Do Mick Jagger and The Rolling Stones plan to sell their catalog? No – but it could be donated to charity.

Headlines that includes iconic artists placing big-money catalog offers have turn into a typical incidence within the annual music enterprise information cycle.

Much less widespread, nevertheless, are legendary artists publicly confirming that they’ll not be promoting their music rights.

One such artist is Sir Mick Jagger, the frontman of the British rock and roll band The Rolling Stones, who mentioned this topic in a really uncommon interview with The Wall Road Journal this week.

Jagger was requested by the newspaper if he and his band ever meant to dump their post-1971 catalog.

His reply? No – however he hinted at an altruistic various: Donate the catalog to charity.

Jagger informed the WSJ that “the youngsters don’t want $500 million to reside properly. Come on.” He added: “You possibly do some good on the earth”.

His interview with the WSJ arrives in the identical week that The Rolling Stones launch the second single, Candy Sounds of Heaven from their upcoming album Hackney Diamonds, set to be launched on October 20 through Geffen Data.

Candy Sounds of Heaven options a vocal efficiency by Woman Gaga, alongside Stevie Marvel on Fender Rhodes, Moog and piano.

Jagger’s feedback observe a flurry of big-money catalog offers over the previous three years with a variety of iconic acts.

Amongst them was Bruce Springsteen, who ushered in music’s first $500 million artist catalog deal in December 2021, when he sold his masters and publishing rights to Sony Music.

Previous to the information of Springsteen’s take care of Sony, one of many earlier largest single artist catalog offers was struck for the publishing rights of Bob Dylan, which Universal Music purchased for a sum, skilled trade sources recommend, was someplace within the area of $300 million to $400 million.

Per week previous to that, Fleetwood Mac star Stevie Nicks’ publishing catalog was valued at round $100 million following Primary Wave‘s acquisition of 80% of it.

In January 2021, Hipgnosis Songs Fund acquired 50% of the worldwide copyright and revenue pursuits in Neil Younger’s complete music catalog, comprising 1,180 compositions. Business consultants recommend that the deal would have price Hipgnosis within the area of $150 million.

In January 2022, Warner Music Group, through its Warner Chappell Music subsidiary, acquired the worldwide music publishing rights to David Bowie’s music catalog. The value of the deal was agreed at upwards of $250 million.

Two of this yr’s largest music rights offers for the catalogs of single artists arrived in January and September, from Justin Bieber and Katy Perry, respectively.

Katy Perry sold a bundle of music rights to $500 million-backed Litmus Music, whose take care of Perry, which trade sources recommend was price round $225 million, marked this yr’s largest catalog take care of a single artist. The deal spans Perry’s 5 studio albums recorded for Capitol Data, together with the Grammy-nominated Teenage Dream.

Litmus now owns the artist’s stake in her grasp royalty revenue and her publishing rights to the albums One of many Boys, Teenage Dream, PRISM, Witness, and Smile – all launched between 2008 and 2020 Universal Music Group continues to personal and/or management the grasp rights to the Capitol albums.

In January, we reported that Justin Bieber had agreed to promote a career-spanning catalog to Blackstone-backed Hipgnosis Songs Capital (HSC) in a nine-figure deal. The Wall Road Journal reported in December 2022 that the Hipgnosis/Bieber deal could be price round USD $200 million. Bieber’s deal additionally included his publishing plus grasp royalty revenue.

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The Rolling Stones aren’t the one celebrity act with no plans to promote their music rights after all.

David Furnish, CEO of Rocket Leisure, plus Sir Elton John’s long-term companion (and husband) and his supervisor for the previous six years, told MBW in an interview that it might be “unthinkable” for Elton to promote his catalog.

“At this stage, it’s unthinkable,” stated Furnish, with out hesitation. “The considered giving up that management in connection together with your artwork… no.”

 Music Enterprise Worldwide