ZZ Top also sold their record catalog: the price was 50 million dollars

Recently, more and more long-standing musicians and bands have started to sell their record catalogs for large sums of money to big companies. This year, for example, it has been reported that singer-songwriters Bob Dylan and Neil Young have sold their own records for huge sums, and a short while ago Mötley Crüe sold their own output to BMG for $150 million. Bruce Springsteen, on the other hand, received $500 million for his own catalog.

Now the legendary rock and roll band ZZ Top have also jumped on the bandwagon, selling their own recordings to BMG and investment firm KKR. According to Variety, the deal came in at $50 million, which seems like a relatively small sum compared to the band’s hits, and other recent deals.

“This deal is a testament to the success, staying power and continuing musical relevance of ZZ Top, but also to the power of our partnership with KKR. This agreement furthers our vision of providing artists and songwriters not just a financial exit, but also a vehicle committed to respecting and treasuring their artistry”, says BMG’s CEO Hartwig Masuch.