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ZZ Top Sells Song Catalog For $50 Million

SINGAPORE - SEPTEMBER 25: Billy Gibbons (R) and Dusty Hill of ZZ Top perform on stage on day 2 of the F1 Rocks Singapore concert at Fort Canning Park on September 25, 2009 in Singapore. (Photo by Alphonso Chan/Getty Images)

ZZ Top have joined the growing list of legacy artists who cashed out in 2021. The band just sold its song catalog to BMG and KKR for a reported $50 million. It’s the latest in a string of big-money publishing deals in the last year – including artists like Stevie Nicks, Neil Young, Bob Dylan, and Bruce Springsteen – who sold his catalog for a whopping $500 million earlier this month.

Why are so many artists selling off their song catalogs?  What does it mean for the music industry?

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