The new owner is music mogul Irving Azoff and he claims he plans to guard - but also monetize - the Beach Boys' legacy. 

"This deal is different from those made by Neil Young or Bob Dylan — whose songs fetched as much as $300 million — in that the band is giving Azoff’s company, Iconic, control over everything from their social-media accounts to their names, likenesses and life stories. He will be the steward of the Beach Boys, overseeing their work even after the remaining members die."

Music Mogul Buys Beach Boys Songs, Calling Band ‘Underappreciated’