Music company BMG and investment firm KKR on Tuesday announced that they have acquired the entire music interests of rock icons ZZ Top.
The ZZ Top agreement includes a buyout of the band’s publishing catalogue and their income from recorded royalties and performance royalties. Previously, BMG served as co-publisher and administrator of ZZ Top’s publishing catalogue.
ZZ Top manager Carl Stubner of Shelter Music Group said, “We are proud to continue working with and expand our long-standing relationship with BMG. This new deal ensures ZZ Top’s remarkable legacy will endure for generations to come.”
“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,” added BMG CEO Hartwig Masuch.
Jenny Box, Partner at KKR, said, “We are excited to invest in ZZ Top’s iconic music and we look forward to collaborating with BMG and ZZ Top to further amplify the reach of their catalogue.”
Selling more than 50 million albums over their half-a-century long career, ZZ Top was inducted into the Rock & Roll Hall of Fame in 2004.
(Photo: Ross Halfin)
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