Mick Fleetwood has sold his share in Fleetwood Mac Royalties to BMG. The label acquired the musician’s outright royalty interest for over 300 of the band’s songs across all albums except their first two LPs – 1968’s self-titled album ‘Fleetwood Mac’ and ‘Mr. Wonderful’.
Financial details of the deal were not disclosed, but could be particularly lucrative given the recent viral success of the band’s song ‘Dreams’ on TikTok, where it amassed over 2.8 billion views and sparked a sales and streaming resurgence for the 1977 hit.
Mick Fleetwood stated “This is a wonderfully inspiring marriage between two creative partners that understand all aspects of the business. Foremost, BMG understands the artistry and puts the artist first. If this partnership is any indication of my past, and now future, working relationship with BMG, it’s that they truly ‘get it’.”
Mick Fleetwood joins his bandmates Stevie Nicks and Lindsey Buckingham who both recently sold off their shares in Fleetwood Mac royalties, as well as Neil Young and Bob Dylan who sold their songwriting catalogs for $150 million and $300 million respectively.