(Reuters) – British songwriter and producer Ian Levine has sold his share of prizes from some of the tracks of English pop group “Take That” to One Media iP Group, music publisher and broadcaster Monday said. adding its shares 16% higher to 8 pence.
In addition to the realms of producers from tracks in the band’s album, including “A Million Love Songs” and “I Found Heaven”, One Media said that they are also on the duties of a two-track producer That ”was never released for purchase.
Music producers usually take a percentage of what was sold from an artist’s album or songs, known as producer realms.
The COVID-19 pandemic has almost closed live concert employment and a growing list of professionals have tried to make money from their older work. Bob Dylan sold his back catalog last month and so did Shakira and Neil Young.
One Media’s contract was finalized through their Harmony IP asset distribution program, the company said, which allows music rights holders to access future intellectual property by purchasing a portion of their rights. in advance.
“Take That”, originally starring Robbie Williams and Jason Orange, was 56 number one and 39 number one.
If gains continue, One Media iP Group stocks are set for their favorite day in more than two years.
Reporting by Indranil Sarkar and Pushkala Aripaka in Bengaluru; Edited by Arun Koyyur