The deals are part of a long string of established artists selling their songbooks to deep-pocketed investors or music labels. Hill died in July at age 72 during the band’s North American tour, which is slated to run through spring 2022. Known for their distinctive long red beards, the band was inducted into the Rock & Roll Hall of Fame in 2004. The trio of Billy Gibbons, Dusty Hill and Frank Beard formed ZZ Top in the late ’60s. The ZZ Top deal includes 15 albums released over a 50-year span, including the commercial breakthrough “Tres Hombres” in 1973, “Degüello,” “El Loco,” “Eliminator,” “Afterburner,” “Recycler” and “Antenna.” Dusty Hill of ZZ Top passed away in July amid the band’s North American tour, which is slated to run through spring 2022. Last year, Bob Dylan sold his massive 600-song catalog to Universal Music Publishing Group for a reported $300 million to $400 million in December 2020. Around the same time, Fleetwood Mac singer-songwriter Stevie Nicks sold 80 percent of her rights to her own songwriting catalog, including hits like “Landslide” and “Edge of Seventeen,” to music publisher Primary Wave for a reported $100 million.Īnd according to reports last month, Universal Music Group has been in advance talks with Sting to buy his music for $250 million, while Warner Music Group is raising $535 million to buy David Bowie’s music. Earlier this month, Bruce Springsteen reportedly sold his iconic song and publishing catalog to Sony Music for a whopping $500 million. The sale follows a slew of high-profile deals in which legendary rock stars are cashing out. The legendary Texas trio, known for hits like “Legs,” “Cheap Sunglasses” and “Gimme All Your Lovin,'” sold their music interests, which include the publishing catalog as well as income from recorded music royalties and performance royalties, the Wall Street Journal reported Tuesday. ZZ Top is selling its music catalog to investment firm KKR and record company BMG for $50 million, according to a report. Meat Loaf’s ‘Bat Out of Hell’ life: Threesomes, groupie ghosts and Charles Manson
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