London (ANI): Rocker Courtney Love has reportedly been planning to
sell her 75 percent stake in Nirvana's back catalogue because it is
'haunted". The Hole frontwoman inherited the band's publishing
rights when her husband and Nirvana frontman Kurt Cobain killed
himself in 1994.
She sold off 25 per cent of the End of Music catalogue in 2006,
pocketing 33.35 million pounds. However, Love wants to offload her
remaining 75 per cent share after becoming convinced the royalty
payments she receives are 'cursed". She insisted the decision was
motivated by emotions, not financial gain, because she simply wants
to move on from the Cobain tragedy.
"Courtney thinks the catalogue comes with too many memories.
It's haunted," the Daily Express quoted a source as saying.
According to the New York Daily News, Love has been offered a
whopping 108 million pounds for her majority stake in Nirvana's
back catalogue. Executives at Evergreen Capital have reportedly
stepped up with the big money offer.