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) - UK - vinyl LP - £10.00, $12.30, €11.30 (New Item) (arrived 01-Feb-2023 10:19)on February 2, 2023 at 12:49 am
EURYTHMICS Sweet Dreams (Are Made Of This) (1983 UK 10-track vinyl LP including This Is The House, The Walk, Love Is A Stranger and the classic title track, housed in a picture sleeve with lyric inner. The picture sleeve has some light wear tothe corners ,whilst the vinyl has light signs of play RCALP6063)
- Eurythmics - Touch - UK - picture disc LP - £35.00, $43.05, €39.55 (New Item) (arrived 09-Jan-2023 09:02)on February 2, 2023 at 12:49 am
EURYTHMICS Touch (Special Limited Edition 1984 UK 9-track Picture Disc LP, housed in a die-cut tracklist sleeve. The sleeve shows only light signs of its age & the disc appears barely played PLP70109)
- Eurythmics - Touch Dance - Stickered Sleeve - UK - vinyl LP - £10.00, $12.30, €11.30 (New Item) (arrived 18-Dec-2022 10:29)on February 2, 2023 at 12:49 am
EURYTHMICS Touch Dance (1984 UK/German-pressed 7-track LP, featuring selections from the 'Touch' album remixed by John 'Jellybean' Benitez & François Kevorkian, hype stickered glossy picture sleeve. The sleeve shows minimal edge wear & the vinyl appears barely played PG70354)
- Eurythmics - 1984 (For The Love Of Big Brother) - UK - vinyl LP - £10.00, $12.30, €11.30 (New Item) (arrived 28-Dec-2022 12:25)on February 2, 2023 at 12:49 am
EURYTHMICS 1984 [For The Love Of Big Brother] (1984 UK 9-track LP with picture label, featuring music derived from the group's score for the film, including SexCrime, Winston's Diary & Room 101. The picture sleeve comes complete with the picture inner & remains in excellent condition along with the vinyl V1984)
- Eurythmics - We Too Are One - German - vinyl LP - £8.00, $9.84, €9.04 (New Item) (arrived 28-Dec-2022 16:45)on February 2, 2023 at 12:49 am
EURYTHMICS We Too Are One (1989 German 10-track LP, including The King & Queen Of America & Angel, picture sleeve with fold-out illustrated lyric insert. The sleeve shows minimal wear & the vinyl is excellent looking barely played PL74251)
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