Lindsey Buckingham and Blondie, as well as Jimmy Iovine’s worldwide producer royalties and half of Neil Young’s songs in a deal thought to be worth an estimated $150 million (£110 million).Speaking to MusicWeek, Mercuriadis explained how he set about purchasing the back catalogues after securing a staggering $1bn in investments.“So, with over £1bn invested, we only own 57,000 songs.
But 10,000 of them are Top 10 songs, almost 3,000 of them are No.1 songs. So it’s a very small catalogue, relative to Universal, Warner or Sony.
But the ratio of success within that catalogue is very high, there are very few songs that are not successes,” he explained.Opening up on his criteria for buying catalogues, he explained: “For me, the criteria is not.
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