Musicians who sold their song catalogs for countless millions
Metro Boomin sells portion of his catalog for an impressive US$70 million
© Getty Images/NL Beeld
Hip hop super-producer Metro Boomin has just sold a portion of his catalog publishing rights for an impressive US$70 million. Shamrock Capital—the investment firm which acquired a portion of Dr. Dre's catalog for US$200 million, and famously bought the rights to Taylor Swift's first six albums in 2020—closed the deal with the Atlanta native on March 7, which included records like Migos' 'Bad and Boujee," Post Malone and Quavo's 'Congratulations,' and The Weeknd's 'Heartless,' all of which hit No. 1 on the Billboard Hot 100. At just 29 years old, and having only sold a portion of his catalog, it seems Metro Boomin has a very bright future ahead of him.
In the past, the publishing rights to a song would belong to the songwriter and the publisher (companies like Sony and Universal Music), while the recording rights usually belonged to the artist who performed the song and the record labels, with everyone involved earning royalties. From Bob Dylan to Justin Timberlake, it seems everyone and their mother are cutting multi-million dollar deals to sell their song catalogs.
Click through this gallery to find out which musicians have taken the plunge, and for how much.
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