Deftones Sell Most of Their Music Rights to Warner Music Group

"Deftones have sold most of their music rights to Warner Music Group, according to a new report from . The deal actually took place sometime in the past two years, but is just coming to light now. Buy Deftones Music on Vinyl and CD No exact money amount has been revealed, but Billboard estimated that the deal may have been anywhere from $41 million to $75 million depending on when it took place and other factors."

"No exact money amount has been revealed, but Billboard estimated that the deal may have been anywhere from $41 million to $75 million depending on when it took place and other factors. The agreement included the band's master‑recording royalties, its co‑publishing stake, and writer royalties. Warner had already owned the band's master recordings prior to the transaction. Billboard further reported that one member of the band decided to retain his publishing stake, and will continue to receive master-recording royalties."

The Deftones sold most of their music rights to Warner Music Group in a transaction that took place sometime in the past two years and has only recently become public. No exact money amount has been revealed; industry estimates place the value between $41 million and $75 million depending on timing and other factors. The agreement transferred the band's master‑recording royalties, co‑publishing stake, and writer royalties to Warner. Warner already owned the band's master recordings prior to the deal. One band member retained his publishing stake and will continue to receive master‑recording royalties.

Read at Consequence