10% Stake In Led Zeppelin’s Catalog Is For Sale
via The Playlist / Youtube
A 10% portion of Led Zeppelin‘s collection of music is currently available for purchase.
The individual selling this stake is Helen Grant, the daughter of Peter Grant, the band’s former manager. When Peter passed away in 1995, he left 10% to each of his two children, resulting in Helen’s ownership of this portion. The news of the sale was first revealed in an interview with Helen in The Times.
Ian Penman from New Media Law, the firm handling the sale, confirmed the news saying:
“Her father managed Led Zeppelin and owned 20% of the Zeppelin companies. So [the deal] is quite rare in that respect, because it includes trademarks. It includes the name. The name, Led Zeppelin, is owned by a company that Helen co-owns.”
According to Penman, Grant had considered selling the rights earlier in the year and has received multiple offers and significant interest from prominent figures in the industry.
The exact value of the entire Led Zeppelin catalog today is uncertain. However, during a 2016 court case involving copyright infringement of their song “Stairway to Heaven,” it was revealed that the catalog had generated $58.5 million in total revenue.
It’s worth noting that the surviving Led Zeppelin members, Robert Plant, Jimmy Page, and John Paul Jones, are not participating in Grant’s transaction. Penman also indicated that Grant is now in negotiations with a number of potential partners. He said:
“[Deals like this] just never happen really.
“And especially on one of your all-time favorite bands. It’s a dream world to be involved with the story at all.”