Round Hill Music

Round Hill Music announces acquisition of David Coverdale catalogue

Agreement with Whitesnake and Deep Purple frontman includes music publishing, master rights, master rights royalties & administration of neighbouring rights

London & New York, 14th January 2022 Round Hill Music Royalty Fund Limited is pleased to announce that the Company has acquired the music publishing, master rights and master rights royalties for, and entered into a long-term administration agreement for the neighbouring rights income from, the catalogue of David Coverdale.

David Coverdale is the iconic rock frontman best known for his role in Whitesnake, of which he was a founding member. Coverdale was also the lead singer of Deep Purple from 1973 to 1976, featuring on their albums “Burn” and “Stormbringer” both of which were certified gold in the UK before the band’s break-up in 1976. Following this, Coverdale released two solo albums “White Snake” (1977) and “Northwinds” (1978). After founding Whitesnake in 1978, Coverdale was present for all of the band’s major successes including the 1987 multi-platinum self-titled album and the 1989 “Slip of the Tongue” album. In 1990 Coverdale co-wrote with Hans Zimmer and Billy Idol, the song “The Last Note of Freedom” for the Tony Scott film “Days of Thunder”.

The acquisition includes hit songs such as: “Here I Go Again”, “Crying in the Rain”, “Fool for your Loving”, “Is This Love”, “Still of the Night”, “Slow an’ Easy”, “Burn” and “Stormbringer” and the aforementioned “The Last Note of Freedom.”

In 2016, Coverdale was inducted into the Rock and Roll Hall of Fame.

David Coverdale said, “I am thrilled beyond words to joyfully announce that my existing catalog of works, both songs and master recordings, which I have been involved in creating for over 50 years, is now in exceptionally safe hands with the fine people at Round Hill. I look forward immensely to working together with Josh Gruss and all at Round Hill to ensure the legacy of my existing works for future generations to enjoy.”

Trevor Bowen, Chair of Round Hill Music Royalty Fund Limited said, “The Board is pleased to provide RHM shareholders with access to David Coverdale’s own legendary catalogue of hits as the frontman from one of best-known rock bands of all time, who helped to define an era of music. We are delighted to be deploying capital into such high-quality acquisitions while continuing to evaluate further attractive opportunities.”

Josh Gruss, Chairman and CEO of Round Hill, the Company’s investment manager, commented, “David Coverdale is a true rock icon. As the frontman for two of the world’s greatest bands, Whitesnake and Deep Purple, he has blazed a trail since the early 70s, and his legacy and influence on the generations of artists that followed him cannot be understated. To have been entrusted with David’s work is a proud day for Round Hill.”

 

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Notes to editors

Unless the context otherwise requires, capitalised terms used in this announcement have the meanings in the Prospectus.

The Company is a non-cellular Guernsey company. The Company’s Investment Objective is to provide investors with an attractive level of regular and growing income and capital returns from investment primarily in high quality, music intellectual property. In order to achieve its Investment Objective, the Company will invest in a songwriter’s copyright interest in a musical composition or song (being their writer’s share, their publisher’s share and their performance rights) together with the rights in the recording of the musical composition or song (known as the master recording rights) together with all such rights and assets considered by its investment manager, Round Hill Music LP (“Round Hill“), to be ancillary thereto.

Founded in 2010, Round Hill is a fully integrated owner and operator of music copyright properties and the sixth largest music publishing company in the US. Headquartered in New York with additional offices in Nashville, Los Angeles and London, Round Hill has an experienced management and investment team with an established reputation and extensive experience in the music and finance industries.