs are getting to a point in their lives where they are planning their estates, sort of planning for the future and they are at a point in their lives where it makes sense to sell their music to provide for their families,” Karp said, noting that Dylan turned 80 5 월.
While not as common, some younger artists are also making catalog deals.
Imagine Dragons sold their catalog to Concord Music Publishing in August
. 이번 달, Shakira stuck a deal with Hipgnosis Songs Fund for her entire catalog
, which includes hits like
“Hips Don’t Lie
,” 과 “She Wolf.
, 처럼 테일러 스위프트, are fighting to maintain creative control and publishing rights to their music
— 과, Karp said
, selling now isn’t the right move for every artist
“If you’re a young artist and blow the big chunk of money and then you get into your older years and you don’t have any income coming in, you’ll probably regret it,” Karp said. “Owning music assets is like owning a retirement fund.”
원래, these days good music, according to Karp, is simply good business.
“The music business is driven by streaming which is a steady and growing income source, it’s not like the old days when you put a CD on the market and it was unpredictable how many copies you would sell. The record labels are making money from streaming subscriptions,” Karp said, 첨가, “Because interest rates are very low right now, investors have been looking for places to park their money that will offer higher returns than the going interest rate. As long as interest rates stay relatively low, music assets are a pretty attractive return.”