A band that might have really benefited from this approach would be The Verve in the UK. "Bittersweet Symphony" in 1997 was a worldwide hit, but they made £0 from it as the majority of royalties had to be paid to the Rolling Stones' label as the iconic melody was a rework of 1965's "The Last Time".
In 2019, Jagger and Richards gave the publishing royalty rights back the Verve -- 11 years after the band broke up.