David Crosby Says He Was Scared To Lose His House If He Didn’t Sell His Music Catalog
In a recent interview with Rolling Stone, David Crosby talked about his upcoming eighth solo studio album ‘For Free’ by sharing the details of it and also admitted that he had to sell the rights of his entire music catalog while he had been through a financial crisis.
It has been known that David Crosby teamed up with his son and CPR bandmate, James Raymond, as the songwriter and produced for his upcoming studio album ‘For Free.’ The album’s first single ‘Rodrigez for a Night’ was released on June 23, 2021, and received very positive comments from fans and music critics. ‘For Free’ will be released on July 23, 2021.
Previously, David Crosby announced that he would sell his entire music catalog after Bob Dylan had sold it to Universal Music Publishing Group for $400 million. Crosby sold the rights of his works to Irving Azoff’s Iconic Artists Group because of his financial problems. He emphasized that he cant perform live shows and earn any money from his new records.
During a recent interview, David Crosby stated that he didn’t want to sell his music catalog but he didn’t have any choice. He had been through a financial crisis and he was about to lose his house because he couldn’t pay its debts. He mentioned that he can’t earn money from his live shows and records even though his current net worth is declared as $2 million.
In Crosby’ words, he said:
“That wasn’t a thing I wanted to do, but doing that deal with Irving made it possible for me to not worry about the money. I paid off my house. That was really scary. We were really worried we were going to lose it. I couldn’t work live and I couldn’t make any money doing records. That deal made a difference for us. It really helped a lot.”
David Crosby implied that he had been through hard times until he sold his entire music catalog to Irving Azoff’s Iconic Artists Group although he has been one of the most famous and successful rock stars of all time.