"Round Hill Buys Offsprin...5 Million"

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New York-based Round Hill Music has acquired the recorded masters of '90s pop-punk hitmakers The Offspring, both diversifying the company's catalog and giving greater exposure to the record label business model.

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While terms of the deal were not disclosed, sources suggest Round Hill paid about $35 million for the catalog, which includes its Columbia Records master recording catalog and the band's music publishing covering its entire career, including its time on Epitaph, which retains the ownership to those albums.

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According to sources, the catalog produced $3.1 million in net publisher or net label revenue, also known as gross profit. While some sources say that Round Hill paid a multiple of at least 12 times or higher, the above numbers work out to an 11.3 times multiple.

I have no idea why anyone would pay such a sum.

I've worked this summer for an event management company that booked the band to play in ah, uhm, cooking contest (in Finland, of all places).

I have hard time imagining they're still selling records. They're about as respected in the punk-rock scene as Britney.