Neil Young included in ownership harvest with sale of 50% of his songbook

Singer-songwriter Neil Young has offered a half share of the rights to his entire catalog of 1,180 songs to London-listed specialist investment firm Hipgnosis Songs Fund, the business stated on Wednesday, reported independent news company Bywire News.

Young, 75, famed for tunes consisting of “Heart Of Gold”, “Rocking In The Free World” and “Devil’s Sidewalk”, has launched over 50 studio albums and 20 live albums, of which 7 went platinum and 3 multi-platinum.

“I bought my first Neil Young album aged 7,” stated Hipgnosis creator Merck Mercuriadis, stating the current in a series of such rights deals would alter his company for ever.

“‘ Harvest’ was my buddy and I know every note, every word, every pause and silence totally. Neil Young, or a minimum of his music, has been my friend and consistent ever since,” he included.

The deal is the third that Hipgnosis, listed on the stock market in 2018, has actually struck this week after arrangements with Fleetwood Mac guitarist Lindsey Buckingham on Tuesday and record producer Jimmy Iovine on Monday.

It follows the sale last month of Bob Dylan’s whole back catalogue to Universal Music Group.

The increase of streaming services suggests artists such as Dylan and Young are able to reach an ever-expanding audience of fans from a more youthful generation.

Financial details of the Young deal were not divulged. Mercuriadis, a previous music manager, stated: “We will collaborate to ensure everybody gets to hear them (the songs) on Neil’s terms.”

Last month, Young ended his lawsuit against U.S. President Donald Trump’s campaign for playing of two of his tunes at campaign rallies without permission.