Calvin Harris sells publications catalog to Vine Investments for practically $ 100 million
Calvin Harris’ discography dates back more than a decade after releasing his debut album I Created Disco in 2007. Since then he has worked with Rihanna, Dua Lipa, Sam Smith, Frank Ozean, Travis Scott, Ariana Grande, Big Sean, Khalid and Pharrell Williams, among others, over 150 songs.
Vine Alternative Investments announced last Thursday that it had acquired Harris’ complete song catalog. Although certain terms of the deal were not disclosed, a source told Variety that the price was close to $ 100 million.
“We’re approaching the music room the same way we have always approached the movie and TV room, with an eye for and appreciation for the world’s most iconic content,” said Rob Amir, Vine’s partner in charge of investing in the music sector is. “The addition of Calvin Harris hits across genres to our catalogs is a continuation of our quest to build a multi-genre media ecosystem that not only respects but also honors the artists we work with.”
Variety says that while the music industry in general has hurt during COVID, the music publishing side of the business has actually seen value growth.
“They clearly want as much history as possible,” said Alun Simpson of Eleven Advisory, an offshoot of Lewis Silkin law firm, in an interview with Synchtank last year. “If it’s only two or three years it’s not great, but you can work with it. But if it’s eight or ten years, you have a decently long history. If there is more than that, then even better. From this perspective, the following applies: the longer, the better. “
In terms of the pandemic, although music is still released regularly, the value of older music seems to grow even further with no live shows.