Robbie Robertson attends a press convention to advertise the film "As soon as Had been Brothers: Robbie Robertson and The Band" through the 2019 Toronto Worldwide Movie Competition in Toronto., on Thursday, Sept. 5, 2019. THE CANADIAN PRESS/Andrew Lahodynskyj
TORONTO --
Robbie Robertson is taking a load off with the sale of music rights for his six-decade profession.
The 78-year-old Toronto-born performer has struck a cope with Iconoclast, a brand new Los Angeles funding agency, for possession of his recorded pursuits and music publishing rights overlaying his profession to this point.
Robertson's profession spans an array of defining rock songs, together with his early work with the Hawks, influential hits "Up on Cripple Creek," "The Form I am In," "The Night time They Drove Previous Dixie Down," in addition to work on the scores on quite a few Martin Scorsese movies.
Monetary particulars weren't disclosed for the settlement, which additionally covers Robertson's title, picture and likeness rights.
The transaction is the most recent in what has turn out to be a whirlwind of music rights acquisitions.
It kicked off across the begin of the pandemic as older artists seemed for an exit plan from their property and youthful musicians looked for monetary stability as excursions turned an unreliable supply of earnings.
Iconoclast is a newcomer to the scene headed by Olivier Chastan, who beforehand oversaw the acquisition of music catalogues for David Crosby and Linda Ronstadt at Irving Azoff's Iconic Artists Group.
Different gamers have additionally positioned themselves as leaders within the rising market.
Hipgnosis Songs Fund, operated by Middleton, N.S., native Merck Mercuriadis, struck various main offers final yr, one of many largest being a 50 per cent stake in 1,180 of Neil Younger's songs.
In Canada, Kilometre Music Group entered the market with a concentrate on homegrown acts. The agency has secured 50 per cent of songs from Ottawa rapper Stomach's catalogue, together with his co-writing work on quite a few hits from The Weeknd.
Robertson's deal positions Iconoclast as one other aggressive entrant on the hunt for marquee names.
Inside it, the corporate will get a smaller piece of the Band's biggest hit "The Weight," for the reason that underlying publishing rights for that tune and the 1968 album it seems on had been owned by Bob Dylan, who bought it to Common as a part of one other transaction in 2020.
Robertson has joined Iconoclast's board as a inventive adviser.
This report by The Canadian Press was first printed Feb. 4, 2022.
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