Neil Young sold 50% of the copyright to his entire song catalog

Neil Young He sold 50% of the copyright and income interests in his 1180 song catalog to Hipgnosis Songs Fund Limited, a UK investment firm founded by a manager turned investor MercuryIndis. The move comes days after hypogonosis, who spent the past year Capture left and right music catalogs, He declared it was Attained 100% Lindsey Buckingham Copyright Plus Jimmy Yoffin’s production revenue.

“I bought my first Neil Young album at the age of seven,” Mercuryades said in a statement. “Harvest My companion and I knew every note, every word, every pause and silence. Neil Young, or at least his music, has been my friend and has continued ever since. Over the past 50 years, that friendship has brought me back to Buffalo Springfield, Crosby, Stiles, Nash & Young, Everyone knows this isn’t anywhereAnd the After the gold feverAnd guide me forward on the beachAnd the tonight’s the NightAnd the ZumaAnd the Time comesAnd the Rust never sleepsAnd the AcrossAnd the These notes are for youAnd the freedomAnd the Glory jagged Grindal And through every successive album until the last year Colorado. “

Young never licensed any of his songs for use in an advertisement. In the video of his successful 1988 comeback titled “This Note’s For You,” he heavily mocked artists such as Michael Jackson, Whitney Houston and Eric Clapton who participated in the practice. He sang “Don’t Sing to Pepsi”. “I don’t sing to Coke / I don’t sing to anyone / Makes me sound like a joke.”

The exact terms of the deal with Hipgnosis are not specified, but Mercuriadis states that popular songs like “Heart of Gold” will not be used to sell fast food. He said, “I built Hipgnosis to be a company that Neill wants to be a part of.” “We have a shared integrity, spirit and passion born out of a belief in music and these important songs. There will never be a” burger of gold “, but we will work together to make sure that everyone hears them on Neil’s terms.”

In his statement, Mercuryades said that Elliott Roberts, Young’s manager, has long been, Who passed away in 2019, He was a close friend and mentor. Since Roberts’ death, Frank Gironda has been running Young.

“Elliott was the model I wanted to be,” Mercuriades said. “He and Neil were partners in crime, and Elliott made sure that art was never compromised and commerce always maximized. He fully praised Neill’s integrity and together they protected the songs so hard that they became important to millions of people all over the world. This was a personal behavior that you could aspire to,” And it’s something you can believe in … With Elliott’s death last year, it was only natural that Frank, who worked so brilliantly at his side, wore his place, and it now made sense for Hipgnosis to partner with Neil to ensure his great songs reach all corners of the earth.

Young is the latest in a long list of veteran artists who have recently sold at least a portion of their copyrights to music investment firms – a new breed of company in the music industry offering huge payouts to artists in exchange for controlling their lucrative families. Streams. Last month , Bob Dylan sold his entire catalog to Universal For 300 million dollars. Around the same time, Steve Nicks sold the majority of its posts To Primary Wave Music Publishing with its name and likeness.