Music Publishing maybe coming around again.
With no concerts on the Horizon some investors are buying up catalogs of songs
From headline acts to club artists Covid-19 has put a halt on the entermainment scene like nothing we have seen in our lifetime.For many years publishing houses would have artists write and record songs and build a library of song rights and copyrights. In recent years many of those publishing houses went out of business due to the massive changes in the way the music industry worked. Many publishing houses stop operating completely or had massive cutbacks. But that might be changing soon. With no concerts on the Horizon some investors are buying up catalogs of songs rights. Recently Hipgnosis publishing recently bought Timbaland's catalog.
Hipgnosis Songs Fund, which was listed on the main market of the London Stock Exchange (LSE) on Wednesday, plans to build a portfolio of
songs that generate a long-term income stream.
"There is a lot of money on the sidesline and investor are looking for places to put it"
Following the listing, the company revealed that it has acquired a 75 percent interest in its first music rights catalog from musician
Terius Youngdell Nash, better known as The-Dream. Included in the 302-song collection are Justin Bieber’s smash hit “Baby,” Rihanna’s “Umbrella”
and Beyonce’s “Single Ladies.”
Hipgnosis is to pay $23.75 million for the stake.
Lookout songwriters Hipgnosis wants to eventually own 20% of the publishing market.