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Beach Boys to sell music catalog to Irving Azoff-led company
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The Beach Boys confirmed they have sold their music catalog and other assets.
The Rock and Roll Hall of Famers announced Thursday that Iconic Artists Group, run by music exec Irving Azoff, has purchased a controlling interest in their intellectual property including "their sound recordings, the brand, select musical compositions, and memorabilia," per Variety.
As part of the deal, the Beach Boys and their heirs will retain an interest in their assets to “participate in the upside Iconic expects to create by actively marketing and promoting the Beach Boys.”
Other financial terms of the deal have not yet been disclosed.
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