Stevie Nicks may want to hop on a skateboard and sing “Dreams” on her way to pick up her reported $100 million check from Primary Wave Music. The Fleetwood Mac singer and solo artist has parted ways with a majority of her music publishing rights, which gives Primary Wave an 80% ownership stake in her music, name and likeness.
The 72-year-old, known for hits such as “Landslide,” “Edge of Seventeen,” “Rhiannon,” “Gypsy” and “Dreams,” recently saw a huge surge in popularity after a viral TikTok video featured a man riding to work on his skateboard while drinking cranberry juice and lip-synching to “Dreams.” The viral video sent “Dreams” soaring up the charts, causing the original Fleetwood Mac album “Rumours,” on which it was featured, to hit the top 10 album chart 43 years after its 1977 release.
Nicks is the only woman to have been inducted into the Rock & Roll Hall of Fame twice. In 1998 she was inducted as a member of Fleetwood Mac and in 2019 as a solo artist.
In a press release on Friday, the CEO and founder of Primary Wave Music, Larry Mestel, said, “To say we’re excited to welcome the incredible Stevie Nicks to the Primary Wave family would be a dramatic understatement. If Primary Wave were starting our company today, Stevie Nicks would be one of the shining pillars, a true legend among legends.”
Nicks may have been motivated to sell her publishing rights while President Donald Trump is still in office. Artists have been eager to sell their catalogs under Trump as capital gains taxes are much lower, resulting in the artists paying lower taxes after the sale. President-elect Joe Biden is expected to raise the capital gains tax to make sure Uncle Sam gets a larger cut of the sale.
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