Hipgnosis Songs Fund Ltd on Wednesday said it had reached an agreement on the terms of an increased takeover offer from music rights acquirer Alchemy Copyrights, which trades as Concord Chorus.
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The Beach Boys sell the rights to their intellectual property
Artists including Bob Dylan, Neil Young and Stevie Nicks have previously sold the rights to their catalogues
18th February 2021
The Beach Boys in 1964, (L-R) Al Jardine, Mike Love, Dennis Wilson, Brian Wilson, Carl Wilson. CREDIT: Michael Ochs Archives/Getty Images
The Beach Boys have sold the rights to their intellectual property, becoming the latest artist to hand over their copyright to another party.
In recent months, the likes of Bob Dylan, Neil Young, Stevie Nicks and Lindsey Buckingham have all sold off the rights to their back catalogues.
The Beach Boys have now sold the rights to their entire brand to music industry veteran Irving Azoff’s Iconic Artists Group. The amount Azoff has paid in the deal has not been made public at present but, in return, he now owns the group’s master recordings, the rights to the Beach Boys’ name, their likenesses, a share of their publishing rights and all memorabilia.