Motley Crue might have (sort of) emerged from retirement recently, but being back together hasn’t stopped them from sureing up their financial futures.
The original glam rockers have apparently pocketed a staggering $150 million this week (according to Variety) for the sale of their back catalog to BMG, including studio albums, live albums, and compilations.
“It feels amazing to be collaborating with our new partners at BMG,” said Motley Crue in a statement.
“Their extensive track record of success in rock made them the perfect home to continue preserving and growing our musical legacy, ensuring we always stay at the top.”
“After working side by side with BMG for well over a decade, the relationship we have developed and success we’ve accomplished over the years made this a very easy transition to entrust with this treasured rock catalog,” added band manager Allen Kovac.
“Working with BMG in any capacity, whether that’s publishing or records, has always been a great experience.”
The Crue join the growing club of legacy acts who have sold off their back catalogue towards the end of their respective careers, following the steps of Bob Dylan ($300 million), Def Leppard and Neil Young ($150 million).
If you can’t rely on Vince Neil to sing your songs live, it’s good to know there are other options I guess….
