Hipgnosis Song Management has acquired 80% of country superstars Kenny ChesneyMusic royalties are recorded.
This deal is Hipgnosis’s first acquisition since 1 billion dollar partnership with Blackstone, announced in October, for the music rights and catalog management and also Hipgnosis’s first deal with a country superstar.
The contract includes royalties on Chesney’s recorded music for a period of 23 years, from 1994 In my wildest dreams, his first debut on Capricorn Records, coming in 2017 Living in a country without shoes. Chesney recorded for Sony Music Nashville marks from 1995 to 2017. The deal also includes future biggest hits, live and acoustic albums.
Chesney switched to Warner Music Nashville in 2018, and the deal doesn’t include any of his recorded music royalties for Songs to the Saints in 2018 and the 2020 release of Here and Now on the pitch. his new home. However, the agreement includes Sound Exchange and royalties of adjacent rights to all albums in Chesney’s catalog, including Warner Music Nashville releases.
Chesney’s catalog spans 22 albums, of which 17 are number one albums in the world Billboards‘S Country Album graph.
However, Hipgnosis did not disclose any financial details of the deal; Country music royalty deals – both main record and publishing – tend to lag behind deals for pop and rock music. “The nation depends on the radio, and when the station stops playing a country song, its royalties drop rapidly,” co-founder/managing partner of Shot Town Capital David Dunn told Billboards in December 2020. “Also, country is out of sync with rock and pop. It just doesn’t have the wide reach of rock and pop around the world. “
https://www.billboard.com/pro/kenny-chesney-recording-royalties-hipgnosis/ Kenny Chesney sells record royalties to Hipgnosis – Billboard