Courtney Love, the rock singer and widow of Kurt Cobain, has sold 25 percent of Nirvana's music library to Primary Wave Music Publishing. Though their entire catalog does not have an exact monetary value, Courtney reportedly banked $50 million for the sale of the rights. Love has closely guarded the rights to the 98% of the band's library since she inherited it upon the death of her husband, the Nirvana front man, in 1994. His former band-mates own a mere 2% of the collection, including some of the band's most famous works, like Smells like Teen Spirit.
In and out of rehab, as well as prison, for the past several years, it is likely that she decided to sell this share of Nirvana's music to cover some of her legal costs, since her money problems are well known, though she said she found managing her entire estate "overwhelming."