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Mercuriadis Announces Dave Stewart Signing At CMW

Eurythmics co-founder and Grammy-winning songwriter, recording artist and producer David A. Stewart joins Merck Mercuriadis and Nile Rodgers' Hipgnosis Songs Ltd. and sells them his thousand-plus song catalogue.

Mercuriadis Announces Dave Stewart Signing At CMW

By Nick Krewen

While in town for a Canadian Music Week interview about his ventures, Hipgnosis Songs Fund Ltd., Founder Merck Mercuriadis asked partner and management client Nile Rodgers to join him on stage to announce the company’s latest signing: David A. Stewart.

Artist, writer, and producer Stewart assigns his 100% copyright share of the entire Eurythmics catalogue – which has sold an estimated 100M albums around the world and includes such chart-toppers as Sweet Dreams (Are Made of This), Would I Lie To You, and Here Comes The Rain Again, to Hipgnosis.

With this transaction, Stewart joins the Hipgnosis Advisory Board. 

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Major Music Streaming Companies Push Back Against Canadian Content Payments: Inside Canada's 'Streaming Tax' Battle
Photo by Lee Campbell on Unsplash
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Inside Canada's 'Streaming Tax' Battle

Spotify, Apple, Amazon and others are challenging the CRTC's mandated fee payments to Canadian content funds like FACTOR and the Indigenous Music Office, both in courts and in the court of public opinion. Here's what's at stake.

Some of the biggest streaming services in music are banding together to fight against a major piece of Canadian arts legislation – in court and in the court of public opinion.

Spotify, Apple, Amazon and others are taking action against the Canadian Radio-television and Telecommunications Commission (CRTC)’s 2024 decision that major foreign-owned streamers with Canadian revenues over $25 million will have to pay 5% of those revenues into Canadian content funds – what the streamers have termed a “Streaming Tax.”

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