Grammy-winning singer-songwriter Graham Nash has sold his music catalogue to Irving Azoff's Iconic Artists Group. The financial details of the deal were not disclosed. (Source)
Nash, a founding member of Crosby, Stills, Nash & Young, sold his share of compositions and publishing rights to his songs. This includes hits like "Teach Your Children," "Our House," and "Just a Song Before I Go."
Iconic Artists Group, which is part of the larger global music company Hipgnosis Songs Fund, has been on a buying spree in the music rights market. They previously acquired the catalogues of David Crosby and Stephen Stills. (Source)
Music rights refer to the legal ownership of the intellectual property contained within a musical composition or recording. These rights include the mechanical, performance, and synchronization rights. (Source)
Music rights societies like ASCAP, BMI, and SESAC collect and distribute royalties to songwriters and publishers. They represent the public performance rights of songs and distribute them to entities that use music in their businesses, such as radio stations and music streaming services. (Source)
Who owns the right to music can be a complex issue, as it depends on various factors such as the type of music rights involved, the ownership structure of the music, and the relevant laws and regulations. (Source)