The record label’s largest ever acquisition just made Nikki Sixx, Mick Mars, Vince Neil and Tommy Lee a helluva lot richer.
It’s far from the “Same Ol’ Situation” for Mötley Crüe, as the legendary hair metal band just sold its entire catalog to BMG in a reported $150 million deal.
Variety broke the news, but adds the true value of BMG’s largest ever single-catalog acquisition could be “significantly lower.” The agreement covers all Mötley Crüe recordings spanning the band’s 40-year career, from the 1981 debut Too Fast for Love through the most recent 2008 release Saints of Los Angeles.
The infamously fast-living quartet featuring Nikki Sixx, Mick Mars, Vince Neil and Tommy Lee has sold over 100 million albums globally, with seven going platinum/multi-platinum, nine charting in the top 10 of the Billboard 200, and three earning Grammy nominations.
The 2019 Netflix biopic The Dirt starring Machine Gun Kelly as Lee helped draw new eyes and ears to the stadium rockers through an R-rated portrayal of the outfit’s debauched antics.
Variety adds that Mötley Crüe’s much-delayed 2022 North American tour with Def Leppard, Poison and Joan Jett should further drive the streaming numbers on which their music’s revenue relies.
“It feels amazing to be collaborating with our new partners at BMG,” the band said of the company, which reps fellow heavy rock favorites Black Sabbath, Iron Maiden, and Motörhead.
“Their extensive track record of success in rock made them the perfect home to continue preserving and growing our musical legacy, ensuring we always stay at the top.”