The value of the deal has not been made public, but the drummer's catalog includes at least 300 songs, including everything released by Fleetwood Mac from 1968 onward.
Rolling Stone reports the acquisition is BMG's largest in two years.
News of Fleetwood's catalog sale comes after Stevie Nicks sold the majority of her publishing for a reported $100 million to Primary Wave Music and after guitarist Lindsey Buckingham sold his own publishing rights to Hipgnosis Songs Fund for an undisclosed amount (believed to be upwards of $30 million, per Billboard).
Buckingham's sale included 100 percent of the publishing on 161 songs of his, plus 50 percent of the publishing on his unreleased material.
Fleetwood celebrated the deal in a statement, calling it "a wonderfully inspiring marriage between two creative partners," who are well-versed in all aspects of the entertainment industry.
Music intellectual property is a burgeoning industry for major firms. Earlier this month, Neil Young announced a $150 million deal with Hipgnosis for half the rights of his recorded catalog, while Bob Dylan shocked the industry in December, announcing an even more gargantuan $300 million agreement with Universal Music Group for his catalog.
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