The Beach Boys have sold a controlling stake in the group’s intellectual property to Irving Azoff’s Iconic Artists Group, Rolling Stone reports. The sale includes the group’s master recordings and some of their releases. Unlike recent deals from artists like Bob Dylan and Neil Young, the Beach Boys sale also includes rights to the brand as a whole and the group’s memorabilia.
Azoff has not disclosed how much he paid for a controlling stake, but the band will retain an interest in their intellectual property. “You can make the ultimate business decisions about what we really need – what we needed, I should say,” Al Jardine told Rolling Stone.
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