The rock legend – whose back catalogue includes the hits Maggie May, Stay With Me, You Wear It Well, You’re in My Heart, and Do Ya Think I’m Sexy? – feels that after six decades in the music business, it’s time to secure his legacy.
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He told The Wall Street Journal: ‘This year marks my 60th year in the music industry. The time is right, and I feel fortunate to have found partners in Irving and his team at Iconic that I can entrust with my life’s work and future musical legacy.’
Irving Azoff, Chairman and CEO of Iconic, commented: ‘We are thrilled to welcome one of the most celebrated singer-songwriters of our time, Rod Stewart, to the Iconic family.
‘Our new partnership with HPS provides us with the resources and flexibility to make blockbuster signings like this one and to continue the success of our legendary artists and their legacies.’
Scot French, Governing Partner at HPS, added: ‘Iconic has built an impressive platform and artist portfolio, and we are pleased to provide financing that will enable the company to further scale its business and advance its mission of championing the rights of musical talent.’