Bob Dylan and Neil Young also recently handed over copyright… Increased copyright value and decreased performance revenue
[로이터=연합뉴스 자료사진]
(Mexico City = Yonhap News) Correspondent Ko Mi-hye =’Queen of Latin Pop’ Shakira handed over 100% of her music copyright to a British investment company.
According to Reuters on the 13th (local time), Colombian pop star Shakira sold the copyright of her 145 songs to the UK’s’Hipnosis Songs Fund’.
Hypnosis did not disclose the specific contract amount.
Singer-songwriter Shakira is a representative Latin pop star who has won three Grammy Awards and seven Billboard Music Awards, and has sold a total of 80 million records so far.
Among the songs that have passed the copyright this time, hit songs such as’Whenever, Wherever’,’Hips Don’t Lie’, and’Waka Waka’ were included.
In a statement that day, Shakira said, “I wrote songs to understand the world from the age of 8,” and said, “All songs reflect myself at the time of creation. However, when a song comes into the world, it becomes not only mine but also those who appreciate the song. “He said.
Recently, like Shakira, more and more musicians hand over their music to investment companies or music companies.
[EPA=연합뉴스 자료사진]
Bob Dylan, the’Bard’, who also won the Nobel Prize for Literature, also handed over the rights to Universal Music for over 600 songs he had created over 60 years last month.
Canadian singer-songwriter Neil Young also sold 50% of his music rights to Hypnosis earlier this month.
As such, it can be interpreted that the increase in the value of the copyright rights due to the activation of streaming services and the decrease in performance profits due to the aftermath of the novel coronavirus infection (Corona 19), etc.
Bloomberg News said, “As streaming services such as Spotify are becoming more and more popular, investment companies such as Hypnosis and KKR are buying music, believing that best-selling songs will create a stable return on investment.” “Artists whose performances were cut off due to Corona 19 I also want to sell music,” he explained.
Reuters also said, “With the pandemic, performance profits are almost reduced, and more and more musicians are trying to monetize their songs. The activation of online music streaming is attracting more investors as old songs are re-populating the charts.” .
The Wall Street Journal (WSJ) in the US reported that in the past month, Bob Dylan’s copyright sales article revealed that in the past, 8 to 13 times the royalties earned per year for each song were the proper value of the copyright price. He also said that he jumped 18 times.
Unauthorized reproduction-redistribution prohibited>
2021/01/14 03:12 sent