Matt Sorum, iconic drummer of Guns N' Roses, Velvet Revolver, and The Cult, has sold his publishing and recorded music rights to Reservoir. The deal's financial details remain undisclosed [1].

Sorum's music catalog includes hits from his tenure with Guns N' Roses, such as "November Rain," "Sweet Child O' Mine," and "Paradise City." With Velvet Revolver, he contributed to the band's 2004 self-titled debut album, which included the singles "Slither" and "Set Me Free."

The sale of music rights has become increasingly popular in the music industry, with artists and songwriters recognizing the financial potential of their catalogs [2]. Music rights consist of two main categories: publishing rights (the right to earn royalties from the use of a song's lyrics and melody) and recorded music rights (the right to earn royalties from the sale and streaming of recordings) [3].

Music rights societies, such as ASCAP, BMI, and SESAC, play a crucial role in collecting and distributing royalties to songwriters and publishers [4]. These organizations represent the rights of millions of songs and ensure that creators receive fair compensation for their work.

Reservoir is a leading independent music company that specializes in acquiring and administering music rights [5]. The company's extensive catalog includes works by artists such as The Rolling Stones, Fleetwood Mac, and Carole King [6].

The sale of Matt Sorum's music rights to Reservoir marks another significant acquisition for the company and highlights the growing trend of artists and songwriters monetizing their catalogs.

[1] Digital Music News. (2022, July 26). Reservoir Acquires Matt Sorum's Publishing and Recorded Music Catalog. Retrieved August 1, 2022, from https://www.digitalmusicnews.com/2022/07/26/reservoir-deal-matt-sorum-publishing-recorded-music/

[2] Billboard. (2021, November 16). Why Music Rights Are the New Hot Investment. Retrieved August 1, 2022, from https://www.billboard.com/articles/business/rights-admin/9692618/music-rights-investment-trend

[3] Berklee Online. (n.d.). What Are Music Rights? Retrieved August 1, 2022, from https://online.berklee.edu/blog/what-are-music-rights.html

[4] ASCAP. (n.d.). About ASCAP. Retrieved August 1, 2022, from https://www.ascap.com/about

[5] Reservoir Media. (n.d.). About Us. Retrieved August 1, 2022, from https://www.reservoirmedia.com/about/

[6] Reservoir Media. (n.d.). Catalog. Retrieved August 1, 2022, from https://www.reservoirmedia.com/catalog/