Music icon Rod Stewart has reportedly sold his music catalog for nearly $100 million.
Irving Azoff's Iconic Artists Group recently purchased the "Sailing" singer's entire music catalog.
Rod Stewart Music Catalog Sold
According to The Wall Street Journal, Rod Stewart has sold his publishing catalog and recorded music, including some of his name and likeness rights to Irving Azoff's Iconic Artists Group for nearly $100 million.
Iconic Artists Group also acquired the catalogs of Cher, Graham Nash, David Crosby, Stephen Stills, Linda Ronstadt, and even the Beach Boys. They've also raised $1 billion to invest in future catalog purchases in the coming years.
In the span of his career, Rod Stewart has released 32 studio albums, 4 live albums, 22 compilation albums, 13 video albums, 68 music videos, and over 140 singles. 10 of his albums are No. 1 records he has 31 Top 10 singles in the United Kingdom alone. Meanwhile, in the US, he has 16 Top 10 singles, four of which are No. 1 songs on the Billboard Hot 100 charts.
"Irving and I are a couple of old-timers and I believe we have a mutual respect and admiration for each other," he told the publication. "My life's work is in safe hands with him."
This deal came not more than a year after Stewart declined to sell it to Hipgnosis Songs. (via MusicWeek)
"This catalogue represents my life's work," Stewart said at the time. "And it became abundantly clear after much time and due diligence that this was not the right company to manage my song catalogue, career, or legacy."
Rod Stewart New Music 2024
Rod Stewart is releasing his new album "Swing Fever" on Feb. 23, 2024, a collaborative album with Jools Holland.
"Jools would rehearse with the band for a day with songs," he told Rolling Stone, "and then the next day I'd show up and everything was live and in three hours we'd have three takes, solos were live, everything was live apart from my vocals, there's not many records that are made like that nowadays."
Rod Stewart is currently on his world tour and he is scheduled to finish his 13-year Las Vegas Residency at the Colosseum at the Caesars Palace for his 200th show.
Meanwhile, British band Queen is also selling their music catalog for $1.2 billion and Universal Music Group is the current frontrunner on that race.
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