Musical company

Robbie Robertson sells music catalog to new Iconoclast company and will serve as its creative advisor

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Robbie Robertsonthe founding guitarist and main songwriter of The groupjoins the list of rock greats who recently sold the rights to their music catalogs for big bucks.

Music Business Worldwide reports that Robertson’s music publishing, rights to his name, likeness and likeness, and interests in recorded music to date have been acquired by Los Angeles-based Iconoclast, a company launched by Olivier Chastan. Chastan is the former CEO of Eagles director Irving AzoffGroup of iconic artists.

Sources say Variety that the deal had a price tag of $25 million. According to Music Business Worldwide, the deal does not include the underlying publishing rights to The Band’s 1968 debut album. Music by Big Pinkwhich belonged to Bob Dylanand moved to Universal when that company bought out Dylan’s catalog in 2020.

Among the classic songs Robertson has composed for The Band are “The Weight”, “The Night They Drove Old Dixie Down” and “Up on Cripple Creek”. Robbie also had a significant career as a solo artist and as a film score composer.

Chastan tells Music Business Worldwide that as part of the deal, Robertson has joined Iconoclast’s board of directors and will serve as a creative advisor to the company.

Robbie said in a statement: “Olivier’s deep appreciation for art and creativity, infused with his vision for the future of entertainment, convinced me that Iconoclast was the right partner to entrust the legacy to. of The Band and my catalog.”

Chastan, meanwhile, explains that he’s been a fan of Robertson since he first heard Music by Big Pink when he was 13, adding, “His sophisticated, cinematic songs changed my life and never left my musical universe.”

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