Rod Stewart has reportedly sold the rights to his catalog to Irving Azoff‘s Iconic Artists Group for close to $100 million.
“Irving and I are a couple of old-timers and I believe we have a mutual respect and admiration for each other,” Stewart said in a statement to the The Wall Street Journal. “My life’s work is in safe hands with him.”
“We are thrilled to welcome one of the most celebrated singer-songwriters of our time, Rod Stewart, to the Iconic family,” said Irving Azoff, Chairman and CEO of Iconic. “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.”
Other artists who have also sold their catalogs to Azoff’s company include The Beach Boys, Cher, David Crosby, Linda Ronstadt, Graham Nash and Stephen Stills.
Stewart is currently set to release his 32nd album, Swing Fever, on February 23, a collaboration with Jools Holland. Primarily recorded live in the studio, it features 13 covers of classic big band numbers.
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