In a significant music rights investment deal, Canadian songwriter Jim Vallance, best known for his collaborations with Bryan Adams, sold his share of their songwriting catalog to Round Hill Music Royalties. The financial details of the transaction were not disclosed.
Vallance and Adams have co-written numerous hits throughout their long-standing partnership, including "Summer of '69," "Heaven," and "Cuts Like a Knife." Their collaborative success has earned them multiple awards, including Juno Awards and Grammy nominations.
Round Hill Music Royalties, a leading music rights investment company, has been actively acquiring music catalogs from various artists and songwriters. The company's portfolio includes songs by artists such as Fleetwood Mac, Tom Petty, and Neil Young.
Music rights, which include the ownership of publishing and recording royalties, have gained increasing attention from investors due to their potential for steady income streams. The rights to a song can generate revenue through various means, such as synchronization licenses for commercials, film and television, and mechanical licenses for physical and digital sales.
The exact terms of the deal between Vallance, Adams, and Round Hill are not publicly available. However, documents obtained by Billboard reveal that Vallance's share of the catalog includes songs written between 1978 and 1991. The agreement also grants Round Hill the right to collect and administer royalties from the catalog.
For more information on music rights, their types, and how they work, you can refer to the following resources: