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
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