Jem Aswad Senior Music EditorBMG and KKR have put their recently announced partnership to work, acquiring the “entire music interests” of long-running American rock band ZZ Top for a sum sources place at around $50 million.The agreement includes a buyout of the band’s publishing catalogue and their income from recorded royalties and performance royalties.
Previously, BMG served as co-publisher and administrator of ZZ Top’s publishing catalog.The band — Billy Gibbons (guitar, vocals), Frank Beard (drums) and the late Dusty Hill (bass, keyboards, vocals) — released their debut album in 1971 and released 14 more over the course of their 50-year career, including “Fandango” (featuring their first hit single, “Tush”) and the video-powered.
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