Another day, another publishing acquisition. This time it’s two of the founding members of Massive Attack, Robert Del Naja and Grant Marshall, selling their back catalogue to Round Hill Music for an undisclosed amount. Specifically, it’s the five studio albums they released between 1991 and 2010 – since then, the band’s releases have comprised a couple of EPs in 2016 and 2020.
“To be working with their incredible catalogue is fantastic. Massive Attack’s music is timeless and their importance as innovators is immense,” said Round Hill boss Josh Gruss, who was one of the keynote speakers at the NY:LON Connect conference last week. During that keynote, Gruss defended the prices being paid for publishing catalogues. “Given the future growth expectations of these rights… even at an industry norm of, let’s say, 20x multiple on a publishing asset, that is actually less expensive than it was 10 years ago,” he said. “Although 10 years ago you might have paid a lower multiple, you had flat to one-to-two per cent growth, whereas today the growth expectations for publishing are around six, seven, eight per cent… it’s fairly valued at 20x. As soon as you go over that level, then it’s a different story.”
Image by Platonova Alina (CC BY-SA 3.0)
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