The Wall Street Journal reports:
Stevie Nicks closed a deal to sell a majority stake in her publishing catalog late last month, on the heels of Fleetwood Mac’s “Dreams” hitting the Billboard charts for the first time since 1977.
Music publisher Primary Wave purchased an 80% interest in the copyrights, which are valued at about $100 million, according to people familiar with the deal. The deal, which includes hits “Edge of Seventeen,” “Rhiannon” and “Landslide,” highlights the soaring value of music in the streaming era.
Ms. Nicks’ sale coincides with recent buzz around “Dreams” fueled by a viral TikTok video of a man skateboarding while listening to the Fleetwood Mac former No. 1 single. The song, written by Ms. Nicks, landed at No. 21 on the Billboard Hot 100 in October, logging its best-ever week of streams and download sales in the U.S.
— Rolling Stone (@RollingStone) December 4, 2020