Christine McVie dead: Fleetwood Mac star sold her back catalogue 15 months before death


Fleetwood Mac star Christine McVie scored a huge music deal 15 months prior to her death this week at 79.

McVie, who wrote many of the group’s biggest hits, including Don’t Stop, You Make Loving Fun, Songbird and Over My Head, sold the rights to her catalogue of self-penned songs to music publishing company Hipgnosis in August 2021.

At the time of her death on Wednesday, November 30, McVie’s estimated net worth was $US105 million ($155 million), with a great portion being a result of the music deal with Hipgnosis for an undisclosed sum.

READ MORE: Richard Wilkins: ‘Christine McVie was Fleetwood Mac’s heart

Fleetwood Mac (Christine McVie) performs at the Met Center in Bloomington, Minnesota on June 30, 1990. (Photo by Jim Steinfeldt/Michael Ochs Archives/Getty Images)
Christine McVie scored a huge music deal 15 months prior to her death this week, aged 79. (Getty)

McVie’s musical catalogue included 115 songs.

She was the fourth member of Fleetwood Mac within nine months to sell the rights to her hits, with former bandmate Lindsay Buckingham having sold the rights to his back catalogue in January 2021.

The same month, drummer Mick Fleetwood sold the rights to his back catalogue to BMG, while in late 2020, Stevie Nicks sold hers to the company Primary Wave.

READ MORE: Kanye West slapped with $74 million bill

The Fleetwood Mac singer died on November 30 after a short illness, her family announced. (AP)

Nicks’ deal, however, was made public, with the music legend earning $US100 million ($147 million) for the sale.

Given she and McVie were the two main singers and songwriters behind most of Fleetwood Mac’s biggest hits, it’s safe to assume McVie’s back catalogue would’ve changed hands for a comparable amount.

The sale of legacy artists’ back catalogues has been a growing practice in recent years, with companies like Hipgnosis – which Variety reports spent more than $US3 billion ($4.4 billion) in just three years – snapping up artists’ songs for mind-boggling sums.

READ MORE: TV anchor leaves actor husband after ‘months-long affair’ with co-host

Christine McVie and Stevie Nicks attend MusiCares Person of the Year honoring Fleetwood Mac at Radio City Music Hall on January 26, 2018 in New York City.
Stevie Nicks’ deal was made public, with the music legend earning $US100m ($147m) for the sale of her back catalogue. (Getty)

The deals are a mutually beneficial situation. Artists, often aged in the later stages of their lives, receive huge sums of money to help them through retirement, while companies, like Hipgnosis, get all profits going forward any time the artist’s song is sampled, bought, played or used in advertisements, TV and film.

McVie is a legacy artist who will be missed, with her bandmates and others who knew her paying tribute to the British music icon’s life following the news of her death.

Nicks lamented the loss of her “best friend”, revealing she had wanted to rush to McVie’s bedside to be with her but had been “told to wait”.

READ MORE: Mena Suvari’s private health battle

Christine McVie and Stevie Nicks
Nicks lamented the loss of her “best friend” in a heartfelt Instagram tribute. (Twitter)

Richard Wilkins has also honoured the life and legacy of the Fleetwood Mac singer.

In an exclusive interview with 9Honey, Nine’s entertainment editor said McVie was “the heart and soul” of the band.

“She had a really great run. It’s desperately sad for her family and for her millions and millions of fans. She created music history with that beautiful band Fleetwood Mac.”

READ MORE: Kyle and Jackie O cancelled after Sandilands no-show

McVie has been remembered as “the heart and soul” of Fleetwood Mac. (Getty)

McVie first joined Fleetwood Mac in 1970 and the long-running group were inducted into the Rock and Roll Hall of Fame in 1998.

The band is one of the most commercially successful music artists of the past 50 years, with their Grammy-winning 1977 album Rumours selling more than 45 million copies worldwide.

For a daily dose of 9Honey, subscribe to our newsletter here.

Michael Jackson and Kobe Bryant

The world’s top-earning dead celebrities


Source link

Related posts

Tom Cruise all smiles as he celebrates 60th birthday at British F1 Grand Prix

Charles Sylva

The Wanted star Tom Parker’s widow Kelsey finds love again eight months after singer’s death

Charles Sylva

Jay Leno says friend saved his life as he recovers from burn injuries

Charles Sylva