Rod Stewart sold his song catalog, including hits like „Maggie May“ and „Do Ya Think I’m Sexy,“ as well as some name and likeness rights to Irving Azoff’s Iconic Artists Group for a cool $100 million.
Aging rocker Rod Stewart sold his song catalog, including hits like “Maggie May” and “Do Ya Think I’m Sexy,” as well as some name and likeness rights to Irving Azoff’s Iconic Artists Group for a $100 million.
People familiar with the transaction told The Wall Street Journal that the rights Stewart sold span his solo career as well as his time as a member of Faces and the Jeff Beck Group.
The 79-year-old British rock star’s discography includes 10 No. 1 albums overall, and studio albums that sold more than one million copies each, The Journal reported.
IAG has also raised more than $1 billion in new capital for future catalog investments led by the private markets investment firm HPS Investment Partners, the people told The Journal.
Stewart joins an IAG roster that includes the Beach Boys, Cher, Joe Cocker, Nat King Cole, David Crosby, Dean Martin, Linda Ronstadt, Graham Nash and Stephen Stills, per the management company’s website.
On Feb. 23, the songwriter is set to release his 32nd studio album, “Swing Fever,” amid the world tour he’s currently on, which is set to end in September — a month after he concludes his 13-year Las Vegas residency at the Colosseum at Caesars Palace with its 200th show, The Journal reported.
