Kanye West Reportedly Looking To Sell Music Catalog for $175 Million
Looks like Kanye might be the latest artist who is considering selling his music catalog. Sources say he and his team have been meeting with possible buyers to explore the market. The source also said Kanye is looking to get 35x gross profit for his catalog. As an incentive, whoever buys his catalog would have the opportunity to sign a go-forward publishing deal with him. One of the issues with determining an evaluation is some of his songwriter splits are still being figured out. Another issue is many of his songs are still hits which means they will decay over time. Kanye makes approximately $5 million a year off of his catalog. 5 x 35 = $175 million which is the amount he is looking to get. Do you think Kanye will sell his catalog?