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Musical Acts That have Sold Out
(beehaw.org)
Discussion about all things music, music production, and the music industry. Your own music is also acceptable here.
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I think selling his catalog is a smart move. It cements his financial stability for the rest of his life, and probably his children as well. But yes, once he's sold it, they can do whatever they want with it.
He was not in need of financial stability.