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 - It's Alright (Baby's Coming Back) - UK - 12" vinyl - £8.00, $9.84, €9.28 (New Item) (arrived 19-Apr-2024 10:37)on April 23, 2024 at 6:30 pm
EURYTHMICS It's Alright [Baby's Coming Back] (1985 UK 3-track 12" single, also including Tous Les Garcon Et Les Filles & Conditioned Souls, housed in the white & gold titled sleeve PT40376)
- Eurythmics - Revenge - 1st - UK - vinyl LP - £10.00, $12.30, €11.60 (New Item) (arrived 28-Mar-2024 12:44)on April 23, 2024 at 6:30 pm
EURYTHMICS Revenge (1986 German pressed UK 10-track vinyl LP, their fifth studio album including the singles When Tomorrow Comes, Thorn In My Side, The Miracle Of Love and Missionary Man. The glossy picture sleeve has embossed titles and showsminor shelfwear and comes with the illustrated lyric inner, while the vinyl remains in excellent condition PL71050)
- Eurythmics - Never Gonna Cry Again - UK - 12" vinyl - £30.00, $36.90, €34.80 (New Item) (arrived 15-Feb-2024 11:41)on April 23, 2024 at 6:30 pm
EURYTHMICS Never Gonna Cry Again (Rare 1981 UK 'A' label 2-track 12" vinyl single, also including Le Sinistre, housed in a single pocket flipback picture sleeve. The sleeve shows only minor signs of its age & the vinyl has jsu ta few light marksto show for its over 40 years. A fantastic item RCAT68)
- Eurythmics - Revival + Print - UK - 12" vinyl - £15.00, $18.45, €17.40 (New Item) (arrived 15-Feb-2024 11:46)on April 23, 2024 at 6:30 pm
EURYTHMICS Revival (1989 UK limited edition 3-track 12" vinyl single including Extended Dance Mix and the 7" Version plus Precious, housed in a glossy gatefold picture sleeve with the numbered art print DAT18)
- David A. Stewart - Dave Stewart And The Spiritual Cowboys - UK - vinyl LP - £15.00, $18.45, €17.40 (New Item) (arrived 02-Mar-2024 12:56)on April 23, 2024 at 6:30 pm
DAVE STEWART Dave Stewart And The Spiritual Cowboys (1990 UK 14-track LP, pressed in germany for the UK market, complete with illustrated lyric inner, picture sleeve. The sleeve shows minimal shelfwear and the vinyl remains near 'as new' & looks barely played PL74710)
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