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Former AEROSMITH Managers Sell Rights To Band's Catalog

August 14, 2002

Mosaic Music Publishing has purchased a 50% interest in AEROSMITH's catalog from Daskel, LLC and Seldak, LLC companies operated by AEROSMITH's early managers Steve Leber and David Krebs, according to Hits Daily Double. Sources place the deal in the neighborhood of $15 million. As part of the pact, AEROSMITH will continue to own the other half, and Mosaic will be responsible for the administration of the catalog and its assets worldwide. The catalog comprises seven albums produced from 1973-1982. "I am both honored and excited to be representing the copyrights of this legendary rock group," said Mosaic Music Publishing President Lionel Conway. "This is a perfect addition to the ZZ TOP classics we currently own, and we will certainly do it justice."

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