Record producer Bob Rock has offered his share of rights from a brochure of 43 songs, including heavy metal band Metallica’s self-titled album and singer Michael Bublé’s “Call Me Irresponsible” to Hipgnosis Songs Fund. The most recent music expert to offer profitable record catalogues as the surge of online streaming attracts investors, reported daily news and independent news organisation, Bywire News.
The COVID-19 pandemic has likely triggered a growing list of music market specialists wishing to monetise their older work. They may do this by offering valuable tracks and albums as the global health crisis has all but closed down earnings from live performances.
London-listed investment firm Hipgnosis revealed a reduced positioning offering of its regular shares on Thursday in addition to the offer, which is at least the fifth for the company this month after contracts with Shakira and Neil Young.
“The breadth of Bob Rock’s enormous successes are almost impossible to match by any creator in the history of music,” said Hipgnosis Songs Creator Merck Mercuriadis, who has previously been a manager to artists Elton John and Beyoncé.
Rock co-produced Metallica’s self-titled 1991 record, most typically described as “The Black Album”, that includes hits such as “Nothing Else Matters” and “The Unforgiven”. Tracks from the album have been streamed more than seven billion times, Hipgnosis stated.
Rock has also extensively worked with Bublé, and the duo’s “Call Me Irresponsible”, released in 2007, won a Grammy for “Best Traditional Pop Vocal Album”.
The value of the music offers was undisclosed.