15 January 2021
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The 73-year-old drummer - who founded the group in the 1960s - has agreed to the sale, which covers classic albums including Tango In The Night , Rumours and Tusk .
He said in a statement, This is a wonderfully inspiring marriage between creative partners that understand all aspects of the business.
The agreement means Mick has traded his future earnings from the sale of the iconic group s music for an upfront payment, although BMG did not disclose the sum.
They noted the collection of albums covers 300 songs, or 18 hours of drumming .
BMG s Justus Haerder added: This acquisition highlights the value of timeless recordings in a streaming market which is increasingly benefitting established rather than newer artists.