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 - 1984 (For The Love Of Big Brother) - US - CD album - £12.00, $15.00, €13.44 (Back In Stock) (arrived 18-Sep-2020 09:01)on September 19, 2020 at 9:15 am
EURYTHMICS 1984 (For The Love Of Big Brother) (Original 1984 US 9-track CD, featuring music recorded by Annie & Dave for director Michael Radford's 1984 film Nineteen Eighty-Four, based on George Orwell's dystopian novel of the same name; fold-out picture sleeve and back inlay PCD1-5371)
- Eurythmics - 1984 (For The Love Of Big Brother) - UK - vinyl LP - £10.00, $12.50, €11.20 (Back In Stock) (arrived 07-Aug-2020 09:23)on September 19, 2020 at 9:15 am
EURYTHMICS 1984 [For The Love Of Big Brother] (1984 UK 9-track vinyl LP with picture labels, featuring music derived from the group's score for the film, including SexCrime, Winston's Diary and Room 101. The picture sleeve comes complete with the picture inner and the vinyl remains in excellent condition with few signs of play V1984)
- Eurythmics - Shame - UK - 12" vinyl - £18.00, $22.50, €20.16 (New Item) (arrived 14-Jul-2020 08:52)on September 19, 2020 at 9:15 am
EURYTHMICS Shame (Rare 1987 UK limited edition 3-track 12" vinyl single, includes Dance Mix plus I've Got A Lover [Back In Japan], hype-stickered picture sleeve with numbered print. The sleeve has some notable edge scuffing, but the print and vinyl are in near as new condition DAT14P)
- David A. Stewart - Jack Talking - UK - 7" vinyl - £6.99, $8.74, €7.83 (New Item) (arrived 18-Jul-2020 18:42)on September 19, 2020 at 9:15 am
DAVE STEWART AND THE SPIRITUAL COWBOYS Jack Talking (1990 UK 7" vinyl single, also including Suicidal Sid, within a glossy flipback style card picture sleeve PB43907)
- Eurythmics - Touch Tour + Ticket Stub - UK - tour programme - £20.00, $25.00, €22.40 (New Item) (arrived 21-Jul-2020 16:24)on September 19, 2020 at 9:15 am
EURYTHMICS Touch Tour (1983 UK 20-page tour programme, packed with rare photos. The cover displays just a little light wear & signe of age, and includes two ticket stubs for the 13th November show at the Apollo Theatre in Oxford, stapled to the second page inside)
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