Firm that offers investors chance to profit from royalties secures new collection of hits
A London-listed company offering investors the chance to make money from the royalties of songs by famous artists has struck a deal to buy the music catalogue of the Eurythmics co-founder Dave Stewart.
Stewart and his fellow Eurythmics founder Annie Lennox have produced global hits including Sweet Dreams (Are Made of This), Would I Lie to You? and There Must be an Angel (Playing with My Heart) and have sold more than 100m albums worldwide.
“The work Dave and Annie did together as Eurythmics defines the 1980s and 1990s but still remains timeless today,” said Mercuriadis. “I’m not generally one for puns but sweet dreams are literally made of this.”
Stewart co-wrote and produced every Eurythmics album, including eight top five and three No 1 albums in the UK. His overall catalogue comprises 1,068 songs and includes income from his share of writer, artist and producer copyright interest in songs. He has also produced and written songs with artists including Tom Petty, No Doubt, and Shakespears Sister.
“[Merck] sees his company more like a song management company unlike many publishers who act more like a collection agency and wait for the money to pour in,” said Stewart. “I’m excited to be on the advisory board of this forward thinking company.”
Hipgnosis, which aims to build a valuable portfolio of rights to songs that will generate good long-term returns for investors, made its debut on the London Stock Exchange in July raising £200m from its initial public offering to spend on catalogues. The company is proving popular with investors, raising a further £141.5m last month, far exceeding its original £100m target.
In November, Hipgnosis struck a multimillion-pound deal for the catalogue of Jason Boyd, one of Justin Bieber’s closest collaborators, which included the Bieber remix of the global hit Despacito.
In the 1990s, punters were given the chance to invest in David Bowie’s success by purchasing Bowie Bonds. These were 10-year premium bonds secured against Bowie’s future royalty earnings from songs released prior to 1993, with an attractive interest rate of 7.9%. Prudential Insurance bought the whole issue for $55m. Bowie was followed by artists including Iron Maiden and James Brown. However, as music fans drifted away from record stores in the early 2000s, owners of Bowie Bonds saw their investment tank.
Collecting original, rare and out of print Vinyl, CDs & Memorabila from Dave, Annie and the Eurythmics? Explore our full stock here or see what’s just arrived below…
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- Eurythmics - Sweet Dreams (Are Made Of This) - US - vinyl LP - £10.00, $13.70, €11.70 (New Item) (arrived 17-Sep-2021 10:26)on September 21, 2021 at 8:25 am
EURYTHMICS Sweet Dreams (Are Made Of This) (1983 US 10-track LP, deletion-cut picture sleeve with lyric inner. The sleeve shows light wear with a split to the inner and the vinyl appears barely played AFL1-4681)
- Eurythmics - Who's That Girl? - UK - 7" vinyl - £8.00, $10.96, €9.36 (New Item) (arrived 20-Jul-2021 16:55)on September 21, 2021 at 8:25 am
EURYTHMICS Who's That Girl? (1983 UK solid centre 7" vinyl single with picture labels, also including You Take Some Lentils And You Take Some Rice. Both the glossy picture sleeve and vinyl remains in excellent condition DA3)
- Eurythmics - Love Is A Stranger - UK - 7" picture disc - £15.00, $20.55, €17.55 (New Item) (arrived 28-Jun-2021 08:25)on September 21, 2021 at 8:25 am
EURYTHMICS Love Is A Stranger (1982 UK limited edition 7" Picture Disc single, also including Monkey Monkey, clear PVC sleeve DA(P)1)
- Eurythmics - It's Alright (Baby's Coming Back) - UK - 12" vinyl - £8.00, $10.96, €9.36 (New Item) (arrived 02-Jul-2021 12:36)on September 21, 2021 at 8:25 am
EURYTHMICS It's Alright [Baby's Coming Back] (1985 UK 3-track 12" single, also including Tous Les Garcon Et Les Filles & Conditioned Souls, housed in the white & gold titled sleeve. The sleeve is Excellent [tiny thumbnail split on left side edge]& the vinyl is Near Mint with few signs of play PT40376)
- Eurythmics - There Must Be An Angel (Playing With My Heart) - UK - 12" vinyl - £10.00, $13.70, €11.70 (New Item) (arrived 06-Jul-2021 10:14)on September 21, 2021 at 8:25 am
EURYTHMICS There Must Be An Angel [Playing With My Heart] (1985 UK 12" vinyl single including a Special Dance Mix plus Grown Up Girls. The picture sleeve shows just a little storage wear and the vinyl remains in excellent condition with few signs of play PT40248[R])
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