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Neil Young sells 50 percent stake in his music



Younger has launched some 70 albums as a solo artist and with bands like Buffalo Springfield, Loopy Horse and Crosby, Stills, Nash & Younger.

NEW YORK — Neil Younger has turn into the most recent musician to strike gold along with his tune catalogue, promoting a 50 p.c stake in his music to a British funding firm in a deal introduced on Wednesday.

The Hipgnosis Songs Fund mentioned it had acquired half of the copyright and earnings pursuits in some 1,180 songs written by the 75-year-old rock star, composer of “Coronary heart of Gold,” “Rockin’ within the Free World” and “Cinnamon Woman.”

Phrases weren’t disclosed.

The deal comes a month after Bob Dylan bought publishing rights to greater than 600 songs to the Common Music Publishing Group for a reported fortune of between $300 million and a half billion {dollars}. Stevie Nicks bought an 80 p.c stake in her music to Main Wave for a reported $100 million.

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Merck Mercuriadis, founding father of Hipgnosis Songs Fund Restricted, mentioned that he purchased his first Neil Younger album when he was seven years previous.

“’Harvest’ was my companion and I do know each be aware, each phrase, each pause and silence intimately,” he mentioned. “Neil Younger, or no less than his music, has been my good friend . . . ever since.”

The businessman additionally mentioned Younger’s late supervisor, Elliot Roberts, was equally an idol to him.

In an business the place music gross sales have dwindled and the live performance business is on maintain as a result of coronavirus pandemic, tune publishing is seen as an more and more useful asset. The businesses usually push to be used of an artist’s songs in films, video video games and promoting.

The latter use has been a sticking level for Younger, whose 1988 tune “This Observe’s For You” sharply criticized artists who leased their music for promoting campaigns. The accompanying video parodied adverts that featured Michael Jackson and Eric Clapton.

Within the tune, Younger sang: “Ain’t singin’ for Pepsi, ain’t singin’ for Coke. I do not sing for no one. Makes me appear like a joke.”

Within the years since, it has turn into far more widespread for musicians to earn earnings via promoting campaigns. However no less than via 2016, Younger continued to withstand having his music used this fashion, in response to Rolling Stone journal.

It was unclear whether or not the Hipgnosis deal augers a change in that coverage.

In Wednesday’s announcement, Mercuriadis mentioned that his firm and Younger “have a typical integrity, ethos and fervour born out of a perception in music and these necessary songs. There’ll by no means be a ‘Burger of Gold’ however we’ll work collectively to verify everybody will get to listen to them on Neil’s phrases.”

Younger has launched some 70 albums as a solo artist and with bands like Buffalo Springfield, Loopy Horse and Crosby, Stills, Nash & Younger.



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