The Offspring sell back catalogue rights for £24 million
The Offspring have sold the rights to their back catalogue for a reported £24 million.
The 'Pretty Fly For A White Guy' hitmakers handed over most of their music to New York music rights company Round Hill including their records released through Columbia Records.
According to Billboard, the earliest albums including, the rocker's biggest-selling albums 1994's 'Smash' and 1992's 'Ignition' will still be owned by Epitaph Records.
The American rockers - including Noodles and Pete Parada - wanted to preserve their discography as it's "incredibly important" for them going forward with future music.
Frontman Dexter Holland, said in statement:"We felt that having the right caretaker for our catalogue, both the masters and the publishing, is incredibly important to the future of our career. Round Hill understands that we are continuing to perform and record and that the visibility of our past is critical to our future."
The Offspring - who have been together for more than three decades - have cumulative sales of over 17 million since forming in 1984, with most of the albums released on Columbia.
Their biggest-seller was 'Smash' which remains owned by Epitaph.
Round Hill CEO Josh Gruss wanted to get the punk rock band on their publishing roster to "broaden the genre representation" of their business.
He said: "We have some masters like the Bush catalog and records from developing artists like London Souls and Nigel Hall, but we wanted more exposure and you won't get a more high-quality catalog than The Offspring. Also, we didn't have some American punk rock in our publishing portfolio, and this acquisitions helps broaden the genre representation."