Artists are Selling their Music... What's Going On?

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Over the past couple years, several artists have sold all or some of the rights to their music. This can either mean the publishing rights to their songs, or rights to their master recordings. And Typically, these artists receive tens to hundreds of million dollars for their payout, which is helpful at a time where recording artists are making less many than decades prior. Some of these artists include legacy acts like Bruce Springsteen, Bob Dylan, Stevie Nicks, potentially Dolly Parton. Recently, some younger acts like Justin Bieber, Metro Boomin, Katy Perry, and Iggy Azalea have all sold portions of their catalogs for several reasons. Other artists, like Kanye West, Taylor Swift, and Mariah Carey, have been vocal to other artists about the points of retaining the rights to their music and their masters.

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SOURCES:
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https://www.otto.law/blog/2022/02/what-does-it-mean-for-an-artist-to-sell-their-music-catalog/
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https://www.papermag.com/mariah-carey-music-rights


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