Kimmo 76,597 Posted January 13, 2021 Share Posted January 13, 2021 Hips don’t lie. Shakira has sold the publishing rights to her catalog to Hipgnosis Songs Fund, the company announced early Wednesday morning — the latest in CEO Merck Mercuriadis’s prolific shopping spree for major stars’ music rights. Hipgnosis bought the entirety of Shakira’s publishing rights for her 145-song catalog, which includes hits such as “Hips Don’t Lie,” “Whenever, Wherever,” “She Wolf,” and “Waka Waka.” The company didn’t disclose financial details of the sale. “I know Hipgnosis will be a great home for my catalog,” the singer said in a statement. “I’m so happy to partner with this company led by Merck, who truly values artists and their creations and is an ally to songwriters everywhere who care deeply about the continued life of their songs.” Songwriters and artists who sell their music catalogs take an immediate payout rather than rolling the dice on their catalogs’ future earnings, while buyers like Mercuriadis hope to profit by building new revenue streams through old songs, via film and TV licensing, merchandise, and other plays. Several insiders who’ve worked on high-profile catalog sales say they expect catalog deals to slow down as capital gains taxes potentially increase under Biden’s presidency, but rumors continue to swirl about other major catalog deals for Hipgnosis and other companies who’ve been active in the space. Source Hottie Detector Link to post Share on other sites More sharing options...
bionic 37,666 Posted January 13, 2021 Share Posted January 13, 2021 No doubt this is to dodge paying her fair share of taxes buy bionic Link to post Share on other sites More sharing options...
Andreu 37,216 Posted January 13, 2021 Share Posted January 13, 2021 7 minutes ago, bionic said: No doubt this is to dodge paying her fair share of taxes how exactly? Link to post Share on other sites More sharing options...
bionic 37,666 Posted January 13, 2021 Share Posted January 13, 2021 23 minutes ago, Andreu said: how exactly? Pay less on a lump sum than she would paying continually throughout the future. The article also mentions capital gains taxes buy bionic Link to post Share on other sites More sharing options...
auburn 1,072 Posted January 13, 2021 Share Posted January 13, 2021 More and more artists who have been around for a long time are selling their catalogs. It's intriguing and also scary for the future of the music industry, especially with it becoming less and less profitable with the current climate. Found this tweet that kind of explains why Shakira and others are doing this. Link to post Share on other sites More sharing options...
Teletubby 116,916 Posted January 13, 2021 Share Posted January 13, 2021 why so many artists are selling their catalogs lately ? I had a hole in the pocket of my favourite coat And my love for @Juanlittlem dropped into the lining Link to post Share on other sites More sharing options...
LeJudas 6,490 Posted January 13, 2021 Share Posted January 13, 2021 Ok does this mean music will die and everyone will try to sell cosmetics or movies now Link to post Share on other sites More sharing options...
Ariana Grindr 3,173 Posted January 13, 2021 Share Posted January 13, 2021 5 hours ago, LeJudas said: Ok does this mean music will die and everyone will try to sell cosmetics or movies now Link to post Share on other sites More sharing options...
IllusionLover 6,193 Posted January 13, 2021 Share Posted January 13, 2021 We have two types of artists in this industry The ones who fight for their right to own their art, and the one's who sell it because they want money... 13 | this is my dancefloor i fought for, your voice is louder, it echoes Link to post Share on other sites More sharing options...
RAMROD 96,175 Posted January 13, 2021 Share Posted January 13, 2021 I am not looking forward for some basic singer to rerecord Poem To A Horse, and more (ノ◕ヮ◕)ノ✧*:・゚ be delulu until it becomes trululu (*´艸`*) ♡♡♡ Link to post Share on other sites More sharing options...
dimitristhe 1,449 Posted January 13, 2021 Share Posted January 13, 2021 Taylor and Mariah can’t relate. When we're not together tell me everything's gonna be alright Link to post Share on other sites More sharing options...
BUtterfield 8 38,294 Posted January 13, 2021 Share Posted January 13, 2021 8 hours ago, auburn said: More and more artists who have been around for a long time are selling their catalogs. It's intriguing and also scary for the future of the music industry, especially with it becoming less and less profitable with the current climate. Found this tweet that kind of explains why Shakira and others are doing this. So like does this mean more artists will go independent? Also will this affect concert tours in the future Link to post Share on other sites More sharing options...
Reject False Icons 4,424 Posted January 13, 2021 Share Posted January 13, 2021 But Shakira She’s like a Madonna on Latin America, she has countless hits and people know almost all of her songs Link to post Share on other sites More sharing options...
weed 66,855 Posted January 13, 2021 Share Posted January 13, 2021 I mean music will never die lol so streaming is rising, ok? Ariana has 23+ billion Spotify streams... that alone, on Spotify no sales no other streams etc, is over $90M idg the panic tbh, music is universal and new technology, artists, trends always comes out Link to post Share on other sites More sharing options...
berlinforme 4,984 Posted January 13, 2021 Share Posted January 13, 2021 8 hours ago, bionic said: No doubt this is to dodge paying her fair share of taxes Honestly I think it's rather to get a huge sum instead of the peanuts even big artists get through streaming. Probably both. Link to post Share on other sites More sharing options...
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