The hard rock band Kiss has sold its song catalog to a Swedish music investor for more than $300 million. Also, Stockholm-based Pophouse Entertainment bought the band's brand, image, and intellectual property, the BBC reported.
The sale marks the band's withdrawal from live performances on their End of the Road world tour.
Bob Dylan and Bruce Springsteen also had sold their back catalogs for multimillion-dollar sums—for $500 million and $450 million, respectively.
Pophouse will own not only the music rights, but the entire Kiss brand, including intellectual property sales, allowing the Swedish firm to generate future content using artificial intelligence.
The company, which previously collaborated with Kiss on a digital avatar project, also produced Abba Voyage concerts in a similar manner.
Kiss was founded in 1973 by vocalists Paul Stanley and Gene Simmons. The original lineup, which also included Ace Frehley and Peter Criss, became famous for their iconic face paint.
Follow NEWS.am STYLE on Facebook, Twitter and Instagram
21:31, May 17
Bianca Censori's family fear Kanye West will 'drag her' into porn19:22, May 17
Bridgerton's Nicola Coughlan speaks on the drama success and says she was 'daunted' by her racy sex scenes as she takes the lead in season three13:20, May 17
Kim Kardashian's daughter North West changes her hair! The budding rapper, 10, debuts blonde streaks12:20, May 17
‘Megalopolis’ debuts at Cannes with 7-minute standing ovation11:28, May 17
Ararat: Ladaniva’s new cover on Armenian famous song22:28, May 16
Meryl Streep remembers a dangerously intimate moment from one of her iconic movies20:28, May 16
Jennifer Lopez and Ben Affleck Are ‘Headed for a Divorce,’ He ‘Already Moved Out’16:12, May 16
Britney Spears' heartbreaking admission after years-long feud21:18, May 15
Bianca Censori 'furious' over Kanye West's plans to launch porn platform15:32, May 15
Mark Zuckerberg celebrates 40th birthday on yacht worth $300M13:11, May 15
Battle for Iron Throne to soon resume: House of the Dragon 2nd season official trailer released12:17, May 15
Kim Kardashian poses in Pamela Anderson look of 1990s