The future time the Church of England asks for a donation, Brits really should just pull out their telephones and enjoy Justin Timberlake’s “SexyBack.”
File this underneath “Who Realized?”: The staid Church of England is a co-owner of Beyoncé’s “Single Females,” Rihanna’s “Umbrella” and Justin Timberlake’s “SexyBack.”
The Church — whose head is the notoriously unhip Queen of England — has been bolstering its coffers by investing in businesses like Hipgnosis, which, according to the BBC, has been buying up rights to mega tracks for the earlier three yrs.
The firm put in around $1 billion gobbling up legal rights to audio that also features LA Reid’s track catalog (which has shares in Boyz II Men’s “End Of The Road”, Whitney Houston’s “I’m Your Infant Tonight” and Bobby Brown’s “Don’t Be Cruel”), as well as audio by Blondie, Barry Manilow and Mark Ronson.
Hipgnosis founder Merck Mercuriadis promises the music he’s bought is “more valuable than gold or oil” as “ their earnings is not influenced by fluctuations in the economy” he tells the BBC.
“These fantastic, proven music are incredibly predictable and trusted in their income streams. … If you get a tune like the Eurythmics’ ‘Sweet Dreams’ or Bon Jovi’s ‘Livin’ On A Prayer,’ you’re conversing three to four many years of reputable income. … If folks are residing their greatest lives, they are undertaking it to a soundtrack of tunes. But similarly, if they’re encountering the sort of troubles we have expert about the very last 6 months, they’re using comfort and ease and escaping in fantastic music.”
And each individual time anyone plays those beloved music, traders in Hipgnosis, like the Church of England, profit fiscally.