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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