Like several other major artists have done recently Stevie has sold her catalog rights to a group of investors and a talent management company.
Stevie Nicks has sold a majority of her publishing catalog to the company Primary Wave. The Fleetwood Mac star now becoming one of the highest-profile artists to capitalize on the booming song publishing acquisition market to date.
Primary Wave didn’t share financial details of the sale, but it has been reported that Nicks sold an 80% stake in the catalog, valuing the deal at around $100 million. Not bad for a life’s work. This means she will still receive checks for songwriting amount other things. The deal includes several of Nicks’s biggest hits. Both as a solo artist and member of Fleetwood Mac including “Landslide,” “Edge of Seventeen” and “Dreams,” the last of which returned the charts for the first time in 40 years after resurfacing on TikTok.
The company Primary Wave has also purchased stakes in several prominent artist catalogs like the heavy metal band Disturbed and iconic piano player and singer Ray Charles.
Primary Wave’s founder and CEO Larry Mestel said in a statement. “If Primary Wave were starting our company today, Stevie Nicks would be one of the shining pillars, a true legend among legends. She is a groundbreaking artist, and the longevity of her iconic career comes from writing songs, instantly recognizable and critically acclaimed, that stand the test of time.”
Recently Taylor Swift bought back her music catalog for a big chunk of money.
