The Beach Boys sold the rights to their intellectual property, becoming the last artist to hand over their copyright to another party.
In the last few months, names like Bob Dylan, Neil Young, Stevie Nicks and Lindsey Buckingham have sold the rights to their previous catalogs.
The Beach Boys have already sold the rights to their entire brand to the group of iconic artists from music industry veteran Irving Azoff. The amount Azoff paid in the deal was not released at the time, but in return, he now owns the group’s master recordings, rights to the Beach Boys’ name, their images, a portion of their publishing rights and all memorabilia. .
As part of the deal, the band will still have a stake in its assets, but Iconic has the power in its business decisions.
The company’s CEO, Olivier Chastan, said Rolling Stone: “The Beach Boys, in a way, are not just a band. They are a lifestyle. They are a consumer brand. And they never really explored it. “
Talking about what fans can expect from the group involved in the aftermarket of their intellectual property, Chastan said Iconic was eager to explore the technological path. “This includes VR, AR, 3D, CGI, natural language processing, etc.,” he said.
“This, for me, is probably the most interesting aspect of what will transform our business. In five years, I could send you a message and say, ‘At 2:00 pm, we are going to put on our Oculus Rift glasses and we are going to see the Beach Boys’ album’ Good Vibrations’ at Western Recorders. ‘ “
He also suggested that the band could be digitally replicated and aged, as in Martin Scorsese The Irish.
Meanwhile, Hipgnosis Sounds Fund has been involved in several businesses involving the sale of artist catalogs recently. In January, it was confirmed that the investment firm had acquired 100 percent of the former Fleetwood guitarist Mac Lindsey Buckingham’s catalog, as well as Jimmy Iovine’s worldwide producer royalties.