Country star Jason Aldean has sold 90% of his recorded music catalog to indie band Spirit Music, the company announced Thursday, in a deal that sources say is worth more than $100 million.
The acquisition includes 90% of Aldean’s recorded music catalog and includes nine albums in total, six of which are certified platinum. The deal covers Aldean’s discography from their self-titled debut in 2005 through their ninth album, “9” in 2019. The acquisition also includes neighboring rights and SoundExchange royalties. Aldean retains an income interest.
The announcement notes that Aldean has sold 90% of its artist share of the masters; his longtime label, BBR Music Group, retains his share, and Aldean remains a Broken Bow/BMG recording artist.
“It’s cool that a company like Spirit, which has been around for so long, took over my music catalog. It’s something really important to me, so I’m glad it’s being taken care of,” said Jason Aldean.
“Jason Aldean has been a consistent hitmaker and pioneer in country music for nearly two decades. His recordings helped define the sound of modern country music. Spirit Music Group is thrilled to partner with Jason and we look forward to continuing to champion these important recordings around the world,” said Frank Rogers, CEO of Spirit Music Nashville.
“Jason Aldean is one of the country music elite’s headliners and the breadth and depth of his work is undeniable,” said Jon Singer, president of Spirit Music Group. “We welcome Jason’s impressive collection of work to the Spirit Music Group catalog and are committed to being an active partner in safeguarding and building on the success of these recordings.”
Aldean was represented in the deal by Kent Marcus of Marcus & Colvin LLP. Spirit, which was founded in 1995, was represented by Reed Smith.