Noel Gallagher has already secretly spoken to experienced investors about a valuation of his previous works. He joked that he can expect another big windfall next year when the rights to his biggest hits are transferred back to him.
The rock star recently joked that he would rather make money himself than leave the royalties to his children.
However, industry sources say he has now been approached by major investment groups and has expressed interest in holding formal talks over a valuation for the songs – which could earn him a further £250m on top of his Oasis reunion tour.
A source said: ‘Noel has joked about it but behind the scenes he is really working on making it happen. He is deadly serious.
‘There are huge amounts of money on the table and he wants to collect that money while he is still here, so that he can enjoy it.’
Is This The REAL Reason Oasis Are Getting Back Together? Industry experts have revealed that Noel Gallagher is in talks to sell the band’s back catalogue for £250million during their sell-out reunion tour
A source said: ‘Noel has joked about it but behind the scenes he is really working on making it happen. He is deadly serious.’
‘Plus, it’s the perfect time because now that his divorce is settled, his ex-wife Sara won’t hear anything about it anymore – although she may still have a say in the matter!’
Representatives for Noel and Oasis declined to comment.
When you sell an artist’s catalog, you’re selling the rights to his or her songs, including the royalties paid when the music is consumed and used.
Industry experts also believe that the hype surrounding the upcoming reunion concerts could increase the value of their previous performances and attract a new, younger audience.
The band’s debut album Definitely Maybe is already at the top of the charts thanks to sales figures from the new tour.
The band’s popularity on streaming services has waned in recent years, and the songwriter and Noel realize that the renewed interest from a new generation of music fans will increase the value of classic songs like Champagne Supernova, Rock and Roll Star and Wonderwall.
Interested parties are believed to include music investment specialists Hipgnosis Songs, founders of Merck Mercuriadis and Nile Rodgers.
The song management company has previously bought the rights to songs from superstars including Fleetwood Mac, Justin Bieber, Ed Sheeran, Shakira and many more, in a portfolio now worth more than £3billion.
In recent years, a number of other major deals have been struck, including Sony Music buying Bruce Springsteen’s entire song catalogue for a staggering £376 million.
Industry experts also believe that the hype surrounding the upcoming reunion concerts could increase the value of their past performances and attract a new, younger audience.
The song management company has previously bought the rights to songs from superstars including Fleetwood Mac, Justin Bieber (pictured), Ed Sheeran, Shakira and many more in a portfolio now worth more than £3billion.
The source added: ‘Plus, this is the perfect time because now that his divorce is settled, his ex-wife Sara won’t get to hear any of it – although she may still have a say in the matter!’
Meanwhile, competitor Universal Music bought Bob Dylan’s catalog and Warner Music bought the rights to David Bowie’s works.
A source added: ‘Noel has joked about this before, but he’s deadly serious.
‘He knows that the hype around the Oasis tour will also increase the value of the tracks and revive interest in those classic songs, which can only help to drive the money up further. He’s a shrewd businessman and a top songwriter.
“He’s going to be an astonishingly wealthy man — even richer than he’s ever been. And this kind of deal will be pure cash in the bank to spend on whatever he wants.”
Brothers Noel and Liam confirmed their long-awaited comeback earlier this month, prompting chaos among fans eager to get tickets for next summer’s series of stadium tours.
However, the excitement led to controversy over high ticket prices and the use of so-called ‘dynamic pricing’.
Fans who were further down the line to buy tickets online found that prices had already skyrocketed by the time they got the chance to purchase a ticket.
The system has led to heated debates and criticism among fans and politicians, who have accused the band of ignoring their working-class roots.
Concert promoters, however, defended the practice in a statement, saying it was an indication of high demand and gave artists and those involved in the productions the opportunity to understand the “true value” of the tickets.