Metallica join investment fund to buy other artists’ song catalogs

Metallica join investment fund to buy other artists’ song
catalogs, Shop Ticket Snatchers

Metallica
have signed up to an investment fund to purchase acts’ music.

The metal legends have teamed up with former Morgan Stanley
investment banker Paul Donahue and others for the Worldwired IP
Fund; an acquisition venture that will look to buy other
intellectual property forms besides just music.

The Worldwired IP Fund, which cribs its name from Metallica’s
recent world tours, starts with assets between $300-$500 million
(£237.9m -£396.5m), according to
Variety
. The idea is to purchase song catalogs and drive up
their values.

Donahue is an advisory board member of Metallica’s charitable
All Within My Hands Foundation. Also reported to be involved in the
fund are former Fender Guitars president Matt Janopaul and
ex-Sony/ATV co-president Rick Krim.

Elsewhere, Metallica have been continued to give widely to
charity. Their latest move under their All Within My Hands
Foundation came in the form of a $295,000 donation for coronavirus
relief grants.

The grant is to be split between five charities: Feeding
America, Direct Relief, Crew Nation, MusiCares and the USBG
National Charity Foundation.

Over the past year, Metallica have given to a range of
charitable causes. In January,the
band contributed $750,000 to the Australian bushfire relief
effort
. During their 2019 European tour, the
band donated a total of €1.5 million to several local
charities
.

In other news, a YouTuber has created their own virtual meeting
of two metal giants after imagining what Metallica’s
‘Enter Sandman’ would sound like if it was covered by Iron Maiden

The impressive effort from Finnish YouTuber Metal Börje sees Metallica’s 1991 hit
being recreated in the style of the British metal pioneers –
watch
here
.

The post
Metallica join investment fund to buy other artists’ song
catalogs
appeared first on NME
Music News, Reviews, Videos, Galleries, Tickets and Blogs |
NME.COM
.

Metallica
have signed up to an investment fund to purchase acts’ music.
The metal legends have teamed up with former Morgan Stanley
investment banker Paul Donahue and others for the Worldwired IP
Fund; an acquisition venture that will look to buy other
intellectual property forms besides just music.
Read more:
Metallica – Lars Ulrich On Oasis, Arctic Monkeys And The Songs
That Shaped His Life
The Worldwired IP Fund, which cribs its name from Metallica’s
recent world tours, starts with assets between $300-$500 million
(£237.9m -£396.5m), according to
Variety. The idea is to purchase song catalogs and drive up
their values.
Donahue is an advisory board member of Metallica’s charitable
All Within My Hands Foundation. Also reported to be involved in the
fund are former Fender Guitars president Matt Janopaul and
ex-Sony/ATV co-president Rick Krim.
Elsewhere, Metallica have been continued to give widely to
charity. Their latest move under their All Within My Hands
Foundation came in the form of a $295,000 donation for coronavirus
relief grants.
The grant is to be split between five charities: Feeding
America, Direct Relief, Crew Nation, MusiCares and the USBG
National Charity Foundation.
Over the past year, Metallica have given to a range of
charitable causes. In January,the
band contributed $750,000 to the Australian bushfire relief
effort. During their 2019 European tour, the
band donated a total of €1.5 million to several local
charities.

In other news, a YouTuber has created their own virtual meeting
of two metal giants after imagining what Metallica’s
‘Enter Sandman’ would sound like if it was covered by Iron Maiden
The impressive effort from Finnish YouTuber Metal Börje sees Metallica’s 1991 hit
being recreated in the style of the British metal pioneers –
watch
here.
The post
Metallica join investment fund to buy other artists’ song
catalogs appeared first on NME
Music News, Reviews, Videos, Galleries, Tickets and Blogs |
NME.COM.

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