Update: November 30th, 2021 02:14 PM:
Variety are reporting that the deal was valued around $150 million dollars.
Original Story:
While Mötley Crüe‘s decision to reunite for the still upcoming ‘The Stadium Tour‘ with Def Leppard, Poison and more may have been decried as a cash in by some, the renewed interest in certainly hasn’t hurt their bank account in other areas.
It has newly been announced that BMG have acquired the rights to the L.A. hard rock band’s entire recorded music catalog. The deal is described by Billboard.com as the ‘largest single-artist deal’ since BMG Rights Management was launched in 2008. The band’s nine studio albums are included in the deal, with Mötley Crüe saying in a statement:
“It feels amazing to be collaborating with our new partners at BMG. Their extensive track record of success in rock made them the perfect home to continue preserving and growing our musical legacy, ensuring we always stay at the top.”
The band’s longtime manager Allen Kovac added:
“After working side by side with BMG for well over a decade, the relationship we have developed and success we’ve accomplished over the years made this a very easy transition to entrust with this treasured Rock catalog. Working with BMG in any capacity, whether that’s publishing or records, has always been a great experience.”
The exact figure of which the band sold the rights to their catalog for was not publicly disclosed.
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