The daughter of Led Zeppelin manager Peter Grant has been “deluged with offers” in the days since she went public with her intention of selling her 10% stake in Led Zeppelin as reported by LedZepNews.
LedZepNews understands that Grant had been attempting to sell her stake privately for months before she broke cover with an interview in The Times published on Monday morning in which the sale plans were announced.
10% stake in Led Zeppelin’s catalog is for sale, with fans hoping Greta Van Fleet could buy in, especially as the talented young rockers are heavily influenced by the mighty Zeppelin. The stake is being sold by Helen Grant, daughter of the band’s former manager, Peter Grant, who previously held 20% and left 10% to each of his two children following his death in 1995. News of the sale was first reported in an interview with Helen Grant in The Times.
“Her father managed Led Zeppelin and owned 20% of the Zeppelin companies,” Ian Penman of New Media Law, the firm handling the sale, confirmed to Music Business Worldwide. “So [the deal] is quite rare in that respect, because it includes trademarks. It includes the name. The name, Led Zeppelin, is owned by a company that Helen co-owns.”
Penman added that Grant had “considered selling the rights earlier this year” and has been approached with “several offers and extreme interest from some of the biggest names in the business.”
It is not known exactly how much the entire Led Zeppelin catalog is worth today, but in 2016, in a court case involving copyright infringement of “Stairway to Heaven,” it was revealed that the total revenue for the catalog was $58.5 million.
In recent years, several classic rock artists have sold their publishing and royalty rights for millions of dollars, including Bruce Springsteen, Stevie Nicks and Bob Dylan.)
The surviving members of Led Zeppelin – Robert Plant, Jimmy Page and John Paul Jones – are not involved in the Grant sale. Penman also confirmed that Grant is still in talks with several interested parties.
“[Deals like this] just never happen really,” he said. “And especially on one of your all-time favorite bands. It’s a dream world to be involved with the story at all.”
Penman told LedZepNews on Monday, hours after The Times story was published, that he advised Grant to go public in the hope of attracting more bidders for her stake in Led Zeppelin. Publicly advertising a sale of a music catalogue as well-known as Led Zeppelin’s is unusual, with deals of this calibre typically negotiated in private.
“So it was my idea that she went public, rather reluctantly. She wasn’t initially stunned at the idea but I think she saw sense and I think you yourself know that it is starting to bear fruit because people that weren’t aware of the sale are now aware,” Penman said.