Rabs Posted January 6, 2021 Share Posted January 6, 2021 Neil Young sells song rights in '$150m' deal - BBC News An investment firm has bought 50% of the rights to all Neil Young's songs. Hipgnosis Songs Fund spent an estimated $150m (£110m) on 1,180 songs written by the Canadian folk rocker. The fund, which lets people invest in hit songs, has previously splashed out about £1bn snapping up rights to songs from the likes of Mark Ronson, Chic, Barry Manilow and Blondie. Founded by music industry veteran Merck Mercuriadis, Hipgnosis turns music royalties into an income stream. "This is a deal that changes Hipgnosis forever," said Mr Mercuriadis. "I bought my first Neil Young album aged seven. Harvest was my companion and I know every note, every word, every pause and silence intimately. "Neil Young, or at least his music, has been my friend and constant ever since." Stable investment Hipgnosis has been listed on the London Stock Exchange since July 2018. When songs owned by the fund get played on the radio or placed in a film or TV show, it makes money. Before setting up Hipgnosis, Mr Mercuriadis managed artists such as Beyoncé, Elton John, Iron Maiden and Guns 'N' Roses. In his view, songs are "as investible as gold or oil". He says hit songs are a stable investment because their revenue is unaffected by fluctuations in the economy. The sale of song catalogues has become a booming business during the Covid-19 pandemic, with investors seeing music as a relatively stable asset in an otherwise turbulent market. Earlier this week, Hipgnosis bought 100% of the rights to Lindsey Buckingham's 161 songs for an undisclosed amount. The songs include hits that Buckingham wrote or co-wrote for Fleetwood Mac, including Go Your Own Way and The Chain. The group's Stevie Nicks sold 80% of her publishing rights last year to Hipgnosis rival Primary Wave for about $80m. Last month, Universal Music Group announced it had bought 100% of Bob Dylan's 600 songs for between an estimated $200m and $450m (£150m-£340m). The singer-songwriter was the latest of a number of artists to join up with the Los Angeles-based Universal, following other big names such as Bruce Springsteen, Billie Eilish, Kendrick Lamar and Post Malone. Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 6, 2021 Share Posted January 6, 2021 Guess he's pulling a Bob Dylan and following his lead. I sure hope the USA taxes him, cause now he's also an American citizen. Quote Link to comment Share on other sites More sharing options...
rct Posted January 6, 2021 Share Posted January 6, 2021 Divorce, kids, the end of life. It all makes sense for these guys to do that. Why die and let a bunch of xWives and kids you never saw fight over it all. rct Quote Link to comment Share on other sites More sharing options...
Big Bill Posted January 6, 2021 Share Posted January 6, 2021 I guess Hipgnosis never heard one of his songs. 1 1 Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 6, 2021 Share Posted January 6, 2021 (edited) 42 minutes ago, Big Bill said: I guess Hipgnosis never heard one of his songs. Still talking to Croz, and Nash. Hey I got a great idea, lets get this nut job I used to be in a band with, and let him join. He is not a good singer, so us 3 that can will sound even better. I guess you got a confused face cause someone didn't read the whole thing and see Hipgnosis Song Fund was the company that came up with the capitol for his songs and they were confused. Its not the Hipgnosis that used to make all the cool album covers. Edited January 6, 2021 by Sgt. Pepper Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 6, 2021 Share Posted January 6, 2021 (edited) 1 hour ago, ghost_of_fl said: You sure that wasn't the Eagles discussing Joe Walsh? 😃 They do talk about that in the History Of The Eagles doc. At least with Joe they got a killer guitarist. Killer slide player to boot. His voice takes getting used to. He is no Jon Anderson. Edited January 6, 2021 by Sgt. Pepper 1 Quote Link to comment Share on other sites More sharing options...
Karloff Posted January 6, 2021 Share Posted January 6, 2021 with the pathetic amount artists are paid per download of their music, I think it was a smart move ... 1 Quote Link to comment Share on other sites More sharing options...
SteveFord Posted January 6, 2021 Share Posted January 6, 2021 But isn't it all the same song? Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 7, 2021 Share Posted January 7, 2021 (edited) I just looked and Neil's current net worth is 65 million, so its not like before this deal was made he was some poor starving homeless person living in tent city and begging for change. Edited January 7, 2021 by Sgt. Pepper Quote Link to comment Share on other sites More sharing options...
'Scales Posted January 7, 2021 Share Posted January 7, 2021 That should keep Daryl in facelifts for a while. 1 Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 7, 2021 Share Posted January 7, 2021 17 hours ago, Rabs said: I I think Neil is soiling his Depends at that moment the camera snapped the photo. 1 Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 7, 2021 Share Posted January 7, 2021 (edited) 2 hours ago, ghost_of_fl said: Where did you look, Bing? You know why microsoft called it "Bing"? Because It's Not Google 😅 Maybe the 80 mil posted to site is supposed to be in Canadian coinage. And he's Canadian/American. As of last January he became an American citizen. Does he need two passports now? Edited January 7, 2021 by Sgt. Pepper Quote Link to comment Share on other sites More sharing options...
Karloff Posted January 7, 2021 Share Posted January 7, 2021 65 Mil / 80 Mil ... I could make do with either ... maybe get a paint job for my Hyndai Accent ... Quote Link to comment Share on other sites More sharing options...
Sgt. Pepper Posted January 7, 2021 Share Posted January 7, 2021 (edited) 1 hour ago, Karloff said: 65 Mil / 80 Mil ... I could make do with either ... maybe get a paint job for my Hyndai Accent ... What are you gonna do with the the $64,997,500 or $79,997,500 left over? That could by a lot of strings. Edited January 7, 2021 by Sgt. Pepper 1 Quote Link to comment Share on other sites More sharing options...
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