The singer’s heirs made the decision to sell the entire musical catalog to the company Hipgnosis.
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New beautiful shot signed Hipgnosis Song Management. After Neil Young, Lindsey Buckingham et Christine McVie from Fleetwood Mac, Red Hot Chili Peppers, Nile Rodgers, Chrissie Hynde from Pretenders or even Debbie Harry from Blondiethe British intellectual property investment firm has just acquired the musical catalog of Leonard Cohen, managed in part by its longtime manager Robert Kory, who conducted the negotiations.
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According to Radio Canadashe recovered the 278 songs of the poet, including the most popular, Hallelujah, Suzanne, and others So Long Marianne. Hipgnosis further holds all rights (singer and publisher royalties) for the tracks composed from 2001 to his death in 2016.
“Songs That Changed Our Lives”
While the amount of the transaction has yet to be revealed, the Canadian-led company Merck Mercuriadis said to herself “enthusiasticto add the singer’s name to his stable.
“Become the guardians and managers of the incomparable songs of Leonard Cohen constitutes a marvelous responsibility which we welcome with enthusiasm and whose importance we measure“, said the founder ofHipgnosis Song Management through a press release.
He adds : “Leonard wrote lyrics and songs that changed our lives, obvious titles like Hallelujah, but there are so many more and we can’t wait to remind the world of them every day. He is revered around the world because of the greatness of his work“.
Aging seductively
According to The echoes, Hipgnosis is considered one of the most important rights management companies in the music market. Its goal ? Financially support artists during this more than complicated pandemic period and help the elderly to “aging while continuing to seduce“.
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” They need to manage their finances, especially since they don’t know when they will be able to go back on the road to generate cash because of the health crisis, explained in 2020 Merck Mercuriadis in French daily life. I offer them to help them monetize their assets while associating them and respecting their artistic aspirations, which I have done for thirty-five years of career at their side. A rather lucrative business in an increasingly uncertain industry…
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