Julian Casablancas has offered a stake in The Strokes catalogue.
The ‘Final Nite’ hitmaker has offered a portion of the publishing rights and mastering rights to Main Wave for an undisclosed sum, though it’s unclear how a lot of the corporate he has purchased.
A Main Wave spokesman stated the deal solely contains the rights to the band’s singer, not his different tasks, together with his solo materials and one other band, Voidz.
David Weitzman, Companion at Main Wave, stated in a press release: “Main Wave is delighted to associate with Julian Casablancas for his work on The Strokes.
“Julian’s extraordinary skills as a songwriter, singer and chief infuse the magic that’s The Strokes.
“The Strokes are one of many greatest bands of this century and they’re beloved by a multi-generational viewers that has made them headliners at world festivals.”
Julian is the newest in a string of huge identify stars to promote the rights to their music to firms like Main Wave and Hipgnosis Music Administration.
Final week, Justin Timberlake struck a take care of Hipgnosis Music Administration, which was based by Merck Mercuriadis and Nile Rodgers in 2018, to promote his again catalog for $100 million.
He confirmed the information in a press release saying, “I am excited to associate with (Hipgnosis founder and CEO Merck Mercuriadis).
“He values artists and their inventive work and has all the time been a robust supporter of songwriters and storytelling. I sit up for coming into this subsequent chapter.”
Merck added, “Justin’s unimaginable catalog will be part of different superb work at Hipgnosis that we all know will function an excellent steward of his work. We sit up for an excellent partnership between Justin and Hipgnosis.”
An actual quantity for the sale has not been launched, however The Wall Road Journal studies the deal might be value greater than $100 million.
Justin follows within the footsteps of different stars, together with Shakira and Neil Younger, who offered components of their again catalog to the identical firm earlier this 12 months.
Shakira offered all of her work for an undisclosed sum, whereas Neil half with 50 % of his recordings for an estimated $150 million.
Stevie Nicks was reportedly paid $100 million in late 2020 after promoting a stake in her publishing rights to Main Wave.