Hipgnosis Songs Fund Ltd. bought 50% of the rights to folk and rock songwriter Neil Young’s discography, marking the latest in a bonanza of music rights acquisitions after artists, cut off from touring income by the coronavirus pandemic, look to raise cash.
Hipgnosis announced Wednesday the purchase of half the copyright and income interests for the Canadian singer’s 1,180 songs, including hits like “Heart of Gold,” following deals for the music of producer Jimmy Iovine and Fleetwood Mac guitarist Lindsey Buckingham earlier in the week. Last month, fellow ‘60s icon Bob Dylan sold his music rights to Universal Music Group Inc.
