June 30 (Reuters) – Common Music Group (UMG.AS) on Thursday introduced an settlement to amass rock guitarist and composer Frank Zappa’s catalog of music, recordings and movie archive for an undisclosed price.
Large-name artists reminiscent of Bob Dylan, Sting and Neil Diamond within the current previous have offered their catalogs to music labels, serving to them generate extra income from licensing, model offers and royalties. learn extra
The label stated its music publishing arm Common Music Publishing Group will obtain Zappa’s publishing catalog together with album “Joe’s Storage”, songs “Cosmik Particles” and “Uncle Remus”, amongst others.
During the last decade, UMG’s international catalog firm Common Music Enterprises and The Zappa Belief reissued lots of Zappa’s iconic albums on vinyl and made his catalog of music accessible for streaming and obtain.
UMG, which additionally represents and collects royalties for artists reminiscent of Taylor Swift, Billie Eilish and Korean pop group BTS, had stated in Could they anticipate the growth within the music streaming trade to proceed. learn extra
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Reporting by Akash Sriram in Bengaluru and Daybreak Chmielewski; Enhancing by Krishna Chandra Eluri
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