Noel Gallagher is set to sell Oasis’ hits for £200 million (€235 million) after the band’s reunion tour next year.
He said he wants to start his family for life because he’s afraid that if he leaves the rights to the song to his three children, they’ll “probably trade it for a PlayStation game.”
Noel, 57, estimates the proceeds could be worth £200million and, as he approaches 60, the money would provide him with a luxurious retirement.
His comments will leave fans wondering whether the sale plan was a factor in his decision to end his feud with brother Liam, both of whom have left, ahead of the tour which begins in July next year.
Noel said: ‘I think I’ll be approaching 60 soon and I’ll think, do I want to leave this to my kids, who will probably trade it in for a shit game on the PlayStation?
Noel Gallagher to sell Oasis hits for £200m (€235m) after band’s reunion tour
Noel, 57, estimates the proceeds could be worth £200million and, as he approaches 60, the money would provide him with a luxurious retirement
‘Or do I get rid of it now and set everybody up for life? Bob Dylan sold his back catalogue. Hedge fund guys are buying them up. What do you do? Leave it to your kids? They don’t value music.’
The demand for tickets means Oasis’ tour could be extended to two years around the world, with plans to add dates in South America, Asia and Australia.
A music industry executive said: ‘There would definitely be more dates added to the tour, but not on the scale currently planned.
‘We’re talking about 200 dates over a minimum of two years. It’s estimated that this could generate around £1 billion (€1.9 billion)’
When the tour was announced, ten million fans from 158 countries lined up for tickets.
According to HMV, sales of Oasis vinyl records and CDs have increased by 526% in a week.
If the sale of Oasis songs goes ahead, they will follow the example of artists such as Bob Dylan, who sold his songs to Universal Music for a reported £250 million (€295 million) in 2020, and Bruce Springsteen, who sold his previous songs to Sony for a reported £380 million (€450 million) in 2021.