Two more musicians are selling their rights – or at least part of them – to investment companies.
Shakira is the latest to throw in her lot with Hipgnosis Songs Fund, which has acquired 100% of her music publishing rights for her entire catalogue of 145 songs. “One of the most serious and successful songwriters of the last 25 years, having written or co-written virtually every song she has ever recorded,” as founder Merck Mercuriadis noted.
KT Tunstall, meanwhile, has struck a deal with Primary Wave Music Publishing. The company is acquiring a stake in her publishing catalogue, but also a 50% share of her royalties from master recordings. “KT is a rare songwriting talent who writes songs that move you with a story. We are honoured to have her in the family,” said Primary Wave CEO Larry Mestel.
Image by Image by oouinouin (CC BY 2.0)