Renowned pop star Britney Spears has recently made headlines for selling her music catalogue. This move not only showcases her business acumen but also highlights the lucrative nature of the music industry. Spears' decision to sell her catalogue is a strategic move that can potentially bring her significant financial gain and open up new opportunities for her music to reach a wider audience. This development underscores the importance of maintaining control over one's intellectual property in the entertainment industry and serves as a reminder of the value of a successful music catalogue.
Music News: Britney Spears Sells Music Catalogue
Britney Spears has sold the rights to her entire music catalogue.
Primary Wave will take over Spears’ ownership share of her many hit songs, including Baby One More Time, Oops! I Did It Again, Lucky, and I’m Not a Girl, Not Yet a Woman, among many others.Â
TMZ reported that the deal was finalised on 30 December. It is not clear for how much Spears sold her rights, but a source told the outlet it was on par with Justin Bieber’s reported $200 million (£147 million) deal to sell his back catalogue to Hipgnosis Songs Capital in 2023.Â
Rolling Stone reports that Primary Wave has been in the business of snapping up catalogues from some of music’s biggest names.Â
Last March, it bought a 50 per cent stake in The Notorious B.I.G.’s estate, and in the past has reached deals with the estates of Whitney Houston, Bob Marley, Prince, and Cars leader Ric Ocasek. In 2020, Stevie Nicks sold her publishing rights to the company.Â
Spears, who was released from a controversial 13-year conservatorship in 2021, has not released a studio album since 2016’s Glory. She recently announced that she would not perform in the US again.
“I will never perform in the US again because of extremely sensitive reasons,†she penned on Instagram in January. “But I hope to be sitting on a stool with a red rose in my hair, in a bun, performing with my son in the UK and Australia very soon.â€
Image:Â https://www.flickr.com/photos/rhysadams/
Author: Brad LeBeau (promotionmusicnews.com)Cats: Quotes,Bob Marley,Britney Spears,Cars,Justin Bieber,Notorious B.I.G.,Primary Wave,prince,Ric Ocasek,Whitney Houston
Hashtags: #Britney #Spears #Sells #Music #Catalogue