Irving Azoff‘s Iconic Artist Group continues its acquisition binge, buying of Linda Ronstadt’s recorded music assets, which is a combination or artist royalty income stream from her master recordings and also ownership of some of her masters. Terms of the deal were not disclosed.
The deal includes a partnership with Ronstadt and her business team — including manager John Boylan and Janet Stark — to market her catalog and preserve her legacy in the digital era. It follows on recent partnership/acquisitions with the Beach Boys and David Crosby.
“Linda’s talent is unparalleled, but her courage and commitment to make important music of many genres is her legacy,” said Azoff, chairman/CEO of the Azoff Company. “We will preserve that legacy for her at all costs.”
Last year, the Ronstadt catalog generated activity commensurate with about 200,000 album consumption units.
Azoff noted that Ronstadt toured often with the the Eagles, who he manages, saying that their collaborations are the backbone of the history of Southern California music.
“It’s extremely gratifying to be in the company of Irving Azoff, his team, and his family of great artists, many of whom have been my friends and colleagues for years,” Ronstadt said in a statement. “It feels like home.”
Ronstadt launched her career covering Michael Nesmith’s “Different Drum,” as part of the Stone Poneys but soon went solo — with mega-hits in the 1970s like “Blue Bayou,” “You’re No Good,” “When Will I Be Loved” and “It’s So Easy” soon following. In the 1980s, the prolific Ronstadt released a trilogy of jazz albums with bandleader Nelson Riddle, a country record with Dolly Parton and Emmylou Harris, and later she highlighted her Mexican heritage with hit Mariachi albums like Canciones de Mi Padre and Mas Canciones. She put a button on the eighties with “Don’t Know Much,” a duet with Aaron Neville that rose to No. 2 on the Hot 100 in December 1989.
Iconic says it fills a void in the music business for legendary artists as a guardian of artists’ intellectual property with the expertise to expose their music to new generations.