Billy Gibbons On His Decision To Sell ZZ Top’s Music Catalog
In a recent conversation with American Songwriter, ZZ Top guitarist Billy Gibbons said that selling their publishing catalog was the right move to get the most out of what they’ve produced.
Many prominent artists’ decisions to sell their entire music catalogs seem to be a new trend in the music industry. Following Bob Dylan and David Crosby, who made a deal with major music companies to sell their publishing catalogs, other names like Mötley Crüe and Bruce Springsteen also decided to compromise on an agreement to sell their masters and publishing rights.
ZZ Top also followed their counterparts’ footsteps and sold their entire music catalog to BMG and the investment company KKR for approximately $50 million. Following the sale, BMG CEO Hartwig Masuch and KKR’s Jenny Box expressed their happiness in investing in such an enduring band that has succeeded in remaining and producing in the rock scene for long years.
In his recent interview, Billy Gibbons shared his thoughts on their decision to sell their entire catalog. The guitarist said they sensed it was the right time to do it, so he considered it a rational choice. Gibbons explained that they’ve been working with professional names who know how to maximize the profit of what they’ve produced during all these years. Thus, they wanted to take what they could most get while still active in the music business.
Billy Gibbons’ words on selling their catalog:
“Seemed like the time was right for it to happen. We’re still very much in the music business and in league with some pros who know how to get the most out of what we’ve done over the years.”
ZZ Top are currently on the road for their Raw Whisky Tour. They have been performing in various cities in the United States since May 2022. The band is scheduled to deliver shows also in September and October 2022.