Julian Casablancas has sold a stake in the Strokes’ catalog for an undisclosed sum to Primary Wave, Rolling Stone reports. The sale includes a portion of both publishing rights and masters rights, though Primary Wave did not reveal whether he retained a portion of his stake or how much the deal was worth. The sale includes only Casablancas’ rights for Strokes music, not his other projects, a Primary Wave representative told RS.
Casablancas is the latest legacy artist to cash in on the music copyright gold rush, joining Bob Dylan, Neil Young, and dozens more in prioritizing a quick payout over uncertain future revenue. (For comparison, Stevie Nicks sold a stake in her publishing rights for a reported $100 million.) “Primary Wave is thrilled to partner with Julian Casablancas for his works in the Strokes,” David Weitzman, a parter at Primary Wave, told Rolling Stone in a statement. “Julian’s extraordinary talents as a songwriter, singer, and leader infuse the magic that is The Strokes. The Strokes are one of the most important bands of this century and are beloved by a multi-generational audience who have made them a global festival headliner.”
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