Sum 41 frontman Deryck Whibley has sold his publishing and recorded music catalog as part of a new deal with an investment fund, HarbourView Equity Partners.
Whibley has been the lead singer and main songwriter for the Canadian pop-punk outfit since its inception in 1996. Their 2001 album “All Killer No Filler” featured the hit single “Fat Lip,” which landed at number 66 on the Billboard Hot 100. To date, Sum 41 has released seven studio albums, the latest being 2019’s “Order In Decline”.
Terms of the deal between HarbourView and Whibley were not disclosed, but the transaction saw the equity fund represented by Fox Rothschild, with Whibley’s legal counsel coming in from Jordan Keller and Sarah Smith of Keller Turner Andrews & Ghanem, PLCC.
Over their 26-year tenure, Sum 41 – who have just completed a US tour with Simple Plan and are heading back to the UK and Europe together in September – have seen their catalog garner over 15 million consumer units of albums. , including 5.05 million in the United States alone (per Billboard).
HarbourView – founded in 2021 by CEO Cherrese Clarke Soares – has also acquired the catalogs of Hollywood Undead, Brad Paisley, Lady A and Luis Fonsi among others.
Whibley is the latest in a long line of artists who have sold their publishing and recorded music catalogs in recent years.
Among veteran musicians, Tina Turner sold her catalog for $300m (£225m), Sony Music acquired Bob Dylan’s body of work, while ‘Sweet Caroline’ singer Neil Diamond entered into an agreement with Universal Music Publishing. Additionally, Paul Simon sold for an undisclosed sum while Mötley Crüe sold its catalog to BMG for $150m (£112m).
Bruce Springsteen, ZZ Top and Sting also said they sold their publishing rights for $500m (£377m), an undisclosed fee and over $250m (£184m) respectively.
Pink Floyd entered into talks with several potential buyers earlier this year.
The estates of the late David Bowie and Leonard Cohen have seen their catalogs sold for $250m (£186m) and an undisclosed sum respectively.
Similarly, Simple Minds sold “key musical interests,” Primal Scream members sold 50% of their song rights, Justin Timberlake sold his catalog of songs, while John Legend struck a deal in January.
Earlier this year, Dolly Parton said “never say never” at the sale of her catalog. Madonna, however, who has released 14 studio albums, said earlier this month she would never consider such a deal. “Property is everything, isn’t it?” said the superstar at the time.