Published Aug 13, 2015Veteran Los Angeles punk quartet the Offspring have put their back catalogue with major label Columbia up for sale for a whopping $35 million USD. That seems pretty high, but for the right guy, this could be a sound business investment.
As Billboard reports, the band are apparently looking to sell off the music publishing rights for their six albums released with Columbia between 1997 and 2012. This includes 1997's Ixnay on the Hombre, the following year's Americana, 2000's Conspiracy of One, 2003's Splinter, 2008's Rise and Fall, Rage and Grace, and 2012's Days Go By.
Of these, Americana, steered by singles "Pretty Fly (for a White Guy)" and "Why Don't You Get a Job?", was the biggest seller, having sold 5 million copies in the U.S. alone. It has also sold in excess of 800,000 copies in Canada
Sweetening the pot are the publishing rights to the band's "Come Out and Play" and "Self Esteem" singles from 1994 breakthrough LP Smash, which was released through punk imprint Epitaph. The songs still get much traction on rock radio, with L.A. station KROQ alone having played those particular tracks somewhere between 7,000 and 8,000 times.
Though it has not been confirmed, the alleged deal could also include a new album from the band. Info on new recordings is rather slim, but the group did issue the "Coming for You" single earlier in 2015.
According to sources, the band's assets generate an estimated $3.1 million in combined annual net publisher's share and label share. Sony Music and publishing company Round Hill are reportedly two of the parties interested in acquiring the catalogue.