Grammy-Winning Songwriter Shane McAnally's Music Catalogue Sold

Grammy Award-winning songwriter Shane McAnally's music catalogue has been acquired by CTM Outlander, according to a report by Music Business Worldwide. The financial details of the deal were not disclosed.

McAnally, a prolific Nashville-based songwriter, has penned hits for artists such as Kenny Chesney, Luke Bryan, and Old Dominion. Some of his most notable works include "American Honey" (Lady A), "Tequila" (Brothers Osborne), and "Body Like a Back Road" (Sam Hunt).

The acquisition of McAnally's catalogue adds to CTM Outlander's growing roster of music rights, which includes the works of artists like Jimmy Webb and Randy Newman.

Music rights, which include the ownership of songwriting and publishing royalties, have become an increasingly popular investment asset class. Music Rights Societies like ASCAP, BMI, and SESAC collect and distribute royalties to songwriters and publishers.

Understanding the types of music rights and how they work is crucial for potential investors. Music Business Worldwide provides a comprehensive guide to music rights and their value.

Source: Music Business Worldwide

Source: Wikipedia - Shane McAnally

Source: Wikipedia - CTM Outlander

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