Concord Music has made a significant move in the music rights market by acquiring a portion of the music publishing catalog of Tom Higgenson, renowned songwriter and frontman of the Plain White T’s. This deal includes the global pop hit “Hey There Delilah” and other notable tracks, granting Concord ownership of both the recording and underlying composition of this iconic song. The acquisition was facilitated by Higgenson’s longtime attorney, Scott Bradford of Selverne Bradford, PLLC.
Tom Higgenson’s decision to sell his music catalog raises the question: for how much money? The financial details of the deal have not been disclosed, leaving fans and industry insiders curious about the size of the transaction.
- Concord Music has acquired a portion of Tom Higgenson’s music publishing catalog, including the popular song “Hey There Delilah.”
- The financial details of the deal have not been revealed, leaving the exact amount of money Higgenson received undisclosed.
- Tom Higgenson’s decision highlights the active and dynamic nature of the music rights market.
- Higgenson’s ongoing partnership with Fearless Records signals a strong relationship between the artist and the record label.
- Selling a music catalog can provide artists with a significant financial boost and open up opportunities for future projects.
The Importance of “Hey There Delilah”
“Hey There Delilah” is a globally recognized pop hit with over a billion streams. It was written by Tom Higgenson after meeting Delilah DiCrescenzo. The song earned Plain White T’s two GRAMMY nominations and spent 35 weeks on the Billboard Hot 100 Chart, reaching number one for two weeks. It also topped the charts in eight countries. The acquisition of the music catalog includes the rights to this iconic song.
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This catchy and heartfelt song struck a chord with listeners worldwide. Its simple acoustic melodies and relatable lyrics captivated audiences, making it a favorite among fans of the Plain White T’s. The GRAMMY nominations further solidify the song’s impact and recognition within the music industry.
With its immense popularity, “Hey There Delilah” has become a timeless classic, continuing to resonate with listeners of all ages. Its enduring appeal is a testament to Tom Higgenson’s songwriting talent and the emotional connection it creates with its audience.
The inclusion of “Hey There Delilah” in the music catalog acquisition represents a valuable addition to Concord’s portfolio. This iconic song is not only a testament to Tom Higgenson’s creative prowess, but also serves as a cornerstone of the Plain White T’s musical legacy.
In the next section, we will explore other notable songs included in the deal, highlighting the breadth of Tom Higgenson’s musical contributions.
Other Songs Included in the Deal
In addition to the iconic hit “Hey There Delilah,” the music catalog acquired by Concord also includes several other notable tracks from Tom Higgenson’s repertoire. These songs have played a significant role in Higgenson’s success as a talented songwriter and musician.
- A Lonely September: A soulful ballad that showcases Higgenson’s poignant lyrics and heartfelt melodies. This song resonates with listeners, capturing the essence of longing and introspection.
- Take Me Away: A pop-rock anthem that combines catchy hooks with Higgenson’s signature energetic vocals. This track has garnered attention for its infectious chorus and relatable themes.
- Radios in Heaven: A poignant and introspective song that reflects on loss, reminiscent of Higgenson’s ability to craft emotional and thought-provoking compositions.
These songs, alongside “Hey There Delilah,” have contributed to the diverse and compelling body of work that showcases Higgenson’s talent as a songwriter and musician.
Partnership with Concord and Fearless Records
Tom Higgenson and Plain White T’s found a home at Concord’s Fearless Records after their self-produced album Stop caught the label’s attention.
Since then, the band has continued their successful partnership with Fearless, releasing their 2018 album Parallel Universe and two singles this year.
Higgenson is grateful for the strong relationship he has built with Concord and Fearless, and he eagerly looks forward to the future with these industry leaders.
The Growing Trend of Catalog Acquisitions
There is a growing trend in the music industry where companies are increasingly acquiring the song catalogs of successful artists. These catalogs consist of the rights to the artist’s entire collection of songs, and acquiring them can be a lucrative investment for companies involved in music publishing.
Various companies have taken part in this trend, including music powerhouses such as Concord Music, Primary Wave, Round Hill, Eldridge Industries, and Hipgnosis, among others. These companies have collectively spent billions of dollars acquiring song catalogs from well-known artists.
So, why are these companies investing so heavily in music catalogues? One major reason is the potential for financial gain. Acquiring a successful artist’s catalog provides companies with access to a vast collection of valuable songs that have already proven their popularity with audiences. This gives the companies the opportunity to generate substantial profits from the exploitation of these songs through various revenue streams, including licensing for films, TV shows, commercials, and streaming platforms.
Moreover, artists themselves benefit from these acquisitions through large upfront cash payments. Selling their music catalogues provides artists with a significant influx of capital, allowing them to invest in new projects, expand their creative endeavors, or simply enhance their financial security. Additionally, there may be tax advantages associated with selling a music catalogue, further increasing the appeal for artists.
Overall, the growing trend of catalog acquisitions signifies the recognition of the long-term value and potential financial returns that music catalogues hold. Artists can find financial security, companies can profit from valuable song catalogs, and music lovers continue to enjoy the timeless melodies that make up the fabric of our society.
Companies involved in the trend of catalog acquisitions:
|Acquired Tom Higgenson’s music publishing catalog
|Acquired various song catalogs, including those of Bob Marley, Stevie Nicks, and Smokey Robinson
|Acquired the rights to hit songs from The Beatles, The Rolling Stones, and other iconic artists
|Acquired the music publishing catalog of The Killers
|Acquired the song catalogs of Neil Young, Lindsey Buckingham, and Jimmy Iovine
Notable Artists Who Have Cashed Out
Several notable artists have made lucrative deals by selling their song catalogues. Bob Dylan, Neil Young, and Stevie Nicks are among those who have taken advantage of the financial opportunities presented by catalog sales.
Bob Dylan, one of the most influential musicians of our time, sold 100% of his publishing catalogue to Universal Music Publishing for an estimated $300-400 million. This historic deal grants Universal the rights to Dylan’s vast collection of songs, including iconic hits such as “Blowin’ in the Wind” and “Like a Rolling Stone.” The transaction solidifies Dylan’s position as a shrewd businessman in addition to his legendary status as a songwriter.
Neil Young, known for his enduring career and poetic songwriting, sold 50% of his career catalogue to Hipgnosis Songs Fund for approximately $150 million. The deal encompasses Young’s extensive catalogue, featuring beloved songs like “Heart of Gold” and “Old Man.” By cashing out a portion of his catalogue, Young secured a substantial financial windfall while still retaining control over his artistic legacy.
Stevie Nicks, the iconic singer-songwriter and Fleetwood Mac frontwoman, sold a majority stake in her songs to Primary Wave for $100 million. This landmark agreement provides Primary Wave with a significant share of Nicks’ catalogue, which includes timeless classics like “Rhiannon” and “Landslide.” Nicks’ decision to sell a portion of her catalogue showcases both her business acumen and the enduring value of her music.
These notable artists, including Bob Dylan, Neil Young, and Stevie Nicks, have capitalized on the financial rewards of selling their song catalogues. These deals serve as a testament to the enduring value of their music and highlight the opportunities available to artists looking to monetize their catalogues.
The Impact on Tom Higgenson’s Earnings
While the exact financial details of Tom Higgenson’s catalog sale have not been disclosed, it is expected to have a significant impact on his earnings. The sale of a music catalog can provide artists like Higgenson with a substantial financial boost, offering them the opportunity to secure their financial future and pursue new projects. It represents an important milestone in Higgenson’s career and opens up possibilities for future endeavors.
Selling a music catalog can be a lucrative move for artists, as it allows them to monetize their body of work in a single transaction. By transferring the ownership of their songs and compositions, artists receive a substantial upfront payment that can greatly enhance their financial stability. This influx of cash can provide artists with the resources they need to invest in new creative ventures, expand their brand, or simply enjoy the fruits of their labor.
In the case of Tom Higgenson, the sale of his music catalog represents more than just a financial transaction. It signifies the recognition of his talent and the enduring value of his songs. The acquisition of his catalog underscores the impact and popularity of his work, further solidifying his status as a successful songwriter and musician.
Although the exact figures remain undisclosed, the sale of a music catalog can be a lucrative endeavor. Notable artists such as Bob Dylan, Neil Young, and Stevie Nicks have all capitalized on the value of their song catalogs to secure substantial deals. This trend highlights the potential financial rewards available to artists in the ever-evolving music industry.
The State of the Music Rights Market
The acquisition of Tom Higgenson’s catalog by Concord is a testament to the dynamic nature of the music rights market. Companies like Concord are strategically acquiring catalogs to expand their portfolios and maximize the value of songs. In recent years, the market for music rights has experienced significant activity, with substantial deals and acquisitions taking place.
Recent Acquisitions in the Music Rights Market
|Tom Higgenson’s catalog
|Acquired the music catalogs of Bob Marley and Whitney Houston
|Purchased the rights to hit songs by The Beatles and Bruno Mars
|Acquired the catalogs of Neil Diamond and iconic Motown songs
|Bought catalogs from artists like Shakira and Blondie
These acquisitions highlight the growing trend of companies investing in music catalogs to capitalize on the enduring popularity of well-known songs.
The music rights market offers artists the opportunity to monetize their catalogs by selling to companies that specialize in music investments. This trend provides artists with immediate cash injections and potential tax advantages, while allowing acquiring companies to generate long-term profits through the exploitation and licensing of these valuable song collections.
Market Growth and Future Prospects
The music rights market is projected to continue its growth trajectory as the demand for iconic songs remains strong. Companies like Concord are paving the way for further acquisitions, expanding their influence in the industry and securing valuable assets for their catalogs.
Tom Higgenson’s Ongoing Partnership with Fearless Records
Tom Higgenson’s collaboration with Fearless Records transcends the recent sale of his catalog. He values the strong rapport he has built with Concord and Fearless, expressing gratitude for their partnership. Moving forward, Higgenson eagerly anticipates continued collaboration and fruitful endeavors with these esteemed record labels.
The Success of Tom Higgenson and Plain White T’s
Tom Higgenson and Plain White T’s have undeniably made their mark in the music industry, achieving remarkable success and capturing the hearts of fans worldwide. With their unique sound and infectious melodies, they have solidified their position as one of the industry’s most beloved acts.
At the forefront of their impressive discography is the iconic hit song “Hey There Delilah,” which catapulted Plain White T’s to mainstream stardom. Written by Tom Higgenson himself, this heartfelt ballad resonated with audiences and became an anthem for love and dedication. The track’s immense popularity earned the band two coveted GRAMMY nominations and topped the Billboard Hot 100 Chart for two weeks, leaving an indelible mark on music history.
But their success extends far beyond a single groundbreaking hit. Plain White T’s have consistently delivered chart-topping tracks, proving their talent and versatility as musicians. With their energetic performances and relatable lyrics, they have formed a deep connection with their dedicated fan base, earning a reputation for their engaging live shows and genuine authenticity.
Plain White T’s Greatest Hits:
|Hey There Delilah
|Number One on the Billboard Hot 100 Chart
|Rhythm of Love
|Top Ten on the Billboard Hot 100 Chart
|1, 2, 3, 4
|Top Five on the Billboard Hot 100 Chart
|Hate (I Really Don’t Like You)
|Top Ten on the Billboard Hot 100 Chart
|Billboard Alternative Songs Chart
These hits, along with many other beloved tracks, have propelled Tom Higgenson and Plain White T’s to the forefront of the music scene. Their ability to create catchy melodies, coupled with Tom’s honest and heartfelt songwriting, has earned them a special place in the hearts of fans around the world.
As Tom Higgenson’s catalog joins the ranks of esteemed music collections, his legacy as a successful songwriter and musician is further solidified. With a rich discography that will undoubtedly stand the test of time, Tom and Plain White T’s continue to inspire and captivate audiences, making their mark on music history.
The Future of Tom Higgenson’s Music Career
Despite the recent sale of his music catalog, Tom Higgenson’s music career is far from over. This accomplished songwriter and frontman of the Plain White T’s remains dedicated to his craft and is determined to continue creating new music and exploring fresh opportunities within the industry.
While the sale of his catalog has provided Higgenson with financial stability, it has also opened up exciting possibilities for future projects. With more artistic freedom and resources at his disposal, fans can expect innovative and captivating music from this talented musician in the years to come.
Higgenson’s passion for music and his commitment to his art remain unwavering. He embraces this new chapter in his career with enthusiasm and looks forward to creating music that resonates with his fans and connects with new audiences. The future of Tom Higgenson’s music career is undoubtedly filled with boundless potential and exciting endeavors.
What songs are included in Tom Higgenson’s music catalog sale?
The deal includes “Hey There Delilah,” as well as other notable tracks like “A Lonely September,” “Take Me Away,” and “Radios in Heaven.”
What is the significance of “Hey There Delilah”?
“Hey There Delilah” is a globally recognized pop hit that earned Plain White T’s two GRAMMY nominations and reached number one on the Billboard Hot 100 Chart. It has over a billion streams and topped the charts in eight countries.
Who did Tom Higgenson sell his music catalog to?
Tom Higgenson sold his music catalog to Concord.
What is the importance of Tom Higgenson’s partnership with Concord and Fearless Records?
Tom Higgenson’s partnership with Concord and Fearless Records has been instrumental in his career. It started when Fearless Records showed interest in the band’s self-produced album, and they have continued to work together on subsequent releases.
Why are companies buying music catalogs from artists?
Companies like Concord, Primary Wave, Round Hill, Eldridge Industries, and Hipgnosis are buying music catalogs to capitalize on the value of the songs and generate profits. Artists benefit from upfront cash infusion and potential tax advantages.
Which notable artists have sold their song catalogs?
Artists like Bob Dylan, Neil Young, and Stevie Nicks have sold their song catalogs for significant sums of money. Dylan sold his publishing catalog for an estimated $300-400 million, Young sold 50% of his career catalog for approximately $150 million, and Nicks sold a majority stake in her songs for $100 million.
How will the sale of Tom Higgenson’s music catalog impact his earnings?
While the exact financial details have not been disclosed, selling a music catalog can provide artists with a substantial financial boost and potentially impact their earnings significantly.
What is the current state of the music rights market?
The music rights market is dynamic, with companies like Concord actively acquiring catalogs to expand their portfolios and capitalize on the value of songs. Large deals and acquisitions have been taking place in the industry.
Will Tom Higgenson continue to work with Fearless Records after selling his music catalog?
Yes, Tom Higgenson has expressed gratitude for his relationship with Concord and Fearless Records and looks forward to continuing to work with them in the future.
What has been the success of Tom Higgenson and Plain White T’s?
Tom Higgenson and Plain White T’s have achieved significant success in their career. With hits like “Hey There Delilah,” they have become a prominent presence in the music industry.
What does the future hold for Tom Higgenson’s music career?
Despite selling his music catalog, Tom Higgenson remains committed to creating new music and exploring new opportunities. Fans can expect to hear more from him in the years to come.
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