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Barry Manilow's entire music catalog purchased by Hipgnosis Songs Fund
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Barry Manilow’s entire music catalog has been purchased by Hipgnosis Songs Fund in the latest move by the new company to invest in popular artists’ music.
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Manilow is a Grammy-, Tony- and Emmy-winning artist who earned 50 Top 40 singles throughout his immensely successful career. He was one of the most popular recording artists of the 1970s and 1980s and his hits continue to endure to this day. As a result, he’s just the kind of artist that Hipgnosis Songs Fund is courting as part of its business model.
“Merck has created a new type of music company and I’m looking forward to being part of the family at The Family Music and Hipgnosis Songs,” Manilow told Variety in announcing the news.
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According to the outlet, the company, helmed by veteran manager and recording executive Merck Mercuriadis, already controls roughly 12,000 songs, including Rihanna’s “Umbrella,” Al Green’s “Let’s Stay Together” and the Eurythmics’ “Sweet Dreams. Per its deals, it is able to collect royalties on all.