Share Prices & Company Research

Market News

18 Mar 2021 | 07:29

Hipgnosis buys Carole Bayer Sager catalogue

(Sharecast News) - Award-winning songwriter Carole Bayer Sager has become the latest musical artist to sell their song catalogue after a deal with Hipgnosis Songs Fund for an undisclosed sum.

Bayer Sager's catalogue of 983 songs spans 55 years, starting with 'A Groovy Kind Of Love', written when she was still at high school. She has won Grammy, Oscar and Golden Globe awards and charted 49 Number 1 hits and 109 Top 10s.

Best known for her work as a songwriter and producer, Bayer Sager has collaborated with Carly Simon, Barbra Streisand, Michael Jackson, Frank Sinatra, Bob Dylan, Whitney Houston, Ray Charles, Dolly Parton, Aretha Franklin, Neil Diamond, Bette Midler, Celine Dion, Phil Collins, Rod Stewart and Reba McEntire, said Hipgnosis founder Merck Mercuriadis on Thursday.

The catalogue earned revenues of $0.65m in 2020, $0.548m in 2019 and $0.52m in 2018.

"In speaking with Merck, I was surprised to find how intimately acquainted he was with my catalogue of songs. Hearing his plans to keep these songs alive and bring them to a new generation of listeners, excited me and convinced me now was the right time to allow a new custodian to take charge of their future," Bayer Sager said.

"With Merck and his Hipgnosis family I feel my songs are going to be nurtured and cared for."
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.