Courtney Love Sells 25% of Nirvana Stake
Published
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Updated
April 3, 2006 1:55PM ET
Teen angst now has a price tag: More than $200 million.Courtney Love, the much troubled widow of Nirvana's Kurt Cobain, has reportedly sold 25% of her more than 98% stake in Nirvana's catalog of music. According to Rolling Stone, the deal could net Love more than $50 million -- making the total worth of the groundbreaking group's music upwards of $200 million.
Love inherited almost all of the grunge group's publishing rights when Cobain killed himself in 1994. The remainder was split between Cobain's bandmates- Krist Novoselic and Dave Grohl. A bitter battle has been raging for years between Love and the band as Novoselic and Grohl desperately want to release previously unheard material, but Love has continuously denied them that opportunity. Now with the sale, that may change.