![]() While it’s difficult to assign a singular reason for this growth, streaming services have made it easier for younger fans to latch onto music from icons from yesteryears and for older fans to relive their childhood soundtracks. (An estimate of the value of Tupac’s estate wasn’t available.) ![]() Not long before, Bob Dylan sold his songwriting catalogue to Universal Music Publishing Group for at least $300 million. The increased attention to such songs have made the business of legacy artists, including those who are no longer living, increasingly profitable.ĭavid Bowie’s estate recently sold his global publishing rights to Warner Chappell Music for over $250 million. music market, according to music-analytics firm MRC Data. Old music - anything released outside of the past 18 months - now makes up 70% of the U.S. ![]() “You’re taking the idea and the legacy of this artist, and if you can connect that magic to an 11-30 year old, they can become instantly interested in everything that artist did,” said Jampol Artist Management CEO Jeff Jampol, who previously managed Shakur’s estate and currently manages the estates of artists such as the Doors and Janis Joplin. ![]()
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