Offers are being accepted
Helen Grant, the daughter of former Led Zeppelin manager Peter Grant, is selling her 10% stake in the band’s music. The Times first reported the news on Monday (July 10th) an interview with Helen.
According to The Times, Peter Grant owned a 20% stake in the band’s music, leaving Helen and son Warren each 10% after their father’s death in 1995. Helen has decided to sell her share which includes a share of recorded music rights, publishing rights and a stake in the rights to the band’s trademarks, including name and logo.
“Her father managed Led Zeppelin and owned 20% of the Zeppelin companies,” Ian Penman from London-based New Media Law who’s handling the sale tells 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 confirms that Grant “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” since going public with the sale.
Penman also says that talks are still ongoing with several interested parties, including Irving Azoff’s Iconic Artists Group.
“Nobody has pulled out, and nor should they. Nor would they,” he said. “This is an iconic, one-off [deal].”
None of the surviving band members — Robert Plant, Jimmy Page and John Paul Jones — are involved in the sale. It’s also unclear how much the catalog is worth.
