According to The Hollywood Reporter, HarbourView Equity Partners has bought the rights to the producer royalty income streams of Grammy-winning producer-songwriter Rodney "Darkchild" Jerkins.
Breaking it down:
The deal was facilitated by Swedish company Chapter Two, which specializes in music rights transactions.
The terms of the deal were not disclosed.
HarbourView's legal counsel was provided by Fox Rothschild; Pamela L. Klein of Rossi Baldivia Klein Fine & Spector, P.C. represented Jerkins.
Jerkins sold his publishing catalog to Recognition Music Group (formerly Hipgnosis Songs Fund) in 2020.
Jerkins' catalog:
With this acquisition HarbourView will receive Jerkins' recorded royalties on songs such as Destiny's Child's "Say My Name", Sam Smith's "Stay With Me", Lady Gaga's "Telephone" featuring Beyoncé, Justin Bieber's "As Long As You Love Me", and more.
Other acquisitions:
HarbourView has amassed 75 catalogs to date, as per Music Business Worldwide.
These include T-Pain, Pat Benatar, Kane Brown, Wiz Khalifa, Fleetwood Mac's Christine McVie, Luis Fonsi, James Fauntleroy, Nelly to name a few.
What they said:
Jerkins: "HarbourView truly understand the value of music and the people who create it."
