Another person has joined an increasing number of musicians and songwriters, who have sold their music catalogs for large sums of money. So far Bob Dylan, David Bowie, Stevie Nicks, Imagine Dragons, Blondie, Barry Manilow, Jimmy Iovine, Lindsey Buckingham, Steve Nix and Neil Young have participated in some or all of the ways on their list. Now prolific songwriter and One Direction frontman Ryan Tedder has joined the club. He sold the majority of his recorded music and publishing rights to KKR. In addition to his work with One Direction, Tedder has written dozens of songs for dozens of artists including Beyoncé, Adele, Timbaland, Kelly Clarkson, Demi Lovato, Collie Catlett, Gavin Degraw, Jennifer Hudson, and more. Now, Tedder, who previously made $ 30 million net from songwriting and One Direction, is valued at $ 145 million for the $ 200 million he received for his music catalog. This makes it one of the larger music catalog acquisitions since the catalog-selling craze began.
Selling music catalogs have been a lucrative opportunity for songwriters over the last two years. The songwriters are able to get immediate payment for their work instead of getting the chance that their songs will continue to earn money for them. Catalog buyers take risks, but can earn money through licenses, merchandise, and other opportunities to play songs.
The price of music catalogs for music streaming services like Spotify, Pandora and Apple Music have skyrocketed. Licensing presents a particularly attractive revenue prospect for song list owners. A song featured in popular shows such as “The Office” or “Grey’s Anatomy” can provide a consistent income stream as those shows are repeated online, platforms, multiple broadcast and cable channels, and more. . With the Kovid-19 epidemic, sales of touring and associated merch have come to a complete halt, making music catalog sales a way for artists to make money when they can’t tour.
KKR’s portfolio is quite large. It has a stake in Gibson Guitars and in Tickcock’s parent company, ByteDance. It also has bets from Fortnite developer Epic Games and UFC. KKR previously owned a majority stake in BMG. In 2013 it sold the stake to Bertelsmann. Other companies buying music catalogs include Merck Mercuridis’s Hypnosis Music Fund and Larry Mestel’s Primary Wave Music. Recently, Hipgnosis announced deals with Neil Young, Jimmy Eowyn and Lindsey Buckingham. Stevie Nicks sold a stake in Primary Wave to its listing in December.
KKR released a statement revealing that it planned to expand the reach of Tedder’s catalog. “At KKR, we are focused on a number of investment initiatives in the music and entertainment industries and are confident that Ryan’s unique combination of artistic talent and business acumen will help us scale these efforts.”
A quick glance at the handful of songs written by Tedder reflects not only their prolific nature, but how valuable and potentially salable they are on their list.
“Not with me” (AJ McLean)
“Already Gone” (Kelly Clarkson)
“Battlefield” (Jordan Sparks)
“Bleeding Love” (Leona Lewis)
“The Brighton the Sun”
“Bern” (Ellie Golding)
“Coming Home” (Ramin Karimlo)
“Dip With You” (Baby Bash)
“Do It Well” (Jennifer Lopez)
“Great Hours” (Gavin Degraw)
“Future Love” (Varsity Fanclub)
“2 Love You” (Sean Paul)
“I Remember” (Jennifer Hudson)
“Love Like This” (Natasha Beddingfield)
“Love Sambadi” (Maroon 5)
“Music sounds better with you” (Big Time Rush)
“Neon Lights” (Demi Lovato
“Please don’t stop the rain” (James Morrison)
“It is rumored
“The Fighter” (Gym Class Heroes)
“The Way I Are” (Timbaland),
“We Remain” (Christina Aguilera)
This is a small sample of the literally hundreds of songs Tedder has written for his band and other artists since 2005.
Tedder’s work with Leona Lewis on “Bleeding Love” earned her her first Grammy nomination in 2009. His work with Beyoncé earned him two Grammy nominations in 2010 – one for Record of the Year for “Halo” and one for Album of the Year. “I am Sasha Fierce.” He called Adele’s “21.” He was nominated for the album “Beyoncé” in 2015, winning the 2012 Grammy of the Year for his work on the album. He won the 2016 Grammy of the Year albums for his work for Taylor Swift’s “1989” and Adele’s “25. The Year of the Year Grammy of the Year”. In 2017, he was nominated for a Golden Globe for the song “Vishwas”, which was featured in the film “Sing”.
Between October of 2013 and March of 2014, Tedder had six songs in the Top 40. This is a feat that no other writer / producer has achieved so far. His four songs, “Bleeding Love,” “Apology,” “Hello,” and “Counting Stars,” all feature in the list The best-selling single of all time.
Tedder released a statement following the sale of his catalog: “The music industry is going through an incredible phase of change. Streaming and all kinds of digital content are not only providing new avenues for the way we consume music, Rather how to reach the cast. New audiences in a much more immortal way. KKR really stood out for us from every metric that mattered, and it really served as a true focus and passion on me and my team. Impressed furthering his commitment to music. “Tedder’s management Patriot management and artist development company MTheory also participated in an equity deal for Tedder’s catalog.