Years ago, Hall and Oates sold part of their catalog. Now it appears that Oates recently agreed to sell at least some of his remaining rights.
Last week, Broadcast Music Inc. - a major holder of music rights - was sold in a deal that could be worth $1.7 billion, according to industry trade outlet Music Business Worldwide. Morgan Stanley is partnering with a large music publishing company to spend $700 million to acquire song copyrights. Katy Perry sold catalog rights to five of her albums for $225 million.
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