Crisis? What crisis? Round Hill Music Royalty Fund (LSE:RHM) has signed a deal to handle the neighbouring rights income of three long-standing members of the group Supertramp.
The acquired catalogue of band members Douglas Thomson, Bob Siebenberg and John Helliwell comprises 39 original recordings including earworms such a “Give A Little Bit” and “The Logical Song”.
“These are timeless and iconic songs that have huge income-generating potential, creating strong returns for shareholders and adding depth to the progressive pop/rock genre in the company's portfolio,” said Trevor Bowen, the chair of Round Hill.
Due to commercial sensitivities, the Company is unable to disclose financial details for each acquisition or deal as it occurs, Round Hill said.