Jason Aldean has sold 90% of his recorded-music catalogue to Spirit Music Group, in a deal sources say was worth upwards of $100 million
Multi-platinum entertainer, Jason Aldean has sold 90% of his recorded-music catalogue to independent music publisher, Spirit Music Group, in a deal sources say was worth upwards of $100 million.
According to Variety, the company announced the news on February 23, revealing that the acquisition includes 90% of the country artist’s catalogue, including nine albums, six of which were previously certified platinum for sales in excess of 1 million.
The deal covers Aldean’s discography dating back to his self-titled 2005 debut album through 2019’s 9, his ninth studio project. This includes 24 chart-topping songs and 34 Top 10 singles. The acquisition also includes neighbouring rights and SoundExchange royalties.
The announcement notes that Aldean has sold 90% of his artist share of the masters; his long-time label, BBR Music Group, retains its portion, and Aldean remains a Broken Bow/BMG recording artist.
Aldean said, “It’s cool that a company like Spirit, that’s been around so long, has taken on my music catalogue. It’s something really important to me, so I’m glad it’ll be looked after.”
Frank Rogers, CEO, Spirit Music Nashville added, “Jason Aldean has been a consistent hitmaker and trailblazer in country music for nearly two decades. His recordings have helped define the sound of modern country music. Spirit Music Group is excited to partner with Jason and we look forward to further championing these important recordings to the world.”
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Jon Singer, Chairman, Spirit Music Group said, “Jason Aldean is one of country music’s elite headliners and the breadth and depth of his work is undeniable. We welcome Jason’s impressive collection of works to the Spirit Music Group catalogue and are committed to being an active partner in safeguarding and building upon the success of these recordings.”
Aldean was represented in the deal by Kent Marcus from Marcus & Colvin LLP. Spirit, which was founded in 1995, was represented by Reed Smith.
Aldean isn’t the only country artist to sell of portions of a music catalogue in recent months. Kenny Chesney recently sold 80% of his catalogue, while Blake Shelton reportedly sold a portion of his catalogue for $50 million in 2021.
Aldean will release the second half of his Macon, Georgia double album on April 22, following part one’s release in November last year featuring the hit duet with Carrie Underwood. The song is up for ‘Single’, ‘Video’ and ‘Music Event of the Year’ at the upcoming ACM Awards on March 8.
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