Hipgnosis Songs Fund has acquired the rights to the music catalogue of Lindsey Buckingham.
The funding firm, which was based by Merck Mercuriadis, made the announcement immediately (January 5) – a day after confirming it had bought Jimmy Iovine’s worldwide producer royalties.
Hipgnosis, who beforehand held a 25% share of the previous Fleetwood Mac musician’s catalogue, have now acquired 100% of Buckingham’s music publishing rights (together with his publishing and author’s share) for his whole catalogue comprising 161 songs, together with various basic Fleetwood Mac songs that had been written or co-written by Buckingham.
The corporate have additionally acquired a 50% share of any unreleased compositions by Buckingham.
Lindsey Buckingham (Image: Getty)
Talking concerning the sale, Buckingham mentioned that he had “fantastic lengthy conversations” with Hipgnosis’ Mercuriadis previous to arriving at an settlement with the corporate.
“I used to be happy to discover a kindred spirit, somebody who’s a giant fan of my work in Fleetwood Mac, and a good larger fan of my solo efforts,” he continued.
“I sit up for working with Merck and the entire Hipgnosis workforce going into the long run, and am assured that my physique of labor might be curated with nice coronary heart and perception”.
Mercuriadis hailed Buckingham as “one of many best guitarists, songwriters and producers of all time, but remains to be so underrated”.
“His work with Fleetwood Mac has introduced the world unparalleled pleasure over the past 45 years and he belongs in any dialogue that includes Brian Wilson and Paul McCartney. It’s fantastic to welcome him and his iconic songs each as a solo artist and with Fleetwood Mac to the Hipgnosis household”.