It's not just old rock stars benefiting from the trend of artists selling off rights to their work. The heirs of Bing Crosby have reached a deal, estimated at more than $50 million, for a stake in his estate.
FILE - Actor-singer Bing Crosby appears in Los Angeles on Sept. 20, 1959. Crosby, who died in 1977, won an Academy Award for best actor for playing a priest in the 1945 film "Going My Way," and made seven "road" movies with his friend, comic Bob Hope. Some of his hit songs include "Pennies From Heaven," "It's Been a Long, Long Time," "Don't Fence Me In" and "Accentuate the Positive.
It’s another example of how the sale of catalog rights has become a booming business, with most involving rock artists who write their own music — Bob Dylan, Paul Simon, Neil Young and Stevie Nicks are examples. The Crosby deal is the most prominent involving a pre-rock artist who primarily interpreted songs written by others.
Crosby’s family, which includes his widow and two of Harry’s siblings, have been interested in a documentary series to tell Bing’s story.
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