In a multimillion-dollar deal, iconic rock band KISS sold their music catalog to BMG for a reported $300 million. The sale includes their recordings, publishing, and merchandising rights. This move follows a trend among artists looking to secure their financial future by selling their catalogs.
According to Billboard, the deal covers the entire KISS catalog, spanning five decades and over 40 albums. The band's classic hits like "Rock and Roll All Nite," "Detroit Rock City," and "Beth" are now part of BMG's extensive music library.
The sale of music rights has become increasingly popular among artists, with Rolling Stone reporting that artists like Bob Dylan, Neil Young, and Paul Anka have also sold their catalogs in recent years.
Music rights encompass various types of intellectual property, including recording rights, publishing rights, and merchandising rights. Understanding these rights and how they work is crucial for artists looking to maximize their earnings and protect their legacy.
Music rights societies, such as ASCAP, BMI, and SESAC, help administer and collect royalties for songwriters and publishers. These organizations play a significant role in ensuring artists receive fair compensation for their work.
For more information on music rights and the KISS sale, check out these sources: