UPDATE: Fleetwood Mac’s Christine McVie has sold the assets of her 115-track catalog to Hipgnosis, the fast-growing music company that has spent more than $ 2 billion in three years to acquire the rights to a large number of popular songs .
Hipgnosis acquired 100% of McVie’s property in the catalog, including the writer’s share and neighboring rights; in a statement to Variety, Universal Music Publishing noted that it owns and administers “the vast majority” of McVie’s catalog.
McVie, who first joined Fleetwood Mac in 1970, is the author of several of the band’s longest running hits, including “Don’t Stop”, “You Make Loving Fun”, “Over My Head” , “Songbird”, “Say You Love Me” and others. Inducted into the Rock and Roll Hall of Fame in 1998, Fleetwood Mac is one of the most successful musical artists of the past 50 years, with the album “Rumors,” a 1977 Grammy winner, sold over 45 million copies worldwide, the second being 1987’s “Tango in the Night” at 15 million.
McVie is the fourth of five band members to close such a deal in the past nine months, and the second to accompany Hipgnosis, after singer-songwriter Mac Lindsey Buckingham closes the sale of 100% of his rights edition to the company in January. Stevie Nicks, the band’s other major singer and songwriter, struck a massive $ 100 million deal with Primary Wave late last year, and drummer-co-founder Mick Fleetwood struck one. with BMG including a variety of rights in January.
According to the announcement, Hipgnosis has acquired McVie’s copyright, ownership and worldwide financial interests, including the writer’s share, in all related compositions and rights. The deal also includes her pre-Fleetwood Mac work with British band Chicken Shack and solo material, including her 1969 debut, “Christine Perfect”. Hipgnosis has acquired catalogs including Neil Young, the Red Hot Chili Peppers, Shakira, Barry Manilow and many successful songwriters and producers.
McVie was represented by Colony Group Commercial Director Paul Glass, Director Martin Wyatt and Lawyer Mario González.
“I am so excited to be a part of the Hipgnosis family and delighted that you consider all of my songs worthy of credit,” McVie said of the accord. “I want to thank you all for your confidence in me, and I will do everything I can to continue this new relationship and help in any way I can!” Thank you so much!”
Hignosis co-founder Merck Mercuriadis said: “Christine McVie is one of the greatest female songwriters of all time, having guided Fleetwood Mac to nearly 150 million albums sold and making one of the most successful groups. all the time sold around the world. Over the past 46 years, the band has had three separate songwriters and singers, but Christine’s importance is amply demonstrated by the fact that eight of the 16 songs on the band’s Greatest Hits albums are by Christine. It is wonderful for us to welcome Christine into the Hipgnosis family and especially wonderful to reunite her again at Hipgnosis with Lindsey Buckingham. Between Christine and Lindsey, we now have 48 of the 68 songs on the band’s most successful albums.