Recently, some of the most well-known songwriters on the planet have made headlines for cashing in on their publishing catalogs. Stevie Nicks, Shakira and Calvin Harris are just a few of the stars to score multi-million dollar deals thanks to their songwriting credits.
In a time where artists, producers and songwriters are often drawing attention to music rights and the importance of owning catalogs, why are so many selling them off? And what does it mean for the current state of the music industry?
Watch the latest episode to Billboard Explains to find out why songwriters are selling publishing catalogs, including a look at some of the most notable sales in recent memory, the main reasons for sales to take place, and why so many companies are eager to buy them up.