Earlier this month, Bruce Springsteen reportedly sold his iconic song and publishing catalog to Sony Music for a whopping $500 million. The sale follows a slew of high-profile deals in which legendary rock stars are cashing out. The legendary Texas trio, known for hits like “Legs,” “Cheap Sunglasses” and “Gimme All Your Lovin,'” sold their music interests, which include the publishing catalog as well as income from recorded music royalties and performance royalties, the Wall Street Journal reported Tuesday. ZZ Top is selling its music catalog to investment firm KKR and record company BMG for $50 million, according to a report.
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