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After securing $100m loan facility to buy music rights, Switzerland-based MusicBird acquires Midge Ure catalog

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MusicBird, a Switzerland-based music rights funding firm, has acquired the music catalog of Scottish songwriter, recording artist and producer Midge Ure.

MusicBird says it has acquired the writers share, grasp recording and neighboring rights earnings on over 300 songs throughout Midge Ure’s solo profession and his work with acts akin to Ultravox, Visage and extra.

Information of the deal comes a month and a half after MusicBird signed what it referred to as a “main financing deal” with Mitsubishi UFJ Monetary Group (MUFG), to bolster its money reserves for music rights offers.

The take care of MUFG gave MusicBird entry to a mortgage facility of as much as $100 million.

Midge Ure’s profession within the Seventies and Eighties noticed him carry out in bands together with Slik, Skinny Lizzy, Wealthy Youngsters, Visage and because the lead singer of Ultravox.

He produced, co-wrote and carried out on a number of synth-pop and new wave classics akin to Fade to Gray by Visage, the Ultravox hits Vienna and Dancing with Tears in My Eyes and his UK No. 1 hit If I Was, taken from his album The Reward.

Along with Irish artist Bob Geldof, Midge Ure co-wrote and produced the ‘Band Support’ charity single Do They Know It’s Christmas?, which offered over 12 million copies worldwide (as a charity single this was not a part of the MusicBird acquisition).

MusicBird’s present portfolio consists of the publishing rights of songwriter J.R. Rotem (together with hits by Rihanna, Jason Derulo, Fall Out Boy, Iyaz and Sean Kingston) and the grasp earnings and publishing rights of a number of Grammy Award-winning artist Shaggy (together with It Wasn’t Me, Angel and Boombastic).

“It’s a vital second for me as an artist and songwriter to see my songs discover a new residence at MusicBird with people who find themselves genuinely enthusiastic about music.”

Midge Ure

Commenting on the deal, Midge Ure, mentioned: “It’s a vital second for me as an artist and songwriter to see my songs discover a new residence at MusicBird with people who find themselves genuinely enthusiastic about music.

“I feel this crew will take the songs to new audiences and I’m excited to be working with them on that.”

“We’re massively excited to turn into the custodian of those unbelievable songs and we’re humbled that Midge has entrusted these valuable items of artwork to the MusicBird crew.”

Paul Brown, MusicBird

Paul Brown, CEO of MusicBird, mentioned: “This is a vital deal for MusicBird.

“Midge has written some genuinely timeless hits that had been ground-breaking, serving to to outline the Eighties new wave sound and actually paving the way in which for people who got here after.

“We’re massively excited to turn into the custodian of those unbelievable songs and we’re humbled that Midge has entrusted these valuable items of artwork to the MusicBird crew.”Music Enterprise Worldwide

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