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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 as well as 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 rights to hits such as “Edge of Seventeen”, “Landslide”, “Stand Back”, “Rihannon” and “Dreams”.
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 were to create our business today, Stevie Nicks would be one of the shining pillars, a true legend among legends.”
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 following a viral TikTok video featuring a man skateboarding and lip-syncing on the air.
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.
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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