Singer-songwriter Neil Young ("Down by the River," "Heart of Gold") is the latest music star to strike a catalog deal, selling a 50 percent stake in his song catalog to investment firm Hipgnosis for an undisclosed price.
It marked the third catalog deal in as many days for the London-listed firm, which was founded by Merck Mercuriadis and went public in 2018 to "offer investors a pure-play exposure to songs and associated musical intellectual property rights." Earlier in the week, Hipgnosis struck a deal with formerFleetwood Mac lead guitarist and vocalist Lindsay Buckingham, giving it 100 percent of the music publishing rights of his entire catalog and a 50 percent share of any unreleased compositions, and also acquired 100 percent of.
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