Blondie’s Debbie Harry and Chris Stein sell rights to future royalties
nme.comBlondie‘s Debbie Harry and Chris Stein have sold their future royalties to a fast-growing investment fund.Purchased by the Hipgnosis Songs Fund, this means the company will now earn income from 197 Blondie songs, including ‘Heart Of Glass’ and ‘Rapture’.Harry and Stein received an undisclosed lump sum for their catalogue and said they were “happy to be working with a progressive company,” according to the BBC.The fund was founded by music industry veteran Merck Mercuriadis, who before becoming an investor managed artists including Beyoncé, Elton John, Iron Maiden and Guns N’ Roses.The Hipgnosis Songs Fund, which has been listed on the London Stock Exchange since July 2018, allows investors to see an income from music royalties.“[Songs are].
Read more on nme.com