AEROSMITH

AEROSMITH Frontman Capitalizes On Tax Law And Deals Catalog

According to Peter Lauria from Nypost.com, in a deal that capitalizes on a recent change in tax law, AEROSMITH frontman Steven Tyler has formed a strategic partnership that includes the sale of an interest in his band's publishing catalog to Primary Wave Music Publishing.

Terms of the deal, expected to be announced today, were not disclosed, but music industry sources estimate the pact - which covers 160 songs written or co-written by Tyler - is worth about $50 million.

Included in the deal are the rights to many of the hit songs that led to Aerosmith's reemergence on the rock scene beginning in the late 1980s, including 'Love In An Elevator', 'Dude Looks Like A Lady', 'Janie's Got A Gun', and 'Jaded'.

Tyler doesn't own the rights to Aerosmith's 1970s-era hits like 'Dream On', 'Sweet Emotion', and 'Walk This Way'.

(Photo: Mitch Lafon)