Recording for punk legends Blondie as music investment company Hipgnosis records 197 songs
Music investment fund Hipgnosis has taken up the song rights to the back catalog of punk band Blondie.
The firm said Blondie founders Debbie Harry and Chris Stein had sold the royalties on 197 songs – such as Call Me, Heart of Glass and Rapture – for an undisclosed amount.
The band was founded in 1974 by Harry and Stein and became a pioneer of American punk in the 1970s. They were inducted into the Rock and Roll Hall of Fame in 2006.
Music investment fund Hipgnosis said Blondie co-founders Debbie Harry (pictured) and Chris Stein had sold the royalties on 197 songs
Hipgnosis founder Merck Mercuriadis said, “I’ve been following every step Debbie and Chris have taken.
“Their singles have not only been hugely successful, but have also set the era and genre.”
Harry and Stein said, “We look forward to the future with Hipgnosis’ forward thinking team.”
Founded by Mercuriadis, Hipgnosis invests in song rights, as well as other intellectual property related to music.
It was listed on the London Stock Exchange in 2018 and has since raised over £ 625 million from the markets.