Neil Young Sells 50% of His Entire Song Catalogue to Hipgnosis.
American-Canadian singer-songwriter Neil Young has sold half of the rights to his song catalogue to Hipgnosis, in the same week the publishing house has acquired catalogues by former Fleetwood Mac guitarist Lindsay Buckingham and super-producer Jimmy Iovine.
The deal comprises Young’s entire song catalogue of 1,180 compositions, with Hipgnosis taking on 50% of the worldwide copyright and income from the catalogue in exchange for an undisclosed cash sum that will certainly run into nine figures.
Hipgnosis Songs Fund was founded in 2018 by Merck Mercuriadis, who has previously managed artists including Elton John, Guns N’ Roses and Beyoncé. In December, after floating the company on the London Stock Exchange in 2018, he announced the company’s market value had reached £1.25bn. In the first six months of 2020, the company generated £50m in revenue, twice the amount for the same period in 2019.
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