Why Music Artists Like Eve Are Selling Their Music Catalogs [Forbes]
Goldman Sachs Group, Inc. (The) (GS)
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Source: Forbes
Getty Images for The Recording Academy It was once believed that rap and hip-hop would be a passing fad, yet those genres along with R&B have dominated the last decade of music, with people betting big on the future worth of nostalgia listening. Now hip-hop icon Eve is parting ways with her music catalog for an eight-figure deal, in the ballpark between $25 million and $50 million , according to Music Business Worldwide. As the value of music catalogs soars, artists like Eve are weighing the pros and cons of parting with their intellectual property, a decision that can have lasting impacts on their careers and legacies. The Breakdown You Need To Know: Iconoclast, a music management company, acquired the publishing rights to the Grammy-winning rapper and actress's entire catalog. The acquisition encompasses Eve's complete body of work, including her groundbreaking 1999 debut album "Let There Be Eve...Ruff Ryders' First Lady." This album was a significant milestone in Eve's caree
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