April 1, 2006

Courtney Love, the widow of Nirvana's Kurt Cobain, has sold 25% of her share of Nirvana's publishing catalog. The buyer was Larry Mestel, who paid an estimated $50 million. Mestel was the former COO and GM of Virgin Records.

Questions abound. Does she need to money? Could she have got somebody to just manage the catalog? How soon until "Territorial Pissings" is heard in a Cadallac commercial? How bad is her next album going to be?

The press was all over the news, and the humor was in bloom:

• At E! Online: Courtney & Nirvana: Smells Like a Sellout.
The San Jose Mercury News imagined how the lyrics to "Heart Shaped Box" would go with consumer products. "'Ive been drawn into your magnet tar pit trap / I wish I could eat your cancer when you turn black. Yeah, that will sell a lot of fabric softner."
• Quipped Spin, "Now all that's left to do is cross our fingers and hope 'Smells Like Teen Spirit' doesn't wind up in a deodorant ad."

What are the Nirvana fans saying? Read this thread at a fan website.

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Posted by Glenn at 10:47 AM | | | Music Industry