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Neil Young Sells A 50 Percent Stake In His Music For A Reported $150 Million

According to a press release from Hipgnosis, they now own “50 percent of the worldwide copyright and income interests in the entire music repertoire of 1,180 works by Nil Young.”

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Frazer Harrison/Getty Images

Getty Images/Frazer Harrison

“I created Hipgnosis to be a business that Neil would want to work for. Because of our shared faith in music and these significant songs, we have a common integrity, ethos, and passion. There will never be a ‘Burger of Gold’ but we will work together to make sure everyone gets to hear them on Neil’s terms. There’s a good likelihood that their lives will be altered similarly to mine. This is a deal that changes Hipgnosis forever and it’s a dream to welcome Neil, Frank, Bonnie and the team to the Hipgnosis family.”

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If you’re not a fan of Neil Young, you might find the reference to the “Burger of Gold” confusing. Young famously turned down McDonald’s request to utilize his song “Heart of Gold” in an advertisement back in the 1970s. Young has been one of the holdouts, refusing to allow his music to be used in advertising despite popular music being more and more pervasive in advertising. The Hipgnosis news release appears to suggest that this transaction won’t change that.