The first few working days of 2021 have been a powerful statement of intent for Hipgnosis Songs Fund, albeit a pretty blistering one for its corporate wallet. Hot on the heels of its deals with Jimmy Iovine and Lindsey Buckingham, today the company has announced a swoop for Neil Young’s songs catalogue. Well, 50% of his worldwide copyright and income interests in the 1,180-strong catalogue, anyway – including his solo works and those with Buffalo Springfield, Crosby, Stills, Nash & Young and Crazy Horse.
MBW suggested that the deal could be worth $150m: a figure based on estimates from industry observers rather than any leaks from the deal.
Jimmy Iovine on Monday, Lindsey Buckingham on Tuesday, now buying up Neil Young songs by Wednesday. Will Hipgnosis be making more deals on Thursday and Friday and Saturday before (one would hope) chilling on Sunday? We’ll see.
Image by Andrea Barsanti (CC BY 2.0)
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