And still the money for investment firms to spend on music copyrights keeps flowing. Round Hill Music closed its third Round Hill Music Royalty Fund yesterday, with $291m to spend on “blue chip and classic songs that have gained significant popularity, earning a steady level of royalties across a variety of media streams and diversified by vintage and genre”. Not that there’s $291m of it left: Round Hill has already spent more than $200m of it buying up songs that have been recorded by the likes of Matchbox Twenty, Black Sabbath, Craig David, Kiss, Bruno Mars and Bachman Turner Overdrive.
Round Hill Music Royalty Fund III follows the company’s two previous funds: II launched in December 2017 and raised more than $260m, while I launched in July 2014 and raised $202m. That’s $753m to spend on music copyrights in five and a half years, with Round Hill saying it has bought more than 80 catalogues and generated more than $175m in royalties since its launch.
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