Neil Young sold his songs too?!
So what's up, everybody? My name is Sweet Deat, and we're back with another episode.
So without further ado, let's talk about Neil Young. It's true, it's in the news. Neil Young has joined the likes of Bob Dylan and many other people that he has decided to sell a portion, not all of it, but 50% to the exact of his songs. Once again, Hypnosis was the buyer just like they've been buying up a whole bunch of other UK catalogues, and they are paying an estimated 150 million for 50%, as I've said in my previous videos, it's incredible to me how much of a trend this has become and how hot of a commodity these legacy artists catalogues are becoming with physical products being completely destroyed in the marketplace and everybody moving to streaming, it's really an interesting play by all of the companies like hypnosis, this trying to grab as much market share as they can... Obviously, the songs have held the test of time, and they think that in the long run, they're gonna make a lot of money, it's really important that young artists all across the world hold on to as much of their royalties as they can in the hopes that they are able to generate enough hits, maybe one day to actually make their catalog worth selling, or at least it gives you that option with the amount of equipment and availability of training on YouTube and other platforms to learn intricate things like Logic.
It doesn't really make much sense these days to just give away your royalties to somebody in hopes that they will propel you to a very quick successful music career, never beforehas artists have the amount of control they have over their careers. And I think this is a pretty desperate play to just grab as much market share as they can because they know that these legacy artists that have pumped out like Neil Young over the course of decades now, number one hit after number one hit, it's just harder to do that anymore. I think it also guarantees that these legacy artists are gonna be around for a while, because they're gonna wanna see their return on investment, so they're gonna be pumping these songs to everyone for years to come, well, as somebody like me, for example, that maybe just puts out a song, it might not be as retained the long term, I feel like these days, people put out songs in a week, the people have forgotten, you put out a song and it just goes to show the current value of what the song actually is. So another legacy artist bites the dust, and it just begs the question with only a handful of these companies trying to buy up as much market share as possible, it makes me wonder what the future of music is gonna look like in this regard.
I mean, you're gonna have basically a handful of people that own every song ever, and then at some point, one of them will cave and then another one will buy itself out, just like the record label industry did when there was tons of labels everywhere, and then you got down to the major five, I kinda wonder if it... This will implode on itself at some point also... I don't know, just talking. So do me a favor, tell me what you think about all of this in the comments below, I'd love to hear your opinion on what you sort of see the future of the business being in this regard, good things happen to those who wait and work really hard so keep writing your songs, your song writers out there, and I hope that you get as many number one hits as you can and you can sell them all off for a big profit in your 60s or 70s and live happily ever after and affect your family for generations and generations.