Numlock News: December 7, 2020 • Stevie Nick…

By Walt Hickey Welcome back! Dreams Stevie Nicks has cashed out, selling 80 percent of the copyrights of her music to publisher Primary Wave for $100 million. This came just as Fleetwood Mac was charting yet again, thanks to a fascinating incident with a skateboarding man and some cranberry juice on a popular Chinese social media app — it’s kind of a long story. Owning music rights is back in vogue again after the tumult of the Napster era and the difficult transition to financially viable digital music has pretty much concluded. Songwriter catalogs are fetching between 10 to 18 times their annual royalties, compared to a more modest figure of eight to 13 times annual royalties seen in previous years.

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