![]() But what do you do with that catalog once you’ve bought it? The old approach was to basically to sit and wait for the songs to make money - through radio, sales, use in films or TV shows or advertising campaigns, Broadway shows and lots of other ways.īut a more recent approach is to work aggressively to pitch those catalogs to drive up their value - and that’s an approach that Primary Wave Music, led by founder and CEO Larry Mestel, has supersized since it was founded in 2006. There are all kinds of reasons why this is happening: Artists are getting older and are basically estate planning, the pandemic proved that copyrights can be a great investment, and the booming market is bringing more and more buyers and sellers to the table. Listen to the best of Ray Charles on Apple Music and Spotify.Bruce Springsteen and Bob Dylan selling their catalogs for $600 million, Genesis and Phil Collins for $300 million, Stevie Nicks for $100 million - over the past few years dozens of artists have sold the rights to their music catalogs for eight or nine figures. I don’t record it.” Hallelujah, we love him so. If I don’t feel anything from the song, then I forget it. I try to get the feel of a song and the emotion in it, before I record it. “They call my singing ‘emotional’ and ‘full of feeling,’ but that’s how the songs are to me. I’m just an example of the fact that there’s something for everyone to do if they just want to do it. But it gives you a sense of responsibility. In 1963, just ahead of his first British tour, Ray responded to the nickname he had by saying: “Genius? That’s nothing to be ashamed of. It went on to win eight, including a Record of the Year honor for the track featuring Jones, “Here We Go Again.” ‘There’s something for everyone to do’ That December, it was announced that the record had gained a dizzying ten Grammy nominations. It featured duets with many of the artists that he had influenced over the decades, from James Taylor to Johnny Mathis and from Natalie Cole to Norah Jones. Charles’ final studio album was Genius Loves Company, an all-star collaborative project released in August 2004, two months after his death at the age of 73. ![]()
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