As reported by The Times on July 10, Peter Grant’s daughter, Helen Grant, decided to sell her share of a 10% stake in Led Zeppelin’s music and the band’s name.
According to The Times, the late manager possessed a 20% ownership share of the musical rights belonging to Led Zeppelin, which was divided equally between his children Helen and Warren after his death in 1995.
London-based New Media Law is in charge of the sale of Helen’s share, and the firm’s Ian Penman said the following about the deal while recently speaking to Music Business Worldwide:
“Her father managed Led Zeppelin and owned 20 percent of the Zeppelin companies. So [the deal] is quite rare in that respect because it includes trademarks. It includes the name. The name, Led Zeppelin, is owned by a company that Helen co-owns.”
He added:
“[I] persuaded [Helen Grant] to go public [with the sale] because we want to make sure that everyone that’s out there that might be interested is aware of this because it’s such an iconic [deal]. [Deals like this] just never happen really. And especially on one of your all-time favorite bands. It’s a dream world to be involved with the story at all.”
As MBW reported, Irving Azoff’s Iconic Artists Group was one of the companies that approached Helen for purchase before the sale went public, and several other parties have since made their proposals.
It marks the first time someone outside the band members, Jimmy Page, Robert Plant, and John Paul Jones, as well as the estate of the late drummer John Bonham, is set to sell a stake in Led Zeppelin’s business.
