The wife and manager of the Black Sabbath legend Ozzy Osbourne, Sharon Osbourne has put forth the possibility that Ozzy might sell his entire catalog for millions as the great musician Bob Dylan did a few days ago.
A major figure in popular culture and widely regarded as one of the greatest songwriters of all time, Bob Dylan, has shaken the whole music industry with the news that he sold his entire songwriting catalog, which includes more than 600 songs, to Universal Music.
The deal for the works of Dylan, spanning six decades, is believed to be one of the biggest acquisitions in Universal’s history. The estimated worth of Bob Dylan’s catalog is anything between $200 and $450 million.
According to the famous music reporter, Mark Savage, nothing changes for the fans of Bob Dylan, yet, the money is flowing in a different direction from now on. Universal Music will get a royalty payment every time Dylan’s songs get played on the radio, or licensed to a film. Also, the company will decide which movies or TV commercials can use the musician’s songs.
Upon the breaking news, the British-American television personality, Sharon Osbourne, has come up with a statement, implying Ozzy might follow the same path in near future. Sharon said it’s the most logical thing to take the money and do what you want to do for the rest of your life when you get to a certain age.
Though Ozzy Osbourne is nervous about losing control of his entire music, it’s the best way, Sharon admitted. She stated, at some point in your life, you may feel that it’s useless to do constant monitoring.
Here’s what Sharon Osbourne said about selling Ozzy’s entire catalog:
“I think that when you get to a certain age in life, what do you wanna do? Take the money and do what you wanna do for the rest of your life and just live extremely well and that’s the benefit of your catalogue.
You do lose all control of your music and they can put your music on any album, they can put your music on any ad, they can play your music at the Trump campaigns and do whatever – and you can’t complain.
But when you get to a certain age, it’s constant work, it’s constant monitoring. Some people are like, ‘What do I need this for…?’ I totally understand why people do it.”
See the source here.