Round Hill Music and Bush frontman Gavin Rossdale has acquired the first four Bush albums from Kirtland Records.
Terms of the deal, which also included a fifth Bush title, were not disclosed. But sources say Round Hill paid about $5 million for the band's catalog, which had been shopped by EIG, a Los Angeles-based boutique investment bank.
While ownership is split equally between Round Hill and Rossdale, the firm will serve as the administrator of the catalog, with the recordings being released on Round Hill Records. The deal represents the first master recording acquisition done by Round Hill.
"We are privileged to own these iconic recordings," Round Hill CEO Josh Gruss said in a statement. "It's even more of a privilege to own them in partnership with Gavin, the lead creator of these copyrights."