ights for the 1992 rock song Killing In The Name Of were sold to the Round Hill Music fund as investors continue to spend large sums to buy back catalogs.
Round Hill Music, one of two London-listed music rights funds, announced two packages on Friday: the acquisition of a catalog from producers Jack and Garth Richardson; and an agreement to purchase the back-catalog of reggae band Rebelution.
The Richardson Catalog deal includes the production revenue rights to songs by top rock artists such as Alice Cooper, Nickelback and Rage Against The Machine, including the hit band Killing In The Name Of. The catalog includes 308 recordings at total.
Exact financial details of the deal were not disclosed, with Round Hill citing “trade sensitivities”.
Trevor Bowen, chairman of the Round Hill Music Royalty Fund, said the deal was “another landmark acquisition that gives the company exposure to a range of timeless classic tracks.”
He said: “Jack and Garth Richardson are exceptionally well-regarded producers and their impressive catalog further diversifies RHM’s portfolio in terms of genre and royalty type with the addition of key tracks from some of the metal’s most well-known bands. alternative.”
In a separate statement, Round Hill announced an agreement to purchase the master and back catalog publishing rights to Rebelution, an American reggae group formed in the early 2000s. Six of the seven albums included in the deal became number one in the US reggae charts and the group was nominated for a Grammy.
Bowen said: “This investment marks an important milestone for the company with the acquisition of our first dedicated reggae catalog and we are very pleased to further diversify the company’s portfolio in this important genre. “
As with the Richardson deal, exact financial data was not disclosed.
The deals are part of a wave of deals in the music rights industry as investors seek to capitalize on the growth of streaming and seek returns in a low interest rate environment.
Round Hill and his rival Hipgnosis have spent millions to buy back catalogs of artists as diverse as Avicii, Supertramp, the O’Jays, Whitney Huston and Motley Crew. The funds make money when the songs are broadcast, sold or used in advertising.