NEW YORK, NY – OCTOBER 09: Stevie Nicks and Lindsey Buckingham of Fleetwood Mac perform on NBC’s “Today” at the NBC’s TODAY Show on October 9, 2014 in New York, New York. (Photo by Noam Galai/Getty Images).
Lindsey Buckingham is the latest artist to sell off catalogs of music. The deal with Hipgnosis would mean that the company has received 100% of Buckingham’s catalog. This does include music released with Fleetwood Mac.Hipgnosis also acquired 50% of Buckingham’s unreleased music. A statement from Hipgnosis said, “Lindsey Buckingham is one of the greatest guitarists, songwriters and producers of all time yet is still so underrated.” Officials with the Hipgnosis Songs Fund on Tuesday confirmed the purchase of Buckingham’s tunes — a total of 161. They include all the songs the singer-guitarist wrote for Fleetwood Mac, like “Go Your Own Way” and “The Chain.”
While the amount of money Buckingham received for the rights hasn’t been revealed, Hipgnosis previously paid him $323 million for a 25 percent stake in his song catalog. As part of the new deal, Hipgnosis will also receive 50 percent of royalties from any new compositions, the company reveals. It’s wonderful to welcome him and his iconic songs both as a solo artist and with Fleetwood Mac to the Hipgnosis family,” it continued.
Why do you think so many musicians are selling their catalogs these days? What’s your favorite Lindsey Buckingham song?