July 01, 2019

Can hit songs be worth more than gold?

No need to get into that Swift-Braun feud, there's a broader picture about music ownership that BBC paints. They write about Hipgnosis Songs Fund, that has steadily been buying hit songs and inviting big institutional investors to share in the proceeds. The man who founded it, Merck Mercuriadis, who managed artists including Beyoncé, Elton John, Iron Maiden and Guns N' Roses, says hit songs are "as investable as gold or oil". "We treat each song as if it was a business in its own right" he told BBC. By now, they've bought Rihanna's 'Umbrella', Dave Stewart's (Eurythmics) back catalogue...