Members of The Beach Boys have sold controlling interest of their recordings. They’ve entered into a partnership with Irving Azoff‘s new venture, Iconic Artists Group and the deal also includes their brand, select musical compositions, and memorabilia. The members of The Beach Boys and their heirs will retain an interest in their assets.
The timing of the deal is in preparation of the band’s upcoming 60th anniversary, so they could expand promotion opportunities.
A statement released from Brian Wilson, Mike Love, Al Jardine, and the Carl Wilson estate read: “The Beach Boys and our songs have been one of the great joys of our lives. For more than half a century, we’ve witnessed generations of fans from all corners of the world come together to celebrate our music, dancing and singing along to the songs that we have loved and performed for decades.”
To date, The Beach Boys are one of the most successful bands of all time, and have sold over 100 million records worldwide.
TL;DR:
- Members of The Beach Boys have sold controlling interest of their recordings to one of Irving Azoff‘s companies.
- The members of The Beach Boys and their heirs will retain an interest in their assets.
