Beach Boys to sell music catalog to company run by Irving Azoff

Beach boys confirmed to have sold their catalog of music and other assets.

The Rock and Roll Hall of Famers announced Thursday that Iconic Artists Group, led by music executive Irving Azoff, has acquired a controlling interest in their intellectual property, including “their sound recordings, branding, selected musical compositions and memories “, by Variety.

As part of the deal, the Beach Boys and their heirs will retain an interest in their assets to “participate in the rise Iconic expects to create by actively marketing and promoting the Beach Boys.”

Other financial terms of the deal have not yet been disclosed.

NEW BEACH BOYS ALBUM LIKE “1965 ALL OVER AGAIN”, SAYS MIKE LOVE

“The Beach Boys and our songs have been one of the greatest joys in our lives,” said band members Brian Wilson, Mike Love, Al Jardine and Estate Carl Wilson in a joint statement.

Clockwise from left, the Beach Boys are Al Jardine, Mike Love, Brian Wilson, Dennis Wilson and Carl Wilson. (Getty)

“For over half a century, we have seen generations of fans from all corners of the world come together to celebrate our music, dance and sing along to the songs we have loved and performed for decades. As the Beach Boys’ 60th anniversary approached, we wanted a partner to help expand opportunities for our brand, while continuing to uphold our tradition as a band whose music transcends the test of time. We believe Irving and Iconic are the ideal partners and we believe the continuing Beach Boys legacy is in the best hands possible. We are very proud of what we have accomplished as Beach Boys and how our songs continue to resonate with our fans, ”the statement continued.

STEVIE NICKS IN A $ 100M PUBLICATION RIGHTS AGREEMENT WITH PRIMARY WAVE MUSIC

Meanwhile, Azoff has called the Beach Boys an “American treasure” and is honored that the group “has entrusted Iconic with the preservation and growth of their legacy.”

Other major artists have recently sold their music publishing rights. Bob dylan sold the rights to all of its songs to Universal Music Group in December 2020 and Stevie Nicks sold the rights to his songs to Primary Wave Music around the same time.

Citing people familiar with the transaction, the the Wall Street newspaper reported that the sale was made for $ 100 million, giving the company an 80% stake in the rights.

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The purchase also gives Primary Wave the rights to Nicks’ name and image, and the singer will be allowed to sign new songwriters in a joint venture.

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