
(l to r) RIAA chief policy officer Morna Willens; Garth Brooks; RIAA president and COO Michele Ballantyne; and RIAA chairman and CEO Mitch Glazier. Photo Credit: Ben Krebs
Organized by the RIAA and the National Archives Foundation, An Evening with Garth Brooks took place yesterday in front of the National Archives. At the top level, the event kicked off the ongoing three-day Spirit of Independence Festival and, as one would expect, featured a performance from the 64-year-old.
But in addition to entertaining with “a medley of his own classics and songs that inspired his music history” – besides taking a look at the original Declaration of Independence – Brooks was surprised “with a massive plaque.”
And that plaque, pictured above, commemorated the initially mentioned sales milestone. All told, the two-time Grammy winner has sold north of 200 million albums – “the most albums in Gold & Platinum history” – and is alone in having secured 10 Diamond sales certifications.
Of course, that’s not to say Brooks’ National Archives concert was designed to promote the ultra-valuable body of work before an audience of industry insiders. However, the event’s timing is certainly interesting, and at a minimum, it won’t hurt the reported search for a catalog buyer.
Nevertheless, it remains to be seen whether a deal will actually materialize. As broken down by DMN Pro, it’s unclear whether Brooks, who maintains a tight grip on his catalog, would ultimately feel comfortable putting a third party in the driver’s seat.
Then there’s the possibility that this driver could change (and change again after that) – an important consideration indeed for a professional who’s chosen to keep his releases off Spotify and Apple Music.
It’s also telling that these topics are automatically taking center stage in conversations surrounding Brooks’ potential catalog sale. The casual acceptance of the reported $1 billion to $2 billion price tag seems an apt indicator of the sub-sector’s positioning: Huge sums are still pouring into music IP, and a significant portion of the capital hasn’t yet been deployed.