The Church of England and Queen Elizabeth II, by investing in the Hipgnosis Songs Fund, became co-owners of the hit Beyonce’s “Single Ladies”, Rihanna’s song “Umbrella” and Justin’s song “SexyBack”.
Hopgnosis spent over $ 1 billion to buy the rights to the music, so they became the owners of a song catalog that included Boyz II Men, Bobbi Brown, Whitney Houston, Blondie, Barry Manilow, and Mark Ronson. They claim that investing in music rights is more valuable than gold or oil, because income does not depend on fluctuations in the economy, writes the NY Post.
- These proven great songs are a reliable and proven source of income. If you take jpesme ‘Sweet Dreams’ from Eurythmics or ‘Livin’ On A Prayer ’by Bon Jovi, we are talking about 30 or 40 years of income here. When they are in the mood, people listen to music, but also when it is difficult for them, as well as when they face great challenges. People are looking for comfort and escape in great songs, ”says Merck Merkuriadis, owner of Hipgnosis.
Hipgnosis Songs Fund investors, including the Church of England, profit every time someone listens to these dear songs.
