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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- Eurythmics - Here Comes The Rain Again - UK - 12" vinyl - £8.00, $10.00, €9.36 (New Item) (arrived 01-May-2024 10:28)on May 1, 2024 at 10:58 pm
EURYTHMICS Here Comes The Rain Again (1984 UK 3-track 12" single, also including Paint A Rumour & a live version of This City Never Sleeps. The glossy picture sleeve shows some edgewear whilst the vinyl remains in excellent condition with light signs of play DAT5)
- Eurythmics - I Need A Man - UK - 7" vinyl - £6.99, $8.74, €8.18 (New Item) (arrived 29-Apr-2024 14:27)on May 1, 2024 at 10:58 pm
EURYTHMICS I Need A Man (1987 UK 2-track 7" vinyl single, also including I Need You, paper picture sleeve. The sleeve displays a little edgewear and despite a couple of light paper surface scuffs, the vinyl remains in excellent condition DA15)
- Eurythmics - Right By Your Side - UK - 12" vinyl - £8.00, $10.00, €9.36 (New Item) (arrived 29-Apr-2024 12:43)on May 1, 2024 at 10:58 pm
EURYTHMICS Right By Your Side (1983 UK 3-track 12" vinyl single, also including the Special Mix and 'Plus Something Else'. The picture sleeve has a little shelfwear to the edges but the vinyl remains in excellent condition DAT4)
- Eurythmics - The King & Queen Of America - Sealed - UK - 12" vinyl - £15.00, $18.75, €17.55 (New Item) (arrived 29-Apr-2024 12:51)on May 1, 2024 at 10:58 pm
EURYTHMICS The King & Queen Of America (1989 UK 4-track vinyl 12" single, also including See No Evil and the live tracks There Must Be An Angel Playing With My Heart and I Love You Like A Ball, housed in a sealed glossy picture sleeve. The sleeve has been pulled slightly by the shrink wrap over time and remains nplayed DAT24)
- Eurythmics - Here Comes The Rain Again - UK - 7" picture disc - £15.00, $18.75, €17.55 (New Item) (arrived 29-Apr-2024 14:12)on May 1, 2024 at 10:58 pm
EURYTHMICS Here Comes The Rain Again (1983 UK limited edition 7" Picture Disc single, also including Paint A Rumour, clear PVC sleeve DAP5)
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