Latest / Direct From Hollywood with Ryan Seacrest / Direct From Hollywood with Ryan Seacrest: Max Martin and Shellback Just Seriously Cashed in Selling Their Music Catalog for a Staggering Amount
Transcript
- 0:00Speaker 1: Direct from Hollywood with Ryan Seacrest.
- 0:03Speaker 2: Typically, when you hear about someone selling their entire music
- 0:06Speaker 2: catalog for a sizeable fortune, it's a superstar artist. But
- 0:09Speaker 2: now producers are getting in the game as well.
- 0:12Speaker 3: Yeah, specifically Max Martin and Showback, who are without question,
- 0:17Speaker 3: two of the biggest names behind the scenes in pop
- 0:19Speaker 3: music history and have been for years.
- 0:22Speaker 4: And this songwriting collective that they spearhead, called Wolf Cousins,
- 0:26Speaker 4: has written hits for everybody from Ariana Grande to The
- 0:29Speaker 4: Weekend to Taylor Swift.
- 0:31Speaker 1: Oh yeah, Max Martin, I love him so much.
- 0:34Speaker 2: She's a legend, which is why they were able to
- 0:36Speaker 2: cash in, reportedly selling their rights to these songs for
- 0:39Speaker 2: nine figures, as in at least one hundred million dollars
- 0:41Speaker 2: to an investment firm called Harbor View.
- 0:43Speaker 1: According to Variety, Yeah, it's.
- 0:45Speaker 3: A ton of recognizable music too, songs like I Can't
- 0:48Speaker 3: Feel My Face, kick by the Ocean, No Tears Left
- 0:51Speaker 3: to Cry.
- 0:52Speaker 2: This company, harbor View, has quickly become a major player
- 0:54Speaker 2: in the music business. They currently own more than seventy
- 0:56Speaker 2: music catalogs and that number will only continue to rise.
- 1:00Speaker 1: That's direct from Hollywood,