Another day, another big deal for UK-based Hipgnosis Songs Fund, which continues to enthusiastically splash its cash on music catalogues. The latest belongs (or rather, belonged) to Barry Manilow.
“Hipgnosis has acquired 100% of Barry Manilow’s worldwide recording royalties (excluding Sound Exchange royalties) in his Catalogue comprising 917 songs,” announced the company this morning.
We don’t need to list Manilow’s hits for you to know that it’s a significant catalogue for Hipgnosis to have snapped up, although we’ll settle for putting ‘Copacabana (At the Copa)’ in your head as a Monday earworm.
Manilow has sold more than 85m records over his career, but is his recordings catalogue still bringing in the dollars in the streaming world? Well, he has 2.7 million Spotify listeners at the time of writing while on YouTube his catalogue has generated 55.5m plays in the last 12 months according to that platform’s insights tool.
There’s room to build that, with labels’ support. The value of the acquisition has not been made public at this stage.