American rock band Kiss recently sold their catalog, brand name, and IP to a Swedish company for over $300 million, following the trend of big acts making such deals. The majority of music streamed comprises catalog music, indicating its significant revenue potential.
Notable artists like Bruce Springsteen, Bob Dylan, Paul Simon, Neil Young, and David Bowie have also sold their music catalogs, with deals ranging from hundreds of millions to half a billion dollars, underlining the valuable nature of music catalogs.
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