Rod Stewart has sold his publishing catalog and recorded-music rights to Irving Azoff’s Iconic Artists Group.
Iconic followed the acquisition news by announcing it had raised more than $1b in new capital for future catalog via HPS Investment Partners.
The arrangement encompasses Stewart's songs from throughout his solo career as well as his tenure in The Faces and Jeff Beck Group.
Noting it’s his 60th year in the biz, Stewart said, “The time is right, and I feel fortunate to have found partners in Irving and his team at Iconic that I can entrust with my life’s work and future musical legacy.”
Stewart will be releasing his 32nd studio album on 2/23, a big-band salute titled Swing Fever (Rhino) with Jools Holland leading the band, and is currently on a world tour.
“We are thrilled to welcome one of the most celebrated singer-songwriters of our time, Rod Stewart, to the Iconic family,” said Azoff, Iconic’s chairman and CEO. "Our new partnership with HPS provides us with the resources and flexibility to make blockbuster signings like this one and to continue the success of our legendary artists and their legacies.”
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