Report: AEROSMITH Frontman Sells Interest In Band's Catalog

January 10, 2008

Peter Lauria of the New York Post reports: In a deal that capitalizes on a recent change in tax law, AEROSMITH front man Steven Tyler has formed a strategic partnership that includes the sale of an interest in his band's publishing catalog to Primary Wave Music Publishing, The Post has learned.

Terms of the deal, expected to be announced today, were not disclosed, but music industry sources estimate the pact — which covers 160 songs written or co-written by Tyler — is worth about $50 million.

Included in the deal are the rights to many of the hit songs that led to AEROSMITH's reemergence on the rock scene beginning in the late 1980s, including "Love in an Elevator", "Dude Looks Like a Lady", "Janie's Got a Gun", and "Jaded".

Read the entire article at the New York Post.

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