Rod Stewart Stops Sale of Music Catalogue

Rod Stewart has called off negotiations with Hipgnosis songs and a looming deal to sell the rights to his catalogue, according to reports.

The 78-year-old music icon was in talks to sell his music to the company, which has already acquired the rights to music or stakes in catalogues by by  Justin TimberlakeFleetwood Mac‘s Lindsey Buckingham and Christine McVieSoundgarden‘s Chris Cornell, the Red Hot Chili PeppersNeil Young and dozens of other artists, writers and producers, according to Music Week.

Stewart is retaining ownership of his music, he explained in a statement.

“This catalogue represents my life’s work. And it became abundantly clear after much time and due diligence that this was not the right company to manage my song catalogue, career or legacy.”

Stewarts U.S. summer tour kicks off in Sparks, Nevada on July 29.

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