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October 18, 2020

English church now owns songs by Beyonce, Rihanna, and Eurythmics

Church of England now co-owns Whitney Houston's 'I'm Your Baby Tonight', Bobby Brown's 'Don't Be Cruel', Beyoncé's 'Single Ladies', and Eurythmics' 'Sweet Dreams', BBC reports. English church is one of hundreds of investors in Hipgnosis, a company that spent over $1bn buying popular songs with the aim of generating income by streaming. Hipgnosis founder Merck Mercuriadis says the music he's bought is "more valuable than gold or oil", and expects it to generate income for decades to come.