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Stevie Nicks has parted with the majority of his music publishing rights.
The 72-year-old music superstar – known for his solo work and performances with Fleetwood Mac – has sold the rights to Primary Wave Music, which announced the deal in a press release on Friday.
Citing people familiar with the transaction, the Wall Street Journal reported that the sale was made for $ 100 million, giving the company an 80% stake in the rights.
The deal includes the rights to hits such as “Edge of Seventeen”, “Landslide”, “Stand Back”, “Rihannon” and “Dreams”.
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The purchase also gives Primary Wave the rights to Nicks name and likeness, and the singer will be allowed to recruit new songwriters in a joint venture.
“To say we’re thrilled to welcome the incredible Stevie Nicks to the Primary Wave family would be a dramatic understatement,” said CEO and Founder Larry Mestel. “If Primary Wave started our company today, Stevie Nicks would be one of the shining pillars, a true legend among legends.
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He added: “She is a revolutionary artist, and the longevity of her iconic career has come from writing instantly recognizable and critically acclaimed songs that stand the test of time.”
Nicks recently saw a resurgence in popularity alongside his bandmates Fleetwood Mac when “Dreams” returned to the Billboard charts after a viral TikTok video featuring a man skateboarding and lip-syncing.
Originally released in 1977, “Dreams” was featured on the iconic album “Rumors”. The record as a whole also rose in popularity and reached the top 10 this year, 43 years after its release.
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Nicks is also the only woman to have been inducted into the Rock and Roll Hall of Fame twice – once as a member of Fleetwood Mac in 1998 and again in 2019 as a solo artist.
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