Rage Against the Machine’s Killing in the Name Of sold in package deal

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The rights to the 1992 rock song Killing in the Name Off have been sold to the Round Hill Music Fund as investors continue to spend large sums of money buying up the catalogue.

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Round Hill Music, one of two music rights funds listed in London, announced two package deals on Friday: the acquisition of a catalog from producers Jack and Garth Richardson; and a deal to buy the previous catalog of reggae band Rebellion.

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The Richardson catalog deal included production proceeds rights to songs by top rock artists such as Alice Cooper, Nickelback and Rage Against the Machine, including the band’s hit Killing in the Name Off. The catalog includes a total of 308 recordings.

The exact financial details of the deal were not disclosed, with Round Hill citing “commercial sensibility”.

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Trevor Bowen, president of the Round Hill Music Royalty Fund, said the deal was “another historic acquisition that provides the company with a range of timeless classic tracks.”

They said: “Zack and Garth Richardson are exceptionally well-known producers and their impressive catalog diversifies RHM’s portfolio in terms of genre and royalty type, including lead tracks from some of alternative metal’s most celebrated bands. “

In a separate statement, Round Hill announced a deal to purchase the master and publishing rights on the back catalog of Rebellion, an American reggae group formed in the early 2000s. Six of the seven albums included in the deal reached number one on the US reggae chart and the band was nominated for a Grammy.

Bowen said: “This investment marks a major milestone for the company with the acquisition of our first dedicated reggae catalogue and we are very pleased to be able to further diversify the company’s portfolio in this important genre.”

As with the Richardson deal, exact financial information was not disclosed.

The transaction is part of a bargaining spree in the music jurisdiction as investors look to capitalize on the growth of streaming and hunt returns in a low-interest-rate environment.

Round Hill and rival Hypnosis have spent millions buying back catalogs from artists as diverse as Avicii, Supertramp, O’Jays, Whitney Huston and Motley Fool. Funds make money when songs are streamed, sold or used in advertising.

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