The recipient of the Colombian’s current repertoire (which consists of 145 songs) is now Hipgnosis Songs Fund, a British song management and investment company in music intellectual property.
Shakira has joined the growing list of top artists who have decided to sell their song catalog, a list that in recent weeks has included the names of Bob Dylan, Neil Young or Lindsay Buckingham, a former member of Fleetwood Mac. (You may be interested: Shakira, back in Barranquilla)
In the case of the Colombian, the recipient of one hundred percent of his current repertoire (which consists of 145 songs) was Hipgnosis Songs Fund, which is a British song management and investment company in the field of musical intellectual property co-founded in 2018 by Nile Rodgers and Merck Mercuriadis, who at the time was leading the careers of characters such as Beyoncé and Elton John.
“I am honored that the composition gave me the privilege to communicate with others, to be part of something bigger than me. I know that Hipgnosis will be a wonderful home for my catalog and I am very happy to be a partner with this company run by Merck, which really appreciates artists and their creations and is an ally for composers (…) who deeply care about music . the continuous life of her songs, “Shakira said in a statement. (Recommended: Shakira releases” Girl Like Me “with Black Eyed Peas)
Although without providing figures on the value of the operation, the company has confirmed through social media the inclusion of Shakira in its catalog, which already includes Dave Stewart (Eurythmics), Debbie Harry (Blondie), Chryssie Hynde (Pretenders), The Chainsmokers or Mark Ronson .
In recent days, the company has also taken over 50% of the rights to Neil Yong’s repertoire, about 1,180 songs for about $ 50 million, an industry source told Variety magazine. (Also: Photos: Shakira and her luxurious mansions in different cities of the world)
The operation took place in parallel, which also allowed the incorporation of copyright and the publication of Lindsay Buckingham, about 160 songs, which includes some of the hits he wrote for Fleetwood Mac, such as Go on your way.
The flow of these movements has increased especially in recent weeks by composers of all styles, as was evident when Bob Dylan announced in December that he was selling his rights to about 600 songs from Universal Music Publishing for close to 250 million euros.
In recent hours, another who has repeated the move has been OneRepublic leader Ryan Tedder, best known for being the author or co-author of some of the biggest hits of recent years, such as Hate and XO for Beyonce, Rumor has it Adele the Sucker Jonas brothers.
https://www.youtube.com/watch?v=CnAmeh0-EU
According to some experts, the largest number of such operations in recent weeks should be related, on the one hand, to stopping shifts for a year due to the covid-19 pandemic (one of its main sources of income) and , on the other hand, with the arrival of Democrat Joe Biden in the White House and the possible increase in taxes that require a capital increase.
On the other hand, the greater interest of the funds to invest in this field would have to do with the predominant role that streaming platforms have started to play, in which not only the news is monetized, but also what is Se. calls repertoire songs, especially the biggest hits, now with a longer or renewed life.
According to an estimate published by The Wall Street Journal, music catalogs are re-evaluated year after year, to the point where a repertoire for which 41,000 euros could be paid could be valued today in millions, in a wide range of 4 up to 40 million.
Hipgnosis Songs himself confirmed these arguments in his welcome greeting to Shakira: “He is an excellent creator who paved the way from what was a great physical success to now having greater streaming success than most of his contemporary colleagues. . . It’s great for us to meet the queen of Latin music and more. “