Mick Fleetwood Becomes Third Member of Fleetwood Mac to Sell Song Catalog
By Jem Aswad - Variety
BMG announced that it has acquired “outright” Fleetwood Mac co-founder Mick Fleetwood’s interests in the band’s recordings.
The deal gives BMG Fleetwood’s royalty interest in over 300 recordings, including the hits including “Dreams” — which enjoyed a massive resurgence due to recent popularity on TikTok — “The Chain,” “Go Your Own Way” and “Landslide” from albums including the multiplatinum albums “Fleetwood Mac,” “Rumours,” “Tango in the Night” and others. It includes Fleetwood’s interest in all of their recorded work apart from their first two albums.
While Fleetwood did not write any of the above songs and has relatively few songwriting credits, his recorded-music rights as bandmember and drummer on the tracks yield him royalties connected to album sales, downloads and streaming.
BMG already has a relationship with the band, re-releasing its classic 1970 album “And Play on” and the theatrical, record and mediabook release of Mick Fleetwood & Friends, 2020’s tribute event to legendary guitarist Peter Green and the early years of the band. Fleetwood and bassist John McVie cofounded the band with Green in 1967; its most commercially successful lineup formed when Stevie Nicks and Lindsey Buckingham — both of whom recently sold their publishing rights for undisclosed amounts, although Nicks’ is reported to be $100 million — joined in 1975.
BMG CEO Hartwig Masuch said, “Mick Fleetwood is the bedrock of one of the greatest bands in rock, he has a unique talent to bring together musicians of all genres and of course he is one of rock’s greatest drummers. BMG is proud to represent his greatest work and excited about the forthcoming launch of Mick Fleetwood & Friends.”
Mick Fleetwood said, “This is a wonderfully inspiring marriage between two creative partners that understand all aspects of the business. Foremost, BMG understands the artistry and puts the artist first. If this partnership is any indication of my past, and now future, working relationship with BMG, it’s that they truly ‘get it’.”
The sale of Mick Fleetwood’s recorded interests was brokered by his manager Carl Stubner of Shelter Music Group. Said Stubner: “For over 50 years Mick’s works continue to be introduced to legions of new fans while BMG continues to ensure its artists are paid their fair share. In an industry, not always known to look after its iconic artists, BMG continues to maximize their income streams.”
BMG EVP Group Strategy and M&A Justus Haerder said, “This acquisition highlights the value of timeless recordings in a streaming market which is increasingly benefitting established rather than newer artists. While recent acquisition activity in the music market has focused on music publishing, this is a pure recorded investment which will get the full benefit of streaming growth. Catalogues such as Fleetwood Mac’s which connect with every generation are benefiting disproportionately from that growth.”