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Spherical Hill Music Royalty Fund buys catalog from British producer and songwriter Tim Palmer


Spherical Hill Music Royalty Fund (RHM) Restricted has acquired a catalog from Tim Palmer, a British report producer, guitarist and songwriter of rock and different music.

The catalog consists of 30 songs overlaying tracks from the Pearl Jam album Ten, and producer and publishing royalties for Ozzy Osbourne’s album All the way down to Earth.

RHM’s acquisition of the catalog consists of 100% of the mixer royalty revenue for the grasp recording rights on Pearl Jam’s album Ten, and 100% of the producer revenue for the grasp recording rights on All the way down to Earth.

It additionally consists of 100% of the publishing curiosity (together with author’s share) in six of the eleven tracks on All the way down to Earth.

Ten is Pearl Jam’s debut album, promoting over 25 million data worldwide and has been licensed Diamond and 13x Platinum by the Recording Trade Affiliation of America.

The album incorporates a few of their hottest songs corresponding to Even Circulate, Black and Jeremy.

The catalog additionally consists of hits corresponding to Alive, which acquired a certification from the British Phonographic Trade, going Silver in August 2018 for gross sales and streams of over 200,000;

All the way down to Earth, the album by Ozzy Osbourne, reached No. 4 on the Billboard Charts and 18 within the UK. It was licensed Platinum within the US and Gold in UK.

Total, the catalog consists of 6 No.1s and 20 Prime 10s.

Tim Palmer is finest recognized for his function in mixing Pearl Jam’s album Ten, which reached No.2 on the Billboard 200 in 1992.

The album produced three hit singles: Alive, Even Circulate and Jeremy.

Jeremy grew to become one among Pearl Jam’s best-known songs and acquired nominations for Finest Rock Track and Finest Onerous Rock Efficiency on the thirty fifth Grammy Awards.

Over his expansive profession, Palmer has labored with quite a few different influential rock and different artists together with U2, Robert Plant, Tears for Fears, David Bowie and Ozzy Osbourne, for whom he produced and wrote on the Platinum-selling album All the way down to Earth.

In accordance with RHM, the publishing share of the catalog provides publicity to a world viewers, with 27% of income derived from exterior of the US.

The income from grasp recording rights contains 82% of catalog earnings, with publishing earnings accounting for 3%, and different sources comprising 15%.

The catalog revenues are targeted in direction of the highest tracks, with the Prime 3 Songs accounting for 45%, Prime 5 Songs accounting for 66% and Prime 10 Songs accounting for 82% of revenues.

All figures above are based mostly on the catalogs royalty assertion within the calendar yr 2020.

“We’re more than happy to announce this high-quality catalog of fantastic songs together with timeless rock and different tracks from two of the world’s most well-known artists.”

Trevor Bowen, Spherical Hill Music Royalty Fund

Trevor Bowen, Chair of Spherical Hill Music Royalty Fund, stated: “We’re more than happy to announce this high-quality catalog of fantastic songs together with timeless rock and different tracks from two of the world’s most well-known artists.

“The Board is happy to be utilising the RCF and C Share inserting proceeds to additional increase the Firm’s portfolio of various catalogs. The Firm’s funding pipeline stays robust with quite a few recognized near-term alternatives in exclusivity.”

“Tim Palmer is a well-renowned report producer who has combined and produced a number of the most iconic rock and different albums and songs over the previous 4 a long time.”

Josh Gruss, Spherical Hill

Josh Gruss, Chairman and CEO of Spherical Hill, the Firm’s funding supervisor, added: “Tim Palmer is a well-renowned report producer who has combined and produced a number of the most iconic rock and different albums and songs over the previous 4 a long time.

“This funding echoes our strategic goal of buying royalty rights to basic songs which have confirmed their capability to supply long-term, regular royalty revenues over the a long time, whereas buying the catalogs at enticing valuations.”

“Signing to Spherical Hill is a really distinctive alternative for me, and Josh and his staff have already proven how a lot they love and respect the music. I’m proud to be a part of their ever-expanding household.”

Tim Palmer

Tim Palmer stated: Final yr I celebrated my fifth decade both producing or mixing a UK Prime 10 album, and after 40 years of working within the enterprise, I’m excited to enterprise into one thing that seems like a brand new chapter.

“Signing to Spherical Hill is a really distinctive alternative for me, and Josh and his staff have already proven how a lot they love and respect the music. I’m proud to be a part of their ever-expanding household.”


As we speak’s information follows Spherical Hill Music Royalty Fund’s current acquisition of the grasp royalty revenue of Dennis Elliott, the unique drummer of the rock group Foreigner.Music Enterprise Worldwide



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