(hennemusic) ZZ Top have reportedly sold the rights to their music catalog to BMG and KKR for an estimated $50 million. According to Variety, the agreement includes a buyout of the band's publishing catalogue and their income from recorded royalties and performance royalties.
ZZ Top - who released their debut album in 1971 and released 14 more over the course of their 50-year career - have sold more than 50 million albums worldwide.
While BMG and KKR announced in March that they would partner up for music IP, they have largely worked separately in the months since, with BMG acquiring catalogs from Tina Turner and Motley Crue, while KKR's Chord Music acquired a catalog from Kobalt for around $1.1 billion.
Previously, BMG served as co-publisher and administrator of ZZ Top's publishing catalog. "We are proud to continue working with and expand our long-standing relationship with BMG," says ZZ Top manager Carl Stubner of Shelter Music Group. "This new deal ensures ZZ Top's remarkable legacy will endure for generations to come." Read more and stream their classic hit "La Grange" here.
ZZ Top Adds New Leg To Elevation Tour
ZZ Top In The Studio For 'Fandango' 50th Anniversary
ZZ Top's Frank Beard Drops Off The Elevation Tour For Health Reasons
ZZ Top's Billy F Gibbons Streams New Song 'Livin' It Up Down In Texas'
5 Star: Styx - Circling from Above
Quick Flicks: Re-Animator 40th Anniversary
Clarksville, TN Attraction Historic Collinsville Set for Civil War Days Reenactments
RockPile: Willie Nile And More
'Meat' Me at Carnivore Restaurant in Nairobi
Scorpions Celebrating 60th Anniversary With 'From The First Sting'
Hollywood Undead Deliver 'SAVIOR' Video
We Are Scientists Launching Qualifying Miles Tour
Watch King Falcon's 'Plastic Crown' Video
Justin Hayward Reveals On The Blue Cruise 2025 Final Lineup
Chevy Metal Expand Summer Headline Tour
Demon Hunter and Z2 Unveil The Collected 'Exile' Graphic Novel
Metallica Stream Atlanta Performance Of 'King Nothing'