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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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 - Touch + Merchandise insert - UK - vinyl LP - £10.00, $12.80, €12.10 (New Item) (arrived 02-Dec-2024 18:00)on December 6, 2024 at 7:00 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. The glossy picture sleeve has light shelfwear but comes with the printed credit inner & merchandise insert while the vinyl looks barely played PL70109)
- Eurythmics - Sweet Dreams [Are Made Of This] - Greek - vinyl LP - £12.00, $15.36, €14.52 (New Item) (arrived 26-Nov-2024 12:22)on December 6, 2024 at 7:00 am
EURYTHMICS Sweet Dreams [Are Made Of This] (Scarce 1983 Greek issue 10-track vinyl LP, the second studio album from Annie & Dave, including the singles This Is The House, The Walk, Love Is A Stranger and the classic title track. The glossy picture sleeve has a little creasing to the edges and split to then spine, however the vinyl looks barely played. Only the second copy of this Greek pressing that we've had! RCLP20261)
- Eurythmics - Beethoven [I Love To Listen To] - UK - 7" vinyl - £8.00, $10.24, €9.68 (New Item) (arrived 08-Nov-2024 18:00)on December 6, 2024 at 7:00 am
EURTHMICS Beethoven [I Love To Listen To] (1987 UK solid centre 7" vinyl single, also including Heaven, picture sleeve DA11)
- Eurythmics - Don't Ask Me Why - UK - 7" vinyl - £8.00, $10.24, €9.68 (New Item) (arrived 08-Nov-2024 18:00)on December 6, 2024 at 7:00 am
EURYTHMICS Don't Ask Me Why (1989 UK RCA solid centre 7" vinyl single, also including Rich Girl, glossy picture sleeve. The sleeve shows a little light wear and the vinyl is in excellent condition DA19)
- Annie Lennox - Walking On Broken Glass - UK - 7" vinyl - £8.00, $10.24, €9.68 (New Item) (arrived 08-Nov-2024 18:00)on December 6, 2024 at 7:00 am
ANNIE LENNOX Walking On Broken Glass (1992 UK 7" vinyl single, including the Single Mix of the title track and Legend In My Living Room, both taken from her No.1 multi-platinum album Diva, which spent an incredible 80 weeks on the UK album chart, picture sleeve)
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