Deryck Jason Whibley:
Born on 21st March 1980, the Canadian musician is a singer, songwriter, and producer, and is known for his vocals, lead guitarist, founder, and a member of the rock band Sum 41. He was previously married to 2000’s pop queen Avril Lavigne in 2003, but their divorce was finalized in 2010, he also tied the knot with Ariana Cooper in 2015!
It has recently come to everyone’s notice that Sum 41’s frontman has struck a deal with equity fund, HarbourView Equity Partners and has sold his publishing and recorded catalog to them. The terms of the deal have not been disclosed as of now, but in witness for this transaction, Fox Rothschild and Whibley’s legal counsel was present. HarbourView was founded in 2021, by Cheese Clarke Soares and they too have acquired catalogs of music moguls such as Luis Fonsi, Lady A, and many more! Whibley is the latest of that artist who has sold their music catalogs in recent years, and Pink Floyd is said to be in the talks of potential buyers this year!
Although selling music catalogs has become a trend, where even legendary singers like Dolly Parton, who was asked a similar question, said ‘never say never, that does not mean that everyone in the industry agrees with this trend. Madonna is one of that artists who retires to ever entering a deal as such, saying that ‘Ownership is everything.
Whibley has now entered the league of that artists who she sold their catalogs and even their music portfolios to HarbourView in an equity deal. The band is gearing up for the release of their next album, which deals with themes such as ‘Heaven’ and ‘Hell’. The band members have shared in various interviews that their fans are either into the pop-like genre that they play or are into the hard metal covers, and they hope that this album unites both sides. The fans of Sun 41, have taken to social media to spread the news of the new album release and even shower love and leave heartwarming comments on their official account. The details and what all is included in this equity deal still have not been disclosed by the PR team, and not have they released any supporting statement regarding it, Haney it is quite the wait for any such progress further for us to find out.
What are your thoughts on this latest trend to sell music catalogs, or as Madonna out it ’Ownership’?
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