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?
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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