Following the purchase of Jimmy Iovine and Lindsay Buckingham’s catalogs from Fleetwood Mac, Publisher makes a third big deal in a week
Neil Young has sold Hipgnosis half the rights to his album catalog. The publisher also bought the catalogs of former Fleetwood Mac guitarist Lindsay Buckingham and super-producer Jimmy Iovine in the same week. The contract includes the entire music collection of 1,180 compositions by Young, with Hipgnosis taking 50 percent of the worldwide copyrights and sales of the catalog in return for an unspecified cash amount that is sure to be in the nine-figure range. Merck Mercuriadis, who previously handled artists including Elton John, Guns N ‘Roses and Beyoncé, founded the Hipgnosis Songs Fund in 2018.
In December, he revealed that the market value of the company had reached £ 1,25 billion since taking the company public on the London Stock Exchange in 2018.
The company generated 50 million pounds in sales in the first six months of 2020, twice as much as in the same span of 2019. Part of this increasing revenue from Hipgnosis comes from the use of its song catalog in film and television, as well as in advertisement. Young is famously immune to ads using his songs. He sang on This Note’s for You in 1988, “Ain’t singing for Pepsi / Ain’t singing for Coke / I don’t sing for nobody / Makes me look like a joke. “Mercuriadis recognized Young’s position, saying, “We have a shared integrity, ethos and passion born out of a belief in music and these important songs. Burger of Gold” is a reference to a Neil Young concert in 1973, where he revealed that he was asked b. “He called his albums “part of who I am, they’re responsible for who I’ve become in many respects, and they’re definitely in my DNA. “Hipgnosis also purchased 100% of the 161-song catalog of Lindsay Buckingham earlier this week, including hits he wrote for Fleetwood Mac, such as Go Your Own Way, as well as 50% of all unreleased tracks.
“one of the greatest guitarists, songwriters and producers of all time who is still so underrated. “one of the greatest guitarists, songwriters and producers of all time who is still so underrated.
Iovine said his work had found the right home and that he would use the proceeds to fund the building of a high school in Los Angeles. Before purchasing artist catalogs such as Mark Ronson, Barry Manilow, Steve Winwood and Blondie, Hipgnosis originally purchased the catalogs of star songwriters and producers such as Timbaland, The-Dream, TMS and Rodney Jerkins. In recent years, stars selling their catalogs has become a major trend in the music industry, including Buckingham’s former bandmate Stevie Nicks, who sold 80% of her album rights in December to a rival publisher, Primary Wave. The most dramatic transaction of all happened later the same month: Bob Dylan sold his entire catalog to Universal Music Group for a record amount of over $300 million (£225 million). Universal called it “the most significant music publishing deal of this century and one of the most important of all time.”