1 of 1- aflem
- Member
Offline 
- Registered: August 11, 2019
- Posts: 1,434
Neil Diamond Sells Entire Catalog to Universal Music
Another one sells out. Neil Diamond has become the latest in a growing list of veteran artists to let go of their catalogs for mega millions of dollars as they get older. Diamond is now 81 and suffering from Parkinson's disease, which has effectively ended his career. But while age may have slowed him, nothing weakens the value of those incredible tunes he's written over the course of a lifetime.
And it's not just familiar hits like "Solitary Man," "Song Sung Blue," "Sweet Caroline" or "Cracklin' Rosie."
"Diamond’s work as a songwriter is particularly valuable, not only for his own recordings but for the many cover versions of his songs that have become hits by other artists, like “I’m a Believer” by the Monkees..."
- Little Rich
- Member
Offline
- From: Juneau, Alaska
- Registered: December 31, 2018
- Posts: 332
Re: Neil Diamond Sells Entire Catalog to Universal Music
Is this a relatively new business tact by rock artists? My guess is that they are nearing the "end of their game" and hoping to increase their unit value, i.e. increase their product worth, because of anticipated discontinuation of any new music produced by them.
- aflem
- Member
Offline
- Registered: August 11, 2019
- Posts: 1,434
Re: Neil Diamond Sells Entire Catalog to Universal Music
I suspect that's exactly what this is - one last chance to cash in on a legacy that, in some cases, is worth a fortune.
Last edited by aflem (February 28, 2022 5:46 pm)
- •
Thread Starter