(ANSA) - NEW YORK, 17 JAN - Following the example of Bob Dylan and Neil Young, one of the founders of Fleetwood Mac, Mick Fleetwood, has sold his share of the recordings of the musical band BMG.
The deal covers the rights to classic albums such as "Rumors", "Tango In The Night" and "Tusk" for a total of around 300 songs and "18 hours of drums", announced the music division of German media giant Bertelsmann.
A few days ago the 1977 single of Fleetwood Mac "Dreams" had sent TikTok into fibrillation by collecting 2.9 million visions followed by an avalanche of sales in streaming while in 2020 the greatest hits collection "50 Years - Don't Stop" is entered the top ten albums of the year in the UK.
The agreement between BMG and Fleetwood differs from those reached by Dylan and Young: the two musicians limited themselves to having respectively to Universal Music and the British Hipgnosis Songs Fund material from their music catalog, not the rights to real recordings.
Instead, he paid Mick Fleetwood Bmg a one-off sum in exchange for future proceeds from the distribution of his music including "master tapes" created in the studio over the last 50 years.
The boom in streaming services like Spotify in the months of the epidemic is behind the boom in sales of musical catalogs generating revenue every time they are played on the radio, internet or used in movies, TV shows or online fitness programs like Peloton.
But the lockdown that blocked concerts and tours is also at stake, not to mention the "age factor".
(HANDLE).