Global music company BMG has announced that it has acquired the entire recorded catalog of MÖTLEY CRÜE. Variety reported the deal is valued at approximately $150 million, although other sources cited a significantly lower number.
The agreement includes the iconic band’s entire recorded output spanning their 40-year career totaling nine studio albums from their 1981 debut Too Fast For Love through the latest release in 2008 Saints Of Los Angeles, as well as several platinum-selling live albums and compilation sets.
MÖTLEY CRÜE said in a statement: “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.”
Band’s manager Allen Kovac comments: “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.”
BMG CEO Hartwig Masuch adds: “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.”