![]() The controversy surrounding Young and Spotify started in late January when Young asked his management team and record company to ensure his music is removed from Spotify, as a protest for Spotify’s role in spreading misinformation by platforming Joe Rogan’s podcast. They say there is no such thing as bad PR. ![]() Spotify Controversy Increased Demand for Young’s Music, Cue Royalties And of that entire portfolio, you can bet Young’s catalog is towards the top in terms of demand right now. Hipgnosis boasts a portfolio of 60,000 songs worth more than $1.5 billion dollars. ![]() Then just last year (2021), Young sold 50% publishing rights for his entire catalog to Hipgnosis, a UK-based investment fund founded by longtime music executive Merck Mercuriadis, who reportedly paid Young $150 million in the deal for his 1,180 songs. ![]() Much of that value has been accrued over the years through album sales, for such platinum albums like: Young currently has an estimated net worth of $200 million dollars, according to the website Celebrity Net Worth. Neil Young’s Current Net Worth and Last Year’s Catalog Sale to Investment Fund As you’ve certainly seen, Neil Young has been the subject of much news recently, stemming from his protest of Spotify’s role in spreading misinformation.īut putting all the headlines and the opinions and the politics aside for a moment, what impact has all this controversy had on the demand for Young’s music? And if that demand has changed, what does that mean for Young’s net worth?
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February 2023
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