The estate of Christine McVie and singer Pat Benatar have sold their respective catalogs to Harbourview Equity Partners.
The estates of Christine McVie and Pat Benatar have both reached agreements to sell the rights to their music to acquisition company HarbourView Equity Partners, the latter told WECB.
The estate of Christine McVie has sold its stake in Fleetwood Mac’s recorded music, which includes shares in hits like songs sung by Christine McVie. Songbird ” And ” Say You Love Me “, as well as other flagship titles of the group like ” Go Your Own Way “, ” The Chain ” And ” Dreams “. Benatar (along with her longtime musical partner and husband Neil Giraldo) sold an unspecified portion of their recorded music and publishing rights. (In an interview, Harborview CEO Sherrese Clarke Soares declined to provide financial details about the two purchases).
Christine McVie isn’t the only member of Fleetwood Mac to have sold her rights since the acquisition boom began in the late 2010s. As WECB As previously reported, Mick Fleetwood also sold his stake in the band’s recordings to BMG in 2021, while Lindsey Buckingham sold her publishing catalog to Hipgnosis that same year. Stevie Nicks sold the majority of her publishing catalog to Primary Wave in 2020. The deal with McVie comes nearly a year after the singer’s death in November 2022, at the age of 79.
“ Christine wrote these beautiful melodic pop songs, and she was the one who held them together as the guiding star of Fleetwood Macsays Clarke Soares. To be able to participate in the legacy of Fleetwood Mac, but also align with a female rock icon as a woman-owned and operated company, that doesn’t happen every day, it’s special. Christine is no longer with us, but it is clear that she was a major and important force in the world of rock and roll. »
Through the deal with Benatar, Harbourview buys a share of one of the best-selling catalogs of the late 1970s and 1980s, with hits such as ” Hit Me With Your Best Shot “, ” We Belong “, ” Love is a Battlefield ” And ” Heartbreaker “. Benatar and Giraldo were inducted into the Rock & Roll Hall of Fame together in 2022.
Since its launch two years ago, Harbourview Equity has been one of the most active companies in the music acquisition space. But while older rock groups have attracted the most attention, with superstars like Bob Dylan, Bruce Springsteen and Tina Turner trading their works for large checks, most of Harbourview’s biggest deals have been in Latin music, the hip-hop and country, three genres that have gone unnoticed in recent years, but have started to gain momentum.
Hip-hop hasn’t attracted as many buyers in part because investors often focus on mature catalogs that have less risk of depreciation as they age. But as Ms. Soares explains, much of older hip-hop has matured enough to be stable, its population has more income than when the music was released, and it still has room to grow. growing in the era of streaming, which makes music a promising asset.