Roxy Music’s Bryan Ferry Sells Stake In Catalog to Irving Azoff’s Iconic Artists Group

Murray Stassen / MusicBusinessWorldwide.com - Bryan Ferry Read at Music Business Worldwide

Irving Azoff’s Iconic Artists Group has struck a music rights deal with Bryan Ferry, the vocalist and principal songwriter of the British rock group Roxy Music.

The deal encompasses a range of assets from Ferry’s career including his solo work, as well as his time with Roxy Music.

The company has acquired 50% of Ferry’s sound recording, publishing, and name, image and likeness rights.

The deal with Ferry marks the latest for Iconic Artists Group and follows the company’s recent acquisition of Rod Stewart’s catalog.

The Wall Street Journal reported that Stewart sold his interests in his ‘publishing catalog and recorded music, as well as some name and likeness rights’ to Iconic for around $100 million.

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Rod Stewart Sells Catalog To Iconic Artists Group For Around $100M; Company Raises $1BN To Buy

Murray Stassen / MusicBusinessWorldwide.com - Rod Stewart Read at Music Business Worldwide

Irving Azoff’s Iconic Artists Group has secured a strategic investment from HPS Investment Partners (HPS), an investment firm with $107 billion in assets under management.

The investment from HPS, together with senior debt financing from third parties, provides Iconic with access to $1 billion of capital.

With HPS’ support, Iconic will further solidify its position as the trusted partner of choice for artists and their estates seeking to maximize the value of their portfolios and ensure their music continues to inspire and resonate with audiences for generations to come.

Iconic has also finalized what it calls a wide-ranging cross-media partnership with legendary artist Rod Stewart to “acquire, develop, and expand his six-decade musical legacy to new generations of fans”.

A two-time inductee into the Rock & Roll Hall of Fame and one of music’s best-selling artists, Iconic says that the “landmark arrangement encompasses Stewart’s songs spanning his monumental solo career, as well as tenure in two iconic groups, the Faces and Jeff Beck Group”.

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Rod Stewart Sells Song Catalog as Music-Rights Fundraising Surges

Anne Steele / WSJ.com - Rod Stewart Read at The Wall Street Journal

Rod Stewart, the star behind such hits as “Maggie May” and “Da Ya Think I’m Sexy,” has sold his song catalog as the music-rights market draws a flurry of fresh capital.

Stewart sold his interests in his publishing catalog and recorded music, as well as some name and likeness rights, to music-industry executive Irving Azoff’s Iconic Artists Group for nearly $100 million, according to people familiar with the matter. Iconic on Thursday said it also raised more than $1 billion in new capital for future catalog investments led by the private markets investment firm HPS Investment Partners.

Stewart, 79, boasts a catalog that includes 10 No. 1 albums, and he has charted six consecutive decades with studio albums that sold more than one million copies each. The rights he sold span his solo career as well as his time as a member of Faces and the Jeff Beck Group.

Read more at The Wall Street Journal

Graham Nash’s Music Catalog Acquired by Irving Azoff’s Iconic Artists Group

By Jem Aswad / Variety.com - Graham Nash Read at Variety.com

Graham Nash — member of the Hollies and Crosby Stills Nash & Young, Grammy winner, two-time Rock and Roll Hall of Fame inductee, and two-time Songwriters Hall of Fame inductee — has entered into an agreement with Irving Azoff’s Iconic Artists Group that will see the company acquiring, developing, and expanding his musical legacy.

The deal encompasses a range of assets from Nash’s career, including his solo work as well as of his work with the Hollies and the various incarnations and variations of Crosby, Stills, Nash & Young. Further terms were not disclosed.

The deal follows Iconic’s acquisitions of assets of Cher, Joe Cocker, Nat King Cole, Crosby, Dan Fogelberg, Dean Martin, Linda Ronstadt, and Stills. Iconic launched in January 2020 with the acquisition of a controlling interest in the catalog of the Beach Boys.

Read more at Variety.com

Dan Fogelberg Estate Inks Deal With IAG to Bring the ‘Leader of the Band’ Singer to New Generation

By Melinda Newman / Billboard.com - Dan Fogelberg Read at Billboard.com

Iconic Artists Group co-founder Irving Azoff and the late Fogelberg were college friends who came to LA together to find their fortunes.