Two members of The Doors -- Robby Krieger along with the estate of Ray Manzarek --have sold off their rights to Primary Wave Music this week.
The new deal includes their interests in the group’s publishing, recordings, trademarks, and merchandise rights and income.
Krieger said the deal will "enable me to help the many charities I’ve been involved with, and some new ones too. I know Primary Wave cares about music, art, and about helping legacies go to even bigger levels. Our longtime Doors manager Jeff Jampol will still be protecting our legacy in partnership with Primary Wave, so I’m comfortable and happy with the future of The Doors.”
Manzarek's widow Dorothy said, "Ray and I spent a lot of time discussing the future of The Doors’ legacy, and how to handle things after he departed this plane. Our family has worked patiently to find the right partners to continue Ray’s lifelong efforts in protecting and promoting his art, and now we are happy to have finally come to an agreement with Primary Wave. Under the continued guidance of our manager, Jeff Jampol, Primary Wave will be the right partners in this endeavor to build future generations of new Doors fans.”
Ray Manzarek passed away from cancer in 2013 at age 75.
Terms of the deal were not disclosed, although a source told Variety the numbers were “big.”
[Source: Classic Hits Today]