ZZ Top Sells Song Catalog For $50 Million
December 21, 2021 12:10PM EST
Billy Gibbons, Frank Beard and Dusty Hill of ZZ Top pose for a group portrait backstage at Glastonbury Festival, United Kingdom, 24th June 2016. (Photo by Mick Hutson/Redferns)
ZZ Top have joined the growing list of legacy artists who cashed out in 2021.
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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