Round Hill Music Royalty Fund Limited acquired 100% of the main royalty income from 532 original recordings from the American classic R&B group, The O’Jays.
The catalog includes 532 original recordings, including hits such as Love train, Use Ta Be My Girl, cry together, Stabs in the back, For the love of money, Forever mine, Put your hands together, stairway to Heaven and I love music.
The acquired catalog includes 100% of the main royalty income of The O’Jays.
Stabs in the back was their first million-selling album and it produced hit singles, including 992 arguments, Sunshine, It’s time to go down and hit n Â° 1 Love train.
The O’Jays For the love of money was the theme song for the hit American reality show The apprentice, bringing their music to a whole new generation;
The O’Jays are twice inducted into the Grammy Hall of Fame for their songs Love train and For the love of money, and were honored with the 2009 BET Life Time Achievement Award and inducted into the National Rhythm and Blues Hall of Fame in 201.
The O’Jays have achieved 10 gold records and 9 platinum records in their 63-year career.
According to the announcement, the catalog has significant exposure to streaming, comprising 64% of the revenue mix, the balance being made up of 3% physical, 10% download, 17% Sync and 6% Other.
In terms of geographic exposure, 88% of turnover comes from the United States, while the balance comes from other countries.
The best songs ranked by income are: Love Train, Forever Mine, For The Love of Money, Back Stbbers, Use Ta Be My Girl, Cry Together, Stairway To Heaven and I Love Music.
All of the above figures are based on the catalog royalty statements for calendar years 2018-2020.
The O’Jays made their first chart appearance with the hit Lonely wanderer in 1963, but reached their peak teaming with Gamble & Huff, a group of producers and songwriters, who signed them to their Philadelphia International label in 1972.
As a result, the O’Jays rose to prominence and emerged at the forefront of Philadelphia soul with Stabs in the back in 1972 and topped the Billboard Hot 100 in 1973, followed by Love train in 1974.
This success follows their first album, Come through. Most recently, the O’Jays were inducted into the Vocal Group Hall of Fame in 2004, and the Rock and Roll Hall of Fame in 2005, and in 2013, they were inducted into the National Rhythm and Blues Hall of Fame.
“The acquisition further demonstrates Round Hill’s ability to research and acquire catalogs that have produced long-term stable royalty income over the past decades.”
Trevor Bowen, Round Hill Music Royalty Fund
Trevor Bowen, President of the Round Hill Music Royalty Fund, commented: âWe are delighted to announce the acquisition of 100% of the core royalty revenue from The O’Jays.
âThe acquisition further demonstrates Round Hill’s ability to research and acquire catalogs that have generated long-term stable royalty income over the past decades.
âThe addition of the O’Jays catalog offers further diversification in terms of artist, genre, vintage and income type, making it a welcome addition to our growing portfolio.
âWe are delighted to see the investment manager competently executing his portfolio of attractive opportunities. “
“We are excited to be able to secure this exceptionally high quality catalog, which will be a fantastic addition to the historic portfolio of timeless music that we are building for RHM, to support predictable and consistent revenue streams.” “
Josh Gruss, Round Hill
Josh Gruss, CEO of Round Hill, the company’s investment manager, said: âThe O’Jays will be known to many as one of the leading figures in the Philadelphia 70s Soul scene, which saw the genre emerge and a funk influence emerge that has shaped disco music for generations.
“We are excited to be able to secure this exceptionally high quality catalog, which will be a fantastic addition to the historic portfolio of timeless music that we are building for RHM, to support predictable and consistent revenue streams.”
âWe look forward to educating shareholders more about our portfolio of exciting near-term opportunities. “
âWe are very happy to have found Round Hill to take care of our long standing catalog. “
Eddie Levert and Walter Williams, The O’Jays
The O’Jays’ Eddie Levert and Walter Williams said: âWe are very happy to have found Round Hill to take care of our long standing catalog.
âWe would like to thank Josh Gruss, Robin Godfrey-Cass, Michael Selverne, our management company 21st Century Artists, Toby Ludwig and our lawyer Dorothy Weber.
Today’s news follows the recent acquisition by Round Hill Music Royalty Fund (RHM) Limited of a catalog of Tim Palmer, a British record producer, guitarist and songwriter of rock and alternative music. .
Round Hill Music Royalty Fund also recently acquired lead royalty income from Dennis Elliott, the original drummer for rock band Foreigner.Music trade around the world