Legendary pop diva sells rights to expansive music catalog
Pop superstar Britney Spears has sold the rights to her extensive music catalog.
Her music rights were acquired by the New York-based music and marketing company, Primary Wave, a source told The New York Times . Transaction details, including the price and exact rights that were transferred, are unclear.
Entertainment Weekly reported that in the past, Primary Wave has snapped up catalogs from some of the music industry's biggest names, including Whitney Houston, Prince, Stevie Nicks, Bob Marley, John Mellencamp and James Brown.
Acquisition deals are known to offer artists "significant payout and relieving them of the time-consuming responsibility of overseeing an entire estate and catalog of music," Rolling Stone explained.
The "Toxic" and "Hit Me Baby One More Time" singer, who was released from a 13-year conservatorship in 2021 , has not released a studio album since 2016's "Glory."
Spears announced in January that she "will never perform in the U.S. again because of extremely sensitive reasons" but added she plans on performing in the United Kingdom and Australia "very soon."
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