The Offspring Just Sold Their Complete Music Catalog For 35 Million
The precise terms of the deal are known only to accountants for The Offspring and Round Hill Music, but according to a recent Billboard report all of the band’s Columbia Records master recordings are now the property of Round Hill. Interestingly, The Offspring’s 1994 record Smash is still owned by Epitaph Records, but publishing rights for the songs on that album are included in the deal – an important distinction that will probably play a part in any Offspring compilations in the works from the back catalog’s new owners. The rest of the purchase includes The Offspring’s six studio albums and one best-of, and altogether it makes the biggest acquisition made by Round Hill Music yet. The label’s CEO Josh Gruss was quoted on why Round Hill Music decided to make such a big investment in The Offspring now: It probably goes without saying that the musicians who make up The Offspring appear to be pretty pleased with the deal, too, especially as back catalogs in music get less and less lucrative in the age of cheap/free online streaming. Here’s frontman Dexter Holland on the evidently mutually beneficial arrangement: What this means for Offspring fans won’t be known until Round Hill Music reveals their plans for the band’s catalog, but you can expect some word on that front sooner rather than later – if you pay $35 million for something, you’re not likely to just keep it sitting around in your basement (so to speak).