ZZ Top Sells Song Catalog For $50 Million

ZZ Top have joined the growing list of legacy artists who cashed out in 2021.

INDIO, CA – APRIL 25: Musicians Dusty Hill (L) and Billy Gibbons of ZZ Top perform onstage during day two of 2015 Stagecoach, California’s Country Music Festival, at The Empire Polo Club on April 25, 2015 in Indio, California. (Photo by Frazer Harrison/Getty Images for Stagecoach).

The band just sold its song catalog to BMG and KKR for a reported $50 million.

It’s the latest in a string of big-money publishing deals in the last year – including artists like Stevie Nicks, Neil Young, Bob Dylan, and Bruce Springsteen – who sold his catalog for a whopping $500 million earlier this month.

Why are so many artists selling off their song catalogs?  What does it mean for the music industry?

 

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