BMG reportedly acquires Mötley Crüe’s entire recorded music catalog for approximately $150 million
Mötley Crüe band members Nikki Sixx (bass), Vince Neil (lead vocals), Tommy Lee (drums) and Mick Mars (guitar) continue to capitalize on the success of the Netflix movie The Dirt, which was released about two and a half years ago. BMG have reportedly acquired Mötley Crüe‘s entire recorded music catalog in a deal worth approximately $150 million.
Variety reports as follows:
“The band released a statement that reads, “It feels amazing to be collaborating with our new partners at BMG. Their extensive track record of success in rock made them the perfect home to continue preserving and growing our musical legacy, ensuring we always stay at the top.”
[Mötley Crüe manager Allen] Kovac added, “After working side by side with BMG for well over a decade, the relationship we have developed and success we’ve accomplished over the years made this a very easy transition to entrust with this treasured rock catalog. Working with BMG in any capacity, whether that’s publishing or records, has always been a great experience.”
Said BMG CEO Hartwig Masuch, “This is more than just a significant transaction. It’s a new chapter for an extraordinary catalog. Few bands understand the myth and the magic of rock like Mötley Crüe do. In an increasingly competitive rights acquisition market, artists need to be convinced that a buyer will do the right thing with their work. I am delighted that Mötley Crüe have decided BMG will be the best custodians of their musical career.””