Long-running Texas rock band ZZ Top has sold its ‘entire music interests’ to BMG and KKR for around $50 million.
BMG and KKR have put their recently announced partnership to work, acquiring the “entire music interests” of long-running American rock band ZZ Top for a sum sources place at around $50 million. The agreement includes a buyout of the band’s publishing catalogue and their income from recorded royalties and performance royalties. Previously, BMG served as co-publisher and administrator of ZZ Top’s publishing catalog. The band — Billy Gibbons (guitar, vocals), Frank Beard (drums) and the late Dusty Hill (bass, keyboards, vocals) — released their debut album in 1971 and released 14 more over the course of their 50-year career, including “Fandango” (featuring their first hit single, “Tush”) and the video-powered albums that made them one of the biggest rock acts of the ‘80s, “Eliminator” and “Afterburner.
