Beach Boys Sell Controlling Interest in Intellectual Property to Irving Azoff’s Iconic Artists Group
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Beach Boys Sell Controlling Interest in Intellectual Property to Irving Azoff’s Iconic Artists Group

Rock and roll hall of famers the Beach boys Has become the latest artist to sell its inventory and other assets: the group announced Thursday Irfan irvingThe recently launched Iconic Artist Group has purchased a controlling interest in its intellectual property, including its sound recordings, brands, selection of musical compositions, and memorabilia. According to the announcement, members of the Beach Boys and their successors will maintain an interest in their assets, “actively participating in the upcoming iconic expectations to market and promote the Beach Boys.”

Terms of the deal and further details were not immediately available, although most of the group’s classic 60s inventory is from Universal Music Group. “Rights are divided – this is not the end of the world,” says Olivier Chester of Iconic. Bruce Resnikoff of Universal explained, “We have original recordings, and we have publications, but our ability to do the most with this band depends on our ability to work with the band. Iconic would represent bands in a way that would only increase, I think, value for all. “

More than variety

While artists from Bob Dylan to Calvin Harris have sold their publishing or record-musical assets over the years, this over-the-top move is similar to recent deals made by Primary Wave, which not only changed the song -Based assets, but also artist brands and similarities, such as their 2017 deal with the Bob Marley Estate.

Brian wilson, Mike Love, Al Jardine and Carl Wilson Estate commented, “The Beach Boys and our songs have been one of the great joys of our lives. For more than half a century, we have seen generations of fans from all corners of the world celebrate our music, dance and singing with songs we love and have been doing for decades. As we look forward to the upcoming 60th anniversary of The Beach Boys, we wanted to help a partner expand their brand opportunities, while continuing to preserve our tradition as a band whose musical timing. Meets the test of We believe Irving and Iconic are ideal mates and are convinced that The Beach Boys’ ongoing legacy is in the best of hands. We are very proud of what we achieved as The Beach Boys and how our songs resonated with our fans. “

“The Beach Boys are an American treasure,” added Azoff, chairman and CEO of The Azoff Company. “I feel honored that the Beach Boys have entrusted Iconic to preserve and develop their heritage. And I am thrilled that the Beach Boys want to be invested in the growth of the incredible cultural brand they have created. “

Olivier chester, Founder and CEO of the Iconic Artists Group, continued, “Ever since I heard the opening guitar notes of CEO Will It It Be Nice ‘as a teenager, The Beach Boys has been one of the enduring soundtracks of my musical life. Both humble and thrilling to be entrusted as patrons of this incredible art and heritage. I want to thank Brian, Mike, Al and the Carl Wilson family for their faith in the unique mission of Iconic. “

Launched last year, Iconic Artists Group is “dedicated to actively acquiring and activating a portfolio of select artists’ assets, preserving the important heritage of these music icons,” the announcement reads in part. “There seems to be a void in the music business for iconic artists: a trusted steward to an artist’s intellectual property with the expertise to maximize property value and maintain their brand. Iconic provides an alternative for those artists Who value heritage preservation; Iconic is dedicated to exposing the artistry and music of its artists to new generations. Iconic works in direct partnership with artists, their managers, record labels and publishers and legal heirs so that one To provide a solution that unites the brand to play music efficiently in both. “

Different types

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