Bing Crosby’s family has sold an equal stake in the rights to the crooner’s estate to Primary Wave Music for an estimated $50m (€43m).
t is another example of how the sale of catalogue rights has become a booming business, with most involving rock artists who write their own music, including Bob Dylan, Paul Simon, Neil Young and Stevie Nicks.
The Crosby deal is the most prominent involving a pre-rock artist who primarily interpreted songs written by others.
He died in 1977.
A younger generation knows Crosby best through White Christmas and the duet with David Bowie on The Little Drummer Boy. But in his heyday, Crosby was a major recording artist and a popular movie star, with huge hits in the 1930s and 1940s.