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Lorde Signs Publishing Deal Worth Reported $2.5 Million

Image courtesy of ABC/Lou Rocco (via ABC News Radio)
Image courtesy of ABC/Lou Rocco (via ABC News Radio)

Looks like Lorde may be driving a Cadillac in real life pretty soon: Billboard reports that she's signed a publishing deal worth $2.5 million.

The deal is with SONGS Music Publishing, which confirmed it in a statement saying, "When all is said and done, [Lorde] will go down as one of the greatest lyricists of all time."  It's Billboard, however, that's put a price tag of $2.5 million on the deal, citing sources familiar with the negotiations.

The deal gives SONGS Music Publishing the rights to administer the songs on Lorde's debut, Pure Heroine , as well as those on her EP The Love Club, and future recordings.  Billboard reports that the singer was the subject of a months-long bidding war, and that the deal was signed on November 7, her 17th birthday.

Copyright 2013 ABC News Radio

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