Shock news! The latest big-money deal for a publishing catalogue doesn't involve Hipgnosis Songs Fund. Dance star Calvin Harris has sold his catalogue of more than 150 songs to financial firm Vine Alternative Investments, although Sony/ATV will continue administering it.
The price wasn't officially announced, although Variety claimed it was "around $100m" while Billboard offered a wider "between $90m and $110m" estimate.
Vine has been around since the mid-2000s, largely focused on the film and TV sectors, but its first deal in music came in September this year, when it acquired the catalogue of songwriter Sean Douglas.
Bagging Harris for its next deal is a significant statement of intent, not to mention renewed proof of the kind of investors setting their sights on music rights at the moment.
The post Calvin Harris sells publishing catalogue for $90m-plus appeared first on Music Ally.
[from https://ift.tt/2vCxqPg]
No comments:
Post a Comment