BMG buys Mick Fleetwood’s Royalties for an array of Fleetwood Mac hits – Including TikTok sensation Dreams

Music Business Worldwide

Once upon a time – from around 2008 to around 2015 – BMG was arguably the most acquisitive company in the music rights space.

That’s all changed in recent years, with BMG largely retreating from an M&A marketplace that has seen heavily-funded entrants such Hipgnosis Songs Fund, Round Hill, and Primary Wave keep on raising big money… and keep on spending it.

Indeed, MBW understands that it’s been nearly three years since BMG made a large-scale full acquisition in music rights. Instead, the company has switched its focus to organic growth, with positive results: after years of consecutive double-digit increases, BMG half-year revenues rose again to $308m in the first six months of the pandemic-hit 2020.

Today, though, BMG has announced its return to the acquisition table – and shown the music industry that it still has the resources to make serious music buyouts now and again.

Bertelsmann-owned BMG has confirmed that it has outright acquired Mick Fleetwood’s royalty interest in over 300 recordings, including all of Fleetwood Mac’s biggest hits.

An important distinction: this doesn’t mean BMG has acquired the underlying master rights to classic catalog albums like Rumours and Tango In The Night, which are owned by Warner Music Group.

However, it does mean that, from now on, whenever certain records by Fleetwood Mac make money, then BMG makes money. (The BMG acquisition includes Mick Fleetwood’s interest in all of Fleetwood Mac’s recorded works, apart from their first two albums.)

As a result, BMG will participate in the aftermath of the global viral success of Dreamson TikTok, which generated over 3.2 billion views/streams globally during an eight-week period in the second half of 2020.

Other Fleetwood Mac hits covered by the deal include recordings such as The Chain, Go Your Own Way, and Landslide from albums including Fleetwood Mac (1975), Rumours (1977) and Tango In The Night (1987).

Today’s news continues something of a sell-off trend within Fleetwood Mac’s ranks: In December, Stevie Nicks sold an 80% stake in her publishing rights to Primary Wave for around $80m, while earlier this month, Lindsey Buckingham sold 100% of his song rights to Hipgnosis Songs Fund for an undisclosed fee. Continue reading BMG buys Mick Fleetwood’s Royalties for an array of Fleetwood Mac hits – Including TikTok sensation Dreams

Hignosis fully acquires Lindsey Buckingham Song Catalog, including 100% writer and publisher share of Fleetwood Mac Hits

Hipgnosis Songs Fund isn’t playing as 2021 gets underway.

Just one day after it announced the acquisition of Jimmy Iovine’s production royalties, the Merck Mercuriadis-led entity has confirmed yet another major rights buyout.

This time, Hipgnosis has acquired 100% of Lindsey Buckingham’s publishing rights, including both his publishing and writer’s share, across 161 songs.

Those songs include an array of hits that Buckingham wrote and/or co-wrote for Fleetwood Mac, including Go Your Own Way and The Chain.

Hipgnosis previously acquired a 25% stake in Buckingham’s song catalog via its buyout of a publishing portfolio from Kobalt for $323m in September (announced in November).

As part of its new agreement with Buckingham, announced today (January 5), Hipgnosis also acquires a 50% share of any unreleased compositions.

Today’s news means that the majority of publishing rights for songs penned by two of Fleetwood Mac’s biggest songwriters – Lindsey Buckingham and Stevie Nicks – are now owned by modern, highly acquisitive, rights management firms. (Nicks sold 80% of her publishing rights last year to Hipgnosis rival Primary Wave for around $80m.)

Merck Mercuriadis, founder of Hipgnosis Songs Fund Limited, said: “Lindsey Buckingham is one of the greatest guitarists, songwriters and producers of all time yet is still so underrated. His work with Fleetwood Mac has brought the world unparalleled joy over the last 45 years and he belongs in any discussion featuring Brian Wilson and Paul McCartney. It’s wonderful to welcome him and his iconic songs both as a solo artist and with Fleetwood Mac to the Hipgnosis family”. Continue reading Hignosis fully acquires Lindsey Buckingham Song Catalog, including 100% writer and publisher share of Fleetwood Mac Hits