NEW YORK (AP) — Veteran rock star Neil Young has become the latest artist to strike gold with his song catalogue.
The Hipgnosis Songs Fund, a British investment company, announced that it had acquired a 50 percent stake in Young’s catalogue of some 1,180 songs that include ‘Heart of Gold,’ ‘Rockin’ in the Free World’ and ‘Cinnamon Girl.’ Terms were not disclosed. The deal comes a month after Bob Dylan sold his song publishing for a fortune estimated at between $300 million and a half billion dollars.
Song publishing is being looked at as a valuable investment at a time music sales have collapsed and the concert industry is on hold due to the pandemic.
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LOS ANGELES (AP) — Broadcast legend Larry King, who has been suffering from COVID-19, has been moved out of the intensive care unit at a Los Angeles hospital and is no longer receiving supplemental oxygen. A spokesman for King's production company reported the improved picture on Monday. King had been in the ICU since New Year's Eve. Spokesman David Theall says King conversed with his three sons by video call. […]
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