Round Hill deal with Supertramp – Round Hill Music Royalty Fund has entered into a long-term agreement to administer 100% of the neighbouring rights income, generated from the master recordings, of three long-standing members of the British rock group, Supertramp.
The catalogue includes:
- 39 original recordings.
- Numerous timeless hits such as “The Logical Song”, “Take the Long Way Home”, “Breakfast in America”, “Goodbye Stranger” and “Give a Little Bit”.
- 100% neighbouring rights income of songs from the catalogue of long-time band members Douglas Thomson, Bob Siebenberg and John Helliwell.
Background to the catalogue
Supertramp was an English rock band from London, formed in 1969 by Roger Hodgson and Rick Davies. The band’s peak was in 1979, following the release of their album “Breakfast in America”, which yielded the international top 10 singles “The Logical Song”, “Breakfast in America”, “Goodbye Stranger” and “Take the Long Way Home”. In 2007 Supertramp’s album sales exceeded 60m, with the group becoming increasingly popular across North America, Europe, South Africa, Australia and particularly in Canada, where it had No. 1 singles with “The Logical Song” and “Dreamer”.
Catalogue Details
The catalogue includes Supertramp’s biggest hit “The Logical Song”, which became No. 1 in Canada, No. 7 in the UK and No. 6 on the US Billboard chart. The songs have also featured in multiple TV shows, radio and TV advertisements and in the film “I, Tonya”.
The statement says that, due to commercial sensitivities, the company is unable to disclose financial details for each acquisition or deal as it occurs. However, on completion of the investment of proceeds from the C share fundraise of $86.5m, together with the remaining undrawn balance of its existing revolving credit facility, the company will make further financial disclosures.
RHM : Round Hill deal with Supertramp