From Mark Sweney at The Guardian
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.
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- Eurythmics - Thorn In My Side - UK - 7" vinyl - £6.99, $9.02, €8.32 (New Item) (arrived 25-Jul-2024 15:32)on July 26, 2024 at 9:45 am
EURYTHMICS Thorn In My Side (1986 UK 7" vinyl single, also includes In This Town, picture sleeve. The sleeve shows only light shelfwear and the vinyl is in excellent condition)
- Eurythmics - Touch - 180gm - UK - vinyl LP - £19.99, $25.79, €23.79 (New Item) (arrived 10-Jul-2024 15:30)on July 26, 2024 at 9:45 am
EURYTHMICS Touch (2018 UK remastered issue of the 1983 9-track vinyl LP pressed on 180 gram vinyl with picture sleeve and lyric inner. Including the singles Who's That Girl?, Right By Your Side and Here Comes The Rain Again. Although not sealed, both the sleeve and vinyl remain in near mint condition)
- Eurythmics - Sweet Dreams (Are Made Of This) - solid - UK - 7" vinyl - £6.99, $9.02, €8.32 (New Item) (arrived 04-Jul-2024 15:18)on July 26, 2024 at 9:45 am
EURYTHMICS Sweet Dreams [Are Made Of This] (1982 UK solid centre 7" vinyl single, also including I Could Give You [A Mirror], record company die-cut paper sleeve DA2)
- Eurythmics - When Tomorrow Comes - UK - 7" vinyl - £6.99, $9.02, €8.32 (New Item) (arrived 04-Jul-2024 15:20)on July 26, 2024 at 9:45 am
EURYTHMICS When Tomorrow Comes (1986 UK 7" vinyl single, also including Take Your Pain Away, picture sleeve DA7)
- Eurythmics - Savage - German - vinyl LP - £8.00, $10.32, €9.52 (New Item) (arrived 04-Jul-2024 15:34)on July 26, 2024 at 9:45 am
EURYTHMICS Savage (1987 German issue 12-track vinyl LP, including the singles Beethoven [I Love To Listen To], Shame and I Need A Man. The picture sleeve comes with its lyric inner and shows minimal wear with the vinyl looking barely played PL71555)
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