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Sheryl Crow Cashes In On Music Catalogue
Posted on Mon Aug 24, 2009 08:41 AM PDT
Sheryl Crow has sold her music publishing catalogue to an Australian asset management group for an estimated 10 million bucks.
The deal gives the company the majority of royalties from her long string of hits, including "All I Wanna Do."
According to the Wall Street Journal, investors are attracted to music publishing - the ownership and promotion of copyrights on melodies and lyrics - because of the steady income from royalties.
So why do you think Sheryl is selling? Is this a wise investment for her - or does she just really need the cash?
Maybe she just wants to set up a nice trust fund for baby Wyatt?
Links:
Sheryl Crow
SEE MORE:
Sheryl Crow Is A Hands-On Mom - Mar 30, 2011
Sheryl Crow Handles Baby Levi With Care - Jul 23, 2010
Sheryl Crow Adopts Another Baby - Jun 04, 2010
Crow's Ready To Fly To Cougartown - Feb 09, 2010
Until The Sun Comes Up ... - Apr 07, 2009
Sheryl Crow Is A Hands-On Mom - Mar 30, 2011
Sheryl Crow Handles Baby Levi With Care - Jul 23, 2010
Sheryl Crow Adopts Another Baby - Jun 04, 2010
Crow's Ready To Fly To Cougartown - Feb 09, 2010
Until The Sun Comes Up ... - Apr 07, 2009
Comments
i find the sale very strange..why would she sell?...and extremly low.10 mill? wit all her hits..my opinion , bad move
It's kind of like her business.
Very smart move, she is up there in age she can take that 10 million and invest it as the economy comes back, that will give her and her baby a nice nest egg, her hits might bring in more but it would be streched out years of royalties...
Maybe she'll deposit it in the bank that took taxpayer money and hired her to do a concert. She was such a creep about it too. All these performers are so greedy.
I have No respect for her! $10 million is a joke!
She's broke that explains why she wipes her a.s.s. with one square...lol.
Maybe all her (out of her league exes) dried up her bank accounts.
She's done musically--hasn't had a hit in years. Must need the money she's another a$%hole "singer" who thinks everyone needs to pay to hear her music. Hope ALL the greedy ones go broke like her--they all talk crap then sell out eventually. Look at Mellencamp in the 80's he trash talked people who allowed their music to be used for commercial purposes--guess what he's doing it now. Their all a bunch of hyprocrites.
This sounds stupid. Her hit-making days are pretty much over, yet she has sold the rights to all of the past hits which will always make her money. Laura Nyro did this many years ago and lived to regret it. Very strange move.