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…
EIL.COM Favourite Music Update Rare CDs, CD Singles, Rare Records, Vinyl Records, Albums and Music
- Annie Lennox - Coca-Cola Planet Live - Austrian - CD album - Promo - £195.00, $265.20, €218.40 (New Item) (arrived 26-Feb-2021 19:42)on March 2, 2021 at 1:18 pm
ANNIE LENNOX Coca-Cola Planet Live (Rare official 1996 Austrian promotional-only CD radio transcription show. This release is part of a limited edition live radio promo series sponsored by Coca-Cola and made by European label MCM/Austereo. Featuring thirteen songs recorded in New York's Central Park, also includes exclusive interview segments; custom printed disc in a clear plastic wallet PL/ALX01/01)
- Annie Lennox - Bare - Sealed - UK - 2-disc CD/DVD set - £14.99, $20.39, €16.79 (Back In Stock) (arrived 29-Dec-2020 13:58)on March 2, 2021 at 1:18 pm
ANNIE LENNOX Bare (2003 UK limited edition 2-disc CD/DVD set comprising a 11-track CD album, plus a Bonus DVD featuring two live acoustic performances filmed at The Depot, London and interview. The disc is 'as new' UNPLAYED housed in the jewel case complete lyric booklet and remains sealed)
- Eurythmics - Be Yourself Tonight - Greek - vinyl LP - £10.00, $13.60, €11.20 (Back In Stock) (arrived 17-Dec-2020 08:50)on March 2, 2021 at 1:18 pm
EURYTHMICS Be Yourself Tonight (1985 Greek 9-track vinyl LP, their fourth studio album including the singles Would I Lie To You?, There Must Be An Angel [Playing With My Heart], Sisters Are Doin' It For Themselves and It's Alright [Baby's Coming Back], glossy non-barcoded picture sleeve with circular song flash in the bottom right corner. The sleeve shows only minor edgewear and the vinyl looks barely played RCA20336)
- Eurythmics - Sweet Dreams - Picture Sleeve - UK - 12" vinyl - £15.00, $20.40, €16.80 (New Item) (arrived 17-Dec-2020 13:58)on March 2, 2021 at 1:18 pm
EURYTHMICS Sweet Dreams (Classic 1982 UK 3-track 12" vinyl single, also featuring Baby's Gone Blue & I Could Give You A Mirror, picture sleeve. The sleeve shows some light ringwear and a little discolouration, whilst the vinyl looks barely playedDAT2)
- Eurythmics - There Must Be An Angel - EX - UK - 12" vinyl - £10.00, $13.60, €11.20 (New Item) (arrived 19-Dec-2020 10:18)on March 2, 2021 at 1:18 pm
EURYTHMICS There Must Be An Angel (1985 UK 12" vinyl single, featuring Stevie Wonder on harmonica, also including Grown Up Girls, picture sleeve. This sleeve has some light ringwear and a little discolouration, whilst the vinyl shows few signsof play PT40248)
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