David Coverdale Catalog Acquired By Round Hill Music

David Coverdale Catalog Acquired By Round Hill Music

David Coverdale Catalog Acquired By Round Hill Music

DAVID COVERDALE Catalog Acquired By ROUND HILL MUSIC

Round Hill Music has acquired the music publishing, grasp rights and grasp rights royalties for, and entered right into a long-term administration settlement for the neighboring rights revenue from the catalog of legendary WHITESNAKE frontman and DEEP PURPLE lead singer from 1973 to 1976, David Coverdale.

Key acquisition highlights:

* The catalog contains recordings from Coverdale’s profession as a solo artist and because the frontman of WHITESNAKE.

* The catalog contains grasp royalty participation from recordings throughout Coverdale‘s tenure because the lead singer of DEEP PURPLE.

* The catalogue contains Coverdale‘s music publishing belongings and long-term administration rights for Coverdale‘s neighboring rights revenue.

* The catalog supplies engaging publicity to WHITESNAKE‘s 1987 self-titled multi-platinum album which offered over eight million copies within the U.S. alone.

* WHITESNAKE hits within the settlement embrace “Here I Go Again”, “Is This Love”, “Crying In The Rain”, “Still Of The Night” and “Fool For Your Loving”.

* DEEP PURPLE grasp royalty tracks included within the catalog embrace “Burn” and “Stormbringer”.

* Also included within the catalog is “The Last Note Of Freedom”, from the “Days Of Thunder” movie soundtrack, co-written with Hans Zimmer and Billy Idol.

Coverdale is an iconic rock frontman greatest recognized for his position in WHITESNAKE, of which he was a founding member. Coverdale was additionally famously and firstly the lead singer of DEEP PURPLE from 1973 to 1976, that includes of their albums “Burn” and “Stormbringer”, each of which have been licensed gold within the U.Ok. earlier than the band’s breakup in 1976. Following this, Coverdale launched two solo albums “White Snake” (1977) and “Northwinds” (1978). After founding WHITESNAKE in 1978, Coverdale was current for all of their main successes, together with the 1987 multi-platinum self-titled album and the 1989 album “Slip Of The Tongue”. In 1990 Coverdale co-wrote with Hans Zimmer and Billy Idol the tune “The Last Note of Freedom” for the Tony Scott movie “Days of Thunder”.

The catalog has diversified income exposures together with, on the grasp facet, streaming, comprising 23% of income combine, with the stability being comprised of 17% bodily, 4% obtain and 6% sync. Revenue from the music publishing belongings contains 39% of income whereas neighboring rights royalties comprise 11%. In phrases of geographical publicity, 47% of the income is from the U.S., whereas the stability is from different nations.

The prime songs ranked by income are: “Here I Go Again”, “Crying In The Rain”, “Fool For Your Loving”, “Is This Love”, “Still Of The Night”, “Slow An’ Easy”, “Burn” and “Stormbringer”.

All figures above are based mostly on the catalog’s royalty statements within the calendar years 2018-2020.

Trevor Bowen, chair of Round Hill Music Royalty Fund, commented: “The Board is happy to supply RHM shareholders with entry to David Coverdale‘s personal legendary catalog of hits because the frontman from one in every of greatest recognized rock bands of all time, who helped to outline an period of music. We are delighted to be deploying capital into such high-quality acquisitions whereas persevering with to judge additional engaging alternatives.”

Josh Gruss, chairman and CEO of Round Hill, the corporate’s funding supervisor, commented: “David Coverdale is a real rock icon. As the frontman for 2 of the world’s best bands, WHITESNAKE and DEEP PURPLE, he has blazed a path for the reason that early ’70s, and his legacy and affect on the generations of artists that adopted him can’t be understated. To have been entrusted with David‘s work is a proud day for Round Hill.”

Coverdale commented: “I’m thrilled past phrases to joyfully announce that my present catalog of works, each songs and grasp recordings, which I’ve been concerned in creating for over 50 years, is now in exceptionally secure arms with the effective individuals at Round Hill. I look ahead immensely to working along with Josh Gruss and all at Round Hill to make sure the legacy of my present works for future generations to take pleasure in.”

Rock