Elvis Music Owner in Talks for $250 Million Sale
Post from Bloomberg Article
Carlin America Inc., owner of rights to Elvis Presley, AC/DC and Billie Holiday music, is close to an agreement to sell to Round Hill Music, the owner of early Beatles hits “She Loves You” and “I Saw Her Standing There,” according to three people with knowledge of the matter.
Carlin’s catalog of more than 100,000 songs could fetch $250 million, said the people, who asked not to be identified because the deal is private. Freddy Bienstock, who worked early on with Presley, founded New York-based Carlin in the 1960s and added to its collection before his death in 2008. Terms, including the final price, were still being negotiated.
Round Hill might have another coup on their hands with a purchase of Carlin's catalog.
Without knowing the multiple they are purchasing, it is unknown how much of a good deal this is, but Round Hill has been savvy about most of its purchases.
Music catalogs will continue to churn over the next several years and with the uptick in music revenue for the first time, it could be a great time for investing.