Fleetwood Mac co-founder and one-half of the band's namesake Mick Fleetwood has reached a deal to sell the recorded music rights from his entire music catalog to BMG.
Bertelsmann SE's BMG snapped up rights to most of Fleetwood Mac's music after the band's hit song "Dreams" went viral on social media.
While the previously noted 3.2 billion global "Dreams" streams appear to reflect plays on streaming platforms as well as on TikTok, the 182 million USA streams attributable to the song in 2020 would have generated between $546,000 and $910,000 in Spotify royalties, based upon DMN's much-cited breakdown of the streaming service's per-stream royalty rate. The instant captured a new technology of lovers, whilst its contagious vibes spread throughout the world engraining...
The deal with BMG means Fleetwood has traded his future earnings from the sale of the band's music for an upfront payment. "BMG is proud to represent his greatest work and excited about the forthcoming launch of Mick Fleetwood & Friends", said Masuch.
In a statement, the drummer said: "This is a wonderfully inspiring marriage between two creative partners that understand all aspects of the business". Foremost, BMG understands the artistry and puts the artist first.
Mick Fleetwood's manager, Carl Stubner, broke the news of the deal.
Stubner also said, "For over 50 years Mick's works continue to be introduced to legions of new fans. In an industry not always known to look after its iconic artists, BMG continues to maximize their income streams". While recent acquisition activity in the music market has focused on music publishing, this is a pure recorded investment which will get the full benefit of streaming growth.
Their golden period began in July 1975 with a new lineup and the release of "Fleetwood Mac", their first U.S. No. 1.
The 73-year-old drummer - who founded the group in the 1960s - has agreed to the sale, which covers classic albums including "Tango In The Night", "Rumours" and "Tusk".
As previously reported, BMG will be releasing audio and video packages documenting the all-star 2020 tribute concert Mick organized honoring founding Fleetwood Mac singer/guitarist Peter Green. BLABBERMOUTH.NET reserves the right to "hide" comments that may be considered offensive, illegal or inappropriate and to "ban" users that violate the site's Terms Of Service.
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