Details U2, Dave Matthews Band Producer Steve Lillywhite Sells …

Music producer Steve Lillywhite, known for his work with iconic bands like U2 and The Rolling Stones, has sold his royalty income stream to Hipgnosis Songs Fund. This move signifies a growing trend in the music industry, as artists and producers are increasingly seeking alternative ways to monetize their work.

Lillywhite’s impressive career spans over four decades, during which he has produced some of the most celebrated albums in rock and pop history. He has been instrumental in shaping the sound of U2, having produced their debut album “Boy” in 1980 and continuing to collaborate with the band on several subsequent albums, including “War,” “The Unforgettable Fire,” and “Achtung Baby.” His work with The Rolling Stones includes their 1989 album “Steel Wheels,” which became one of their most commercially successful releases.

Lillywhite has also collaborated with a diverse range of artists, including Dave Matthews Band, The Killers, Peter Gabriel, and Counting Crows. His contributions to the music industry have earned him numerous accolades, including a Grammy Award for his work on U2’s album “Achtung Baby.”

The sale of Lillywhite’s royalty income stream to Hipgnosis Songs Fund is part of a larger trend in the music industry, where artists and producers are seeking alternative ways to monetize their work. Hipgnosis Songs Fund is a publicly traded investment company that acquires music publishing rights, providing a steady stream of income for songwriters and producers. This model allows creators to receive immediate cash for their work while still retaining ownership of their intellectual property.

Lillywhite’s decision to sell his royalties highlights the changing landscape of the music industry, where artists are increasingly looking for new avenues to secure their financial future. The rise of streaming services has significantly impacted the traditional revenue models for music, leading many creators to explore alternative ways to monetize their work. The sale of royalty income streams is becoming an increasingly popular option, offering artists and producers a way to access immediate cash flow while still retaining ownership of their creative output.