Rocker Rod Stewart sells his catalog for $100 million. After Bob Dylan and Justin Bieber, the Briton joins the club of artists seeking to monetize their musical creations.
The information was announced less than a week after the announcement of a resounding agreement by Sony to acquire half of the recording and publishing rights to Michael Jackson's catalog. The New York Times estimated the value of the "Thriller" singer's catalog at $1.2 billion or more and according to Billboard, Sony paid at least $600 million.