Neil Young performs at Festival d’ete de Quebec on July 6, 2018 in Quebec City, Canada.
Scott Legato | Getty Images Entertainment | Getty Images
Legendary folk rocker Neil Young has sold 50% of his song catalog to the Hipgnosis Songs Fund, a U.K. investment vehicle founded by music industry veteran Merck Mercuriadis.
The deal gives Hipgnosis the rights to the worldwide copyright and income interests from 1,180 songs composed by Young, and has been reported to have cost around $150 million.
“I bought my first Neil Young album aged 7. ‘Harvest’ was my companion and I know every note, every word, every pause and silence intimately,” former talent manager Mercuriadis said in a statement…