The 2008 release Evolver found the singer employing a more modern sound. John Legend for real launches not-a-joke platform for music NFTs called 'Vibes'. For his next project, 2006's Once Again, Legend refined his brand of martini soul, plucking elements of classic pop and '70s soul for an album that was every bit as popular and as satisfying as its predecessor. The single "Ordinary People" is the sort of sweet lovers' lullaby that will haunt Valentine's Day for years to come, and it solidified Legend's status as one of R&B's most promising young talents. After releasing several self-made CDs, Legend dropped his highly anticipated major label debut Get Lifted in early 2005.
His first major break came from erstwhile Fugee Lauryn Hill, when he played piano on her mega-hit single "Everything Is Everything." But it was Kanye West who really put him on the map, recruiting him to play and sing on the multiplatinum album The College Dropout. Influenced by a musical family, the young Legend embraced gospel, classic soul and hip-hop, and the fusion of all three epitomizes his unique sound. Together, KKR and BMG last month invested in Texas blues-rock trio ZZ Top’s publishing catalog and recording music royalties in a deal valued around $50 million, according to people familiar with the deal.įueled by strong demand from legacy publishing outfits and financial players alike, as well as low interest rates and tax incentives, an onslaught of artists have been striking deals for their music rights, including Stevie Nicks, Bob Dylan, Neil Young and Bruce Springsteen.An accomplished singer, musician, songwriter and producer, John Legend (ne Stephens) has been making music since his early childhood. Tedder, now 42 years old, was another relatively young entrant to the market.) In October, KKR spent $1.1 billion on investment advisory firm Kobalt Capital Ltd.’s KMR Music Royalties II portfolio, which includes more than 62,000 copyrights across music genres. That commitment came amid a broader move into music last year for KKR, which last January struck a $200 million deal for a majority stake in Ryan Tedder’s catalog of hits including songs from Beyoncé, Adele, Stevie Wonder and Mr. KKR last March teamed up with BMG to spend at least $1 billion on music copyrights. John Legend appears at the Vanity Fair Oscar Party in Beverly Hills, California, on Feb. Legend’s acclaimed 2004 debut album "Get Lifted" as well as hits like "All of Me" and "Love Me Now."
Legend’s work thus far is that his future releases and tours are likely to generate continued attention and streaming of his catalog. One upshot of KKR and BMG’s investment in Mr. JOHN LEGEND GETS INVOLVED IN THE BOOK-PUBLISHING BUSINESS BMG, both a record label and publisher, is a subsidiary of Germany’s Bertelsmann SE. Legend’s work since it bought Cherry Lane Music Publishing in 2010, also struck a deal to administer his future compositions, according to a person familiar with the matter.
BMG Rights Management and KKR each purchased a 50% stake in the catalog. The R&B crooner sold his publishing copyrights and the rights to receive royalties from music he penned from 2004 through early 2021. Legend, at 47 years old-still an active songwriter, recording artist, and performer-is younger and earlier in his career than many of his peers who have been inking deals to help set up their legacies and cash in on their life’s work. The deal, disclosed in a regulatory filing, closed last fall and illustrates how red-hot the market for music investments has become. and BMG have acquired the songwriting catalog of John Legend. Fox Business Flash top headlines for January 7Ĭheck out what's clicking on.
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