Stewart commented on the sale in a statement, saying “This year marks my 60th year in the music industry. The time is right, and I feel fortunate to have found partners in Irving and his team at Iconic that I can entrust with my life’s work and future musical legacy.”
“We are thrilled to welcome one of the most celebrated singer-songwriters of our time, Rod Stewart, to the Iconic family,” said Irving Azoff, Chairman and CEO of Iconic. “Our new partnership with HPS provides us with the resources and flexibility to make blockbuster signings like this one and to continue the success of our legendary artists and their legacies.”
Both Joel and Stewart will be releasing new music this year. Joel recently announced that he was putting out a song titled “Turn the Lights Back On” on February 1. It’s his first new original tune in more than 16 years.
As for Stewart, he’ll be taking a foray into the big-band era with a new studio album called Swing Fever that’s due out February 23. The record is a collaboration with piano player Jools Holland and his Rhythm & Blues Orchestra.
Rod Stewart’s long-running Las Vegas residency The Colosseum at Caesars Palace will be coming to an end next summer. The Rock & Roll Hall of Fame singer’s “Rod Stewart – The Hits” show will wrap up with seven newly announced performances taking place July 24, 26, 27, and 31, and August 2, 3, and 7.
