Neil Young strikes heart of gold with 50{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} sale of song catalog to publishing house

Veteran rock star Neil Young has sold half the rights to his song catalog to Hipgnosis Song Fund
as the U.K. publishing house looks to cash in on the boom in music valuations amid the popularity of streaming services.

Under the terms of the deal, announced on Wednesday, FTSE 250-listed Hipgnosis takes a 50{09c3c849cf64d23af04bfef51e68a1f749678453f0f72e4bb3c75fcb14e04d49} stake in the 75-year-old Canadian singer’s portfolio of 1,180 tracks, which include “Heart of Gold,” “Rockin’ in the Free World” and “Cinnamon Girl.”

Hipgnosis didn’t disclose the value of the deal, which is estimated to have a reported price tag of $150 million, according