Sum 41’s Deryck Whibley sells publishing and recorded music catalogue to HarbourView
Sum 41 frontman Deryck Whibley has bought his publishing and recorded music catalogue in a brand new take care of fairness fund, HarbourView Fairness Companions.
Whibley has served because the Canadian pop-punk outfit’s lead singer and first songwriter since their inception in 1996. Their 2001 breakout album ‘All Killer No Filler’ boasted the hit single ‘Fats Lip’, which landed at Quantity 66 on the Billboard Scorching 100. Up to now, Sum 41 have launched seven studio albums, the newest being 2019’s ‘Order In Decline’.
Phrases of the deal between HarbourView and Whibley haven’t been disclosed, nonetheless the transaction noticed the fairness fund represented by Fox Rothschild, with Whibley’s authorized counsel coming from Jordan Keller and Sarah Smith of Keller Turner Andrews & Ghanem, PLLC.
Over the course of their 26-year tenure, Sum 41 – who’ve simply wrapped up a US tour with Easy Plan and head out collectively once more to the UK and Europe this September – have seen their catalogue garner greater than 15 million album consumption items, 5.05 million of which occurred within the U.S alone (per Billboard).
HarbourView – based in 2021 by CEO Cherrese Clarke Soares – have additionally acquired the catalogues of Hollywood Undead, Brad Paisley, Woman A and Luis Fonsi amongst others.
Whibley is the newest in an extended line of artists who’ve bought their publishing and recorded music catalogues in recent times.
Amongst veteran musicians, Tina Turner bought her again catalogue for $300million (£225m), Sony Music acquired Bob Dylan‘s whole physique of labor, whereas ‘Candy Caroline’ singer Neil Diamond entered right into a take care of Common Music Publishing. Moreover, Paul Simon bought for an undisclosed sum whereas Mötley Crüe bought their catalogue to BMG for a reported $150million (£112m).
Bruce Springsteen, ZZ High and Sting additionally reported promoting their publishing rights for $500million (£377m), an undisclosed charge and over $250 million (£184m) respectively.
Pink Floyd entered into talks with with a number of potential consumers earlier this 12 months.
The estates of the late David Bowie and Leonard Cohen noticed their catalogues bought for $250million (£186m) and an undisclosed sum respectively.
Equally, Easy Minds bought “key music pursuits”, Primal Scream members bought 50 per cent of their tune rights, Justin Timberlake bought his tune catalogue, whereas John Legend made a deal again in January.
Earlier this 12 months, Dolly Parton mentioned “by no means say by no means” to promoting her again catalogue. Madonna, nonetheless, who has launched 14 studio albums, mentioned earlier this month she would by no means take into account such a deal. “Possession is all the pieces, isn’t it?” the celebrity mentioned on the time.