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Why major artists are selling off their catalogs

Upstart publishing companies have acquired the catalogs of artists young and old.
otnaydur/Shutterstock.com
In what came as a surprise to many, the final months of 2020 saw an unprecedented number of high-profile artists selling off their song catalogs to the highest bidders.
The most prominent among them was Bob Dylan, who turned over the rights to his more than 600 songs for the handsome sum of $400 million dollars. Other artists have also been taking this âeverything must goâ approach, including Neil Young, Shakira, Patti Smith, Dire Straits, and key members of Fleetwood Mac.
Nor is the trend limited to vintage artists. The Killers and OneRepublicâs Ryan Tedder have alsoÂ gotten in on the act. And just last week, the British band Massive Attack, who alongside Tricky and Portishead pioneered the trip-hop genre, sold the rights to their own multi-platinum catalog. ....

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Estonian PM Juri Ratas resigns over corruption scandal in his party

Estonian PM Juri Ratas resigns over corruption scandal in his party
theglobeandmail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theglobeandmail.com Daily Mail and Mail on Sunday newspapers.

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KKR bets $200 million on OneRepublic frontman Ryan Tedder's catalog

By Reuters Staff
2 Min Read
FILE PHOTO: Ryan Tedder of the U.S. band OneRepublic performs during their Native tour in Riga November 12, 2014. REUTERS/Ints Kalnins/File Photo
(Reuters) - Private equity firm KKR & Co will buy a majority stake in Grammy award winning songwriter and producer Ryan Tedder and American pop rock band OneRepublic’s music catalog that includes hits such as “Counting Stars” and “Apologize”.
KKR, with investments in TikTok parent ByteDance and music company BGM, will also have publishing and recorded music rights to the catalog that has nearly 500 songs, including those co-written with popular acts such as Beyonce, Lady Gaga, Paul McCartney and U2. (bit.ly/2LGahmm) ....

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