Grammy Award-winning songwriter and producer Fraser T. Smith (IMDb) has sold his music catalogue to CTM Outlander, according to a report by Music Business Worldwide (MBW). The financial details of the deal were not disclosed.
Smith's impressive discography includes hits for Adele, Britney Spears, Celine Dion, Drake, Florence + The Machine, Gorillaz, and Sam Smith. His production credits span various genres, from pop and R&B to electronic and alternative music.
The sale of Smith's music catalogue marks another significant investment in music intellectual property rights. Music rights, including songwriting and publishing royalties, have gained increasing attention from investors due to their potential for steady income streams.
Music rights societies, such as the Performing Rights Society (PRS) for Music in the UK and the American Society of Composers, Authors and Publishers (ASCAP) in the US, manage the licensing and collection of royalties for music creators. These organizations play a crucial role in ensuring that artists and writers receive fair compensation for their work.
The ownership and management of music rights can be complex, as they involve various types of rights, including performing rights, mechanical rights, and synchronization rights. Understanding the intricacies of music rights and their value is essential for anyone considering investing in this area.
For more information on music rights and the music industry, visit the following resources: