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Monday 11th January 2021

After the gold rush: Why Neil Young and other aging rockers are cashing in on song publishing

Neil Young has become the latest artist to strike gold with his song catalogue. The Hipgnosis Songs Fund, a British investment company, announced that it had acquired a 50 per cent stake in Young's catalog of some 1,180 songs that include Heart of Gold, Rockin’ in the Free World and Cinnamon Girl. (Alice Chiche/AFP/Getty Images)

In Neil Young's 1979 song Hey Hey, My My the Canadian musician sang that rock could never die, adding: "Out of the blue and into the black, you pay for this, but they give you that."

With the sale of 50 per cent of his 1,180-song catalogue to the Hipgnosis Song Fund this week for an estimated $150 million US, the grizzled rocker is in the black and then some.

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