Britney Spears Sells Catalog Stake for $200 Million
Britney Spears, the pop icon known for hits like "...Baby One More Time" and "Oops!...I Did It Again," has sold her ownership share in her music catalog to Primary Wave Music Publishing, sources close to the deal confirmed. The agreement, signed on December 30, is estimated to be worth around $200 million, placing it in line with recent high-profile catalog sales by artists such as Justin Bieber.
The transaction includes rights to Spears' extensive catalog, encompassing nearly 40 songs on which she holds songwriting credits. Among them are major tracks like "Toxic," "I'm a Slave 4 U," "Everytime," "Gimme More," and "Circus," as well as fan favorites such as "Me Against the Music" and "Work Bitch!" While the exact financial terms were not disclosed in the legal documents, representatives for Spears and Primary Wave declined to comment on the specifics. Sources described the sale as a "landmark deal," noting that Spears, who is managed by Cade Hudson, has expressed satisfaction with the arrangement and has been spending time celebrating with her children.
This move aligns with a broader trend in the music industry, where veteran artists are increasingly monetizing their back...