Big money pop-punk...
A New York-based music rights company called Round Hill has bought the rights to much of The Offspring‘s back catalogue, at a reported $35 million (£24million).
The deal includes all of the American band’s content recorded for label Columbia, however Epitaph will retain ownership of early albums, including their best-selling release ‘Smash’ and ‘Ignition’, Billboard reports. It’s not clear whether ‘Ixnay on the Hombre’s European rights (the album was released on Columbia elsewhere, but Epitaph in Europe) are included in the deal.
The Offspring have cumulative sales of in excess of 17 million through their career to date, more than half of which were achieved whilst on Columbia, with ‘Americana’ – which sold approximately one million copies less than ‘Smash’ worldwide – the Round Hill buy’s stand-out.
The Offspring frontman Dexter Holland has released a statement on the deal, saying:
“We felt that having the right caretaker for our catalogue, both the masters and the publishing, is incredibly important to the future of our career. Round Hill understands that we are continuing to perform and record and that the visibility of our past is critical to our future.”
Holland was sued back in 2014 over missed payments on his private plane, by manufacturer Cessna.
At the time, Holland’s company, Jet Racers, Inc., owed £466,978 on the plane. This included £19,000 in interest and £9,300 in late fees. The singer was to pay 71 monthly payments of £5,200 with one final balloon payment of £235,000 as part of the deal struck following his initial failure to pay for the plane.
Round Hill currently owns the rights to about 15,000 songs.
The Offspring have announced a series of European festival dates for this summer, but to date have not revealed a UK show. Their ninth (and most recent) studio album ‘Days Go By’ was released in 2012.