John Legend Sells His Music Catalog Dating Back To 2004

Grammy Award-winning artist John Legend has sold his whole music catalog after reportedly being offered a deal in Sept. 2021. DL Music IP LP, an associate of San Francisco-based KKR Credit Advisors, and BMG Rights Management each obtained a 50% stake in the catalog, according to a report from Bloomberg.

While the monetary details of the contract have not been publicly revealed, it has been verified that the singer-songwriter sold the copyrights to his music works from John Legend Music Inc. and his rights to collect royalty checks from any songs he wrote from Dec. 1, 2004, to Jan. 1, 2021.

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BMG and KKR will join forces to source individual transactions to acquire music catalogs, bringing together BMG’s deep industry knowledge and global capabilities in maximizing value for its artists with KKR’s vast network, resources and deep experience as an investor in market-leading music, digital, media and content businesses,” the official announcement reads.

BMG and KKR initially published their music partnership in Mar. 2021 in an action to “pursue recorded music, music publishing and other music rights acquisitions.”

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Legend is one of only 15 people to have reaped E.G.O.T. status with an Emmy for Outstanding Variety Special (Live) in 2018 for his part as executive producer in Jesus Christ Super Star Live In Concert, 10 Grammy wins, an Oscar at the 87th Academy Awards for Best Original Song for his song “Glory”. #Socialites do you think this was a smart move?