Neil Young Latest Artist To Sell Off Song Catalog
LOS ANGELES, CA - FEBRUARY 06: Singer Neil Young performs onstage at the 25th anniversary MusiCares 2015 Person Of The Year Gala honoring Bob Dylan at the Los Angeles Convention Center on February 6, 2015 in Los Angeles, California. The annual benefit raises critical funds for MusiCares' Emergency Financial Assistance and Addiction Recovery programs. (Photo by Frazer Harrison/Getty Images)
Neil Young is the latest legacy star to sell off his song catalog for a hefty fee.
The 75-year-old is selling a 50 percent stake of his catalog to Hipgnosis Songs Fund, for a whopping $150 million.
Other high-profile artists including Stevie Nicks, Bob Dylan, and Young’s former bandmate David Crosby have also sold off their libraries in recent weeks.
Why are so many stars selling off their song rights? Are you surprised to see an anti-commercial artist like Neil Young make this move?
