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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- Dave Stewart - Lily Was Here - UK - 12" vinyl - £10.00, $12.70, €11.40 (New Item) (arrived 24-May-2019 13:37) on January 1, 1970 at 12:00 am
DAVE STEWART & CANDY DULFER Lily Was Here (1989 UK 3-track 12" vinyl single, including the Space Centre Medical Unit Hum and Orbital Space Lab remixes by The Orb plus Lily Robs The Bank, glossy picture sleeve. The sleeve shows little wear and the vinyl looks almost unplayed ZT43046) […]
- Eurythmics - Touch - UK - vinyl LP - £8.00, $10.16, €9.12 (New Item) (arrived 17-May-2019 14:31) on January 1, 1970 at 12:00 am
EURYTHMICS Touch (1983 German pressed UK Direct Metal Mastered 9-track vinyl LP including the hits singles Who's That Girl? and Right By Your Side, hype stickered picture sleeve with illustrated credits. The sleeve shows just the lightest sign of shelfwear, with the inner showing a small seam split to one edge, whilst the vinyl looks barely played and shows just light paper hairlines and the odd scuff which all remain cosmetic PL70109) […]
- Eurythmics - The Miracle Of Love - UK - 7" vinyl - £7.99, $10.15, €9.11 (New Item) (arrived 11-May-2019 12:56) on January 1, 1970 at 12:00 am
EURYTHMICS The Miracle Of Love (1986 UK 7" single, also including a live version of When Tomorrow Comes recorded at The Roxy in LA. The picture sleeve shows a bit of ring wear & the vinyl looks barely played DA9) […]
- Eurythmics - The Revenge Tour - UK - tour programme - £25.00, $31.75, €28.50 (New Item) (arrived 09-May-2019 15:32) on January 1, 1970 at 12:00 am
EURYTHMICS The Revenge Tour (Official 1986 UK 24-page 9½" x 13" tour programme including rice paper inner leaves with an introduction by Bob Geldof, plus biographies of each band member and lots of great pictures, embossed picture cover) […]
- Eurythmics - Touch + Merchandise insert - UK - vinyl LP - £10.00, $12.70, €11.40 (New Item) (arrived 04-May-2019 15:44) on January 1, 1970 at 12:00 am
EURYTHMICS Touch (1983 UK Direct Metal Mastered 9-track LP, pressed in Germany for the UK market, including the hits singles Who's That Girl? & Right By Your Side, picture sleeve with merchandise insert. The sleeve shows minor age wear & the vinyl is Excellent PL70109) […]
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