By Gary Symons TLL Editor in Chief The future of Hipgnosis Songs fund is looking bleak, as 83.2% of shareholders voted to restructure the company. As well, investors rejected a proposal by the company's senior management, including CEO Merck Mercuridadis, to prop up its finances by selling off $440 million worth of its music catalog to a sister fund backed by … [Read more...] about Update: Angry Shareholders Vote to Restructure Hipgnosis Song Fund
Music catalogs
Litmus Music Enters Into Nine Figure Deal With Katy Perry
By Gary Symons TLL Editor in Chief Photo by Joella Marano The American pop singer/songwriter Katy Perry has just inked a deal with Litmus Music for her music catalog worth a reported $225 million. The music rights company announced it has entered into a "creative partnership" with the pop superstar that includes the rights to all five of Perry's studio albums … [Read more...] about Litmus Music Enters Into Nine Figure Deal With Katy Perry
CNN Reports Queen’s Music Catalog to Sell For Over $1 Billion
By Gary Symons TLL Editor in Chief CNN is reporting that the music catalog from the British rock band Queen could sell for more than $1 billion this month. If true, that would be the highest amount ever paid for a music catalog, more than doubling the record $500 million paid to New Jersey rocker Bruce Springsteen. CNN quotes an unnamed source who says negotiations are … [Read more...] about CNN Reports Queen’s Music Catalog to Sell For Over $1 Billion
Music Licensing: Is Justin Bieber’s Catalog Worth More Than $200 Million?
Data From Spotify Says Yes By Gary Symons TLL Editor in Chief (Photo of Justin Bieber by Budiey) Justin Bieber has agreed to sell his entire music catalog to Hipgnosis Songs Capital for more than $200 million. Hipgnosis announced the deal via press release, saying it has acquired “Justin Bieber’s 100% interest in his Publishing Copyrights (including the Writer’s Share … [Read more...] about Music Licensing: Is Justin Bieber’s Catalog Worth More Than $200 Million?
Universal Acquires Sting’s Music Catalog For Reported $300 Million
By Gary Symons TLL Editor in Chief The red-hot market for music catalogs is continuing in 2022 as Universal Music Group acquired the works of Police frontman Sting for a reported $300 million. Sting was represented in the transaction by Allen Grubman with his partners Joe Brenner and Stuart Prager. One of the largest music acquisitions to date, the Sting collection includes … [Read more...] about Universal Acquires Sting’s Music Catalog For Reported $300 Million
Universal Music Expands Rights Agreement With Amazon, Twitch
By Gary Symons TLL Editor in Chief Global music giant Universal Music Group (UMG) has expanded a key rights deal with Twitch and Amazon Music. The deal highlights the growing value of music catalogs held by publishers and labels, as well as the critical importance of synchronization licenses that allow for use of music in video and social media. The expanded agreements will … [Read more...] about Universal Music Expands Rights Agreement With Amazon, Twitch
Who’s The Boss? Springsteen Sells Music Catalog For Record $500 Million
By Gary Symons TLL Editor in Chief Legendary American rocker Bruce Springsteen just cashed out with the sale of his entire music catalog for a cool half-billion dollars. The sale to Sony Music certainly establishes his reputation as "The Boss," far surpassing the $300 million deal to Bob Dylan, and the agreement that saw Canadian rocker Neil Young sell a 50% interest in his … [Read more...] about Who’s The Boss? Springsteen Sells Music Catalog For Record $500 Million