Fleetwood Mac's Christine McVie Sells Catalogue Rights to Hipgnosis
The band's top five revenue-generating songs were included in the deal
Published Aug 09, 2021Fleetwood Mac's MVP hitmaker Christine McVie has become the latest artist to sell their catalogue of songs to Hipgnosis for an undisclosed sum.
According to financial figures published by Hipgnosis [via The Guardian], McVie's share of the royalties made by her song catalogue totalled $1.7 million USD last year.
McVie's top five revenue-generating songs – "Don't Stop," "Everywhere," "You Make Loving Fun," "Songbird" and "Little Lies" – made up 81 percent of total revenues for the band.
McVie is the fourth member of Fleetwood Mac to sell the copyright to their portfolio in the last year and the second to choose Hipgnosis, with Lindsey Buckingham's 161-song catalogue going to the company in January. Hipgnosis' Merck Mercuriadis claims the company now owns 48 of 68 songs on Fleetwood Mac's most popular albums.
The acquisition of McVie's sterling catalogue means the addition of 115 new songs to the Hipgnosis roster, which they can now collect royalties on.
The London-based company has spent more than $2 billion USD in the last three years acquiring the rights to a huge number of popular songs, from artists including Beyoncé and Neil Young.
Meanwhile, Stevie Nicks struck a $100 million USD deal for the rights to her songs with Primary Wave late last year, and drummer and co-founder Mick Fleetwood made one with BMG in January.