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Grammy Award-Winning Artist John Legend Sells Music Catalog, Including Smash Hit 'All Of Me'

Music artist John Legend just made a big move — he’s sold his catalog of music to DL Music IP LP, an affiliate of San Francisco-based KKR Credit Advisors and BMG Rights Management. According to Bloomberg, a UCC filing revealed that John Legend sold the copyrights alongside his right to receive royalties from songs dating from 2004-2021. This would include music from John Legend’s debut album “ Get Lifted “(2004) and the smash hit “ All Of Me” (2013). While the financial specifications of the agreement have not yet been disclosed, what we do know is DL Music IP LP purchased a 50 percent stake in John Legend’s impressive catalog. “It’s a great time to be a seller because the valuations are so high,” said Eli Ball, founder of Lyric Financial, a provider of financial services to the music community that’s owned by Utopia Music, Bloomberg reports. “Legend is still at the top of his game, and he has even more platforms to exploit his music, which is good for him, KKR and BMG.”

Samantha Dorisca

Jan 7, 2022