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Artist News Business News Deals Labels & Publishers
Calvin Harris sells songs catalogue to investment firm Vine for a reported $100 million
By Andy Malt | Published on Friday 23 October 2020
Calvin Harris has sold his music publishing catalogue to media and entertainment investment firm Vine Alternative Investments. Details of the deal have not been disclosed, but Variety reckons Harris is now walking around with $100 million in his pocket. I hope he’s got a big pocket.
Not being a music publisher itself, Vine has secured the services of Sony/ATV to administer the 150+ song catalogue. This shouldn’t be too much of a stretch for the company, as it has already been repping Harris on the songs side for nearly fifteen years.
“Vine’s process was extremely smooth”, says Harris’s manager Mark Gillespie. “We valued their quick response time, exceptional knowledge of the space and straight-forward approach. We are very comfortable that they will be great stewards of the catalogue”.
This is the second songs catalogue purchase for Vine this month, it having recently acquired that of country songwriter Sean Douglas. All further proof of the increased interest in music copyright within investment circles. What fools! Still, all good news for the pockets of songwriters.
