The Beach Boys are joining artists like Bob Dylan, Neil Young and more who have sold their catalog to outside companies. The band just sold their intellectual property to manager Irving Azoff’s newly launched Iconic Artists Group.
Azoff will now have a controlling interest in the band’s sound recordings, brand, select musical compositions and memorabilia, although the group will “participate in the upside Iconic expects to create by actively marketing and promoting the Beach Boys.”
“The Beach Boys and our songs have been one of the great joys of our lives,” Brian Wilson, Mike Love, Al Jardine, and the Carl Wilson's estate share in a statement. “As we look towards the upcoming 60th anniversary of The Beach Boys, we wanted a partner to help expand opportunities for our brand, while continuing to preserve our tradition as a band whose music transcends the test of time.”
They add, “We are very proud of what we have achieved as The Beach Boys and how our songs continue to resonate with our fans.”