Sunday, February 28, 2021
  • Login
No Result
View All Result
The Eon Times
  • Lifestyle
    • Fashion
    • Hair & Beauty
    • Celebrity
    • Food
    • Home & Garden
    • Horoscopes
    • Parenting
    • Relationships
  • Entertainment
    • Movies
    • Music
    • Television
  • Health & Fitness
  • Finance
    • Business
    • Property
  • News
    • Africa
    • Americas
    • Asia
    • Australia
    • Europe
    • Middle East
    • US
  • Science
  • Sports
    • Cricket
    • F1
    • Football
    • Tennis
  • Technology
    • Gadgets
    • Gaming
  • Travel
The Eon Times
No Result
View All Result
The Eon Times
No Result
View All Result
Home Entertainment Music

Neil Younger sells half of his music catalogue for round $150 million

January 6, 2021
in Music
Reading Time: 3min read
0 0
0
Neil Young sells half of his song catalogue for around $150 million

Neil Young has sold 50% of the rights to his entire back catalogue in a landmark new deal.

Hipgnosis Songs Fund purchased 1,180 songs by the Canadian musician in a deal that is said to be worth an estimated $150 million (£110 million), according to the BBC.

The Young acquisition comes after the company acquired the rights to former Fleetwood Mac singer Lindsay Buckingham‘s back catalogue this week, as well as Jimmy Iovine’s worldwide producer royalties.

“This is a deal that changes Hipgnosis forever,” Hipgnosis founder Merck Mercuriadis said of the Young deal. “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.”

Neil Younger sells half of his music catalogue for round $150 millionNeil Young (Picture: Getty)

Hipgnosis are known for turning royalties into a steady income stream – with the firm making money every time one of its songs is played on the radio or featured in a film/TV show.

“It now turns out logical for Hipgnosis to partner with Neil to ensure his incredible songs reach all corners of the earth,” Mercuriadis added.

“I built Hipgnosis to be a company Neil would want to be a part of. We have a common integrity, ethos and passion born out of a belief in music and these important songs. There will never be a ‘Burger Of Gold’ but we will work together to make sure everyone gets to hear them on Neil’s terms.”

Before creating Hipgnosis, Mercuriadis was known for managing some of the world’s biggest acts, including Beyoncé, Elton John, Iron Maiden and Guns ‘N’ Roses.

Other recent acquisitions by Hipgnosis include catalogues by the likes of Blondie, L.A. Reid, RZA and The-Dream.

The company also purchased a publishing portfolio from Kobalt in September. The sale included songs by Fleetwood Mac, 50 Cent, Beyoncé and many others.

In December last year, Bob Dylan also struck a deal with Universal Music to sell his entire songwriting catalogue for a fee that is believed to be in the region of $300 million.

Publisher

Tags: catalogueMillionNeilsellssongyoung

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
Exavier

Exavier

Related Posts

Bobby Shmurda set to be released from prison tomorrow
Music

Bobby Shmurda set to be released from prison tomorrow

by Exavier
February 23, 2021

Bobby Shmurda is set to be released from prison in New York tomorrow (February 23). The New York rapper, who...

Read more
Large live events could return in England from June

Large live events could return in England from June

February 22, 2021
Music industry calls for more economic support as roadmap out of lockdown revealed

Music industry calls for more economic support as roadmap out of lockdown revealed

February 22, 2021
SHINee make long-awaited comeback with new song Don't Call Me

SHINee make long-awaited comeback with new song Don’t Call Me

February 22, 2021
Music world reacts to Daft Punk’s split: “An inspiration to all”

Music world reacts to Daft Punk’s split: “An inspiration to all”

February 22, 2021
"We're just gonna wait it out"

“We’re just gonna wait it out”

February 22, 2021
Load More

© 2020 The Eon Times. All Rights Reserved.

No Result
View All Result

© 2020 The Eon Times. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
We Know You Better!
Subscribe To Our Newsletter
Be the first to get latest updates and
exclusive content straight to your email inbox.
Yes, I want to receive updates
No Thanks!
close-link