Feb 10 β€’ 22:39 UTC πŸ‡«πŸ‡· France France24

Britney Spears sells rights to her music catalog for some $200 million, US media reports

Britney Spears has reportedly sold the rights to her music catalog for approximately $200 million.

Pop icon Britney Spears has reportedly sold her music catalog rights for around $200 million, marking yet another significant transaction in the ongoing trend of artists monetizing their work. This deal includes her iconic hits such as '...Baby One More Time' and 'Oops!...I Did It Again', and positions her alongside other notable artists like Bruce Springsteen and Bob Dylan, who have made similar sales in recent years. This sale reflects a growing trend within the music industry where artists are selling their catalogs to secure immediate financial gains rather than relying on fluctuating streaming revenues. The rights were purchased by Primary Wave, a music publishing powerhouse known for managing the works of legendary artists such as Whitney Houston and Bob Marley. The move indicates a strategic shift among artists like Spears, who may pursue financial independence after previously being tied to conservatorships, like the one she recently exited. Industry experts suggest that selling music rights has become an attractive option for older artists looking to capitalize on their legacy and provide for their families. Spears' high-profile sale also highlights how music catalog sales have become a lucrative market, drawing interest from investors aiming to profit from established music libraries. The exact amount of the sale remains unspecified in legal documents, but it points to Spears' enduring popularity and the perceived long-term value of her musical contributions, potentially serving as a blueprint for other artists contemplating similar sales in the future.

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