Love nets $50m in sale of Nirvana back catalogue

Courtney Love sold a 25% stake in Nirvana’s sought-after back catalogue for more than $50m, it was reported today.

Rolling Stone said the singer had inherited 98% of the group’s publishing rights when her frontman husband Kurt Cobain killed himself in 1994, and had now sold a quarter of her share to Larry Mestel, a former general manager of Virgin Records.