Rod Stewart Sells Song Catalog for Almost $100 Million
Rod Stewart has sold the rights to his catalog to Irving Azoff’s Iconic Artists Group for close to $100 million. “Irving and I are a couple of old-timers and I believe we have a mutual respect and admiration for each other,” Stewart said in a statement given to the The Wall Street Journal. “My life’s work is in safe hands with him.” Other artists who have also sold their catalog to Azoff’s company include the Beach Boys, Cher, David Crosby, Linda Ronstadt, Graham Nash and Stephen Stills. Additionally, Iconic has reportedly raised over $1 billion to invest in future catalog purchases. READ MORE...