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 - Touch Tour + Ticket Stub - Japanese - tour programme - £40.00, $56.40, €46.40 (New Item) (arrived 11-May-2021 13:07)on May 12, 2021 at 8:22 am
EURYTHMICS Touch Tour (Scarce original 1984 Japanese 32-page tour programme, measuring 13" x 9½" in size, loaded with colour and black & white images, and Japanese text, great colour cover featuruing the album artwork. This remains in a reallynice condition and includes ticket stub for the 14th June show at the Kosei Nenkin Kaikan hall in Tokyo)
- Eurythmics - Sisters Are Doin' It For Themselves - WRAF sleeve - UK - 12" vinyl - £10.00, $14.10, €11.60 (New Item) (arrived 15-Apr-2021 10:04)on May 12, 2021 at 8:22 am
EURYTHMICS & ARETHA FRANKLIN Sisters Are Doin' It For Themselves (1985 UK 3-track 12" vinyl single also featuring ET Mix & I Love You Like A Ball & Chain, WRAF picture sleeve with vintage price sticker. The vinyl and sleeve are in excellent condition PT40340)
- Eurythmics - Sweet Dreams (Are Made Of This) - German - vinyl LP - £10.00, $14.10, €11.60 (New Item) (arrived 15-Mar-2021 16:36)on May 12, 2021 at 8:22 am
EURYTHMICS Sweet Dreams (Are Made Of This) (1983 German 10-track vinyl LP, their second studio album including the singles This Is The House, The Walk, Love Is A Stranger and the classic title track, complete with the illustrated lyric inner, picture sleeve. The sleeve shows just a little light shelfwear & the vinyl remains in superb condition & looks barely played PL70014)
- Eurythmics - Touch - Greek - vinyl LP - £10.00, $14.10, €11.60 (New Item) (arrived 16-Mar-2021 11:23)on May 12, 2021 at 8:22 am
EURYTHMICS Touch (1983 Greek Direct Metal Mastered 9-track vinyl LP, including Here Comes The Rain Again, Right By Your Side and Who's That Girl, with picture sleeve. The sleeve still retains a wonderful shine with only minimal shelfwear and the vinyl looks unplayed! RCLP20287)
- Eurythmics - The Revenge Tour - UK - tour programme - £25.00, $35.25, €29.00 (New Item) (arrived 16-Mar-2021 12:18)on May 12, 2021 at 8:22 am
EURYTHMICS The Revenge Tour (Official 1986 UK twenty four page 9½" x 13" tour programme including rice paper inner leaves with an introduction by Bob Geldof, biographies of each band member and lots of great pictures, embossed picture cover)
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