Round Hill Music Royalty fund agrees to administer neighbouring rights income from Supertramp catalogue

Catalogue includes 39 original recordings

The Round Hill Music Royalty fund has entered into a long-term agreement to administer 100% of the neighbouring rights income generated from the master recordings of three long-standing members of British rock group Supertramp.

The catalogue comprises 39 original recordings by the band, including "The Logical Song", "Take the Long Way Home", "Breakfast in America", "Goodbye Stranger" and "Give a Little Bit", while the deal relates to songs from the catalogue of long-time band members Douglas Thomson, Bob Siebenberg and John Helliwell. The company said it is unable to disclose financial details for each acquisition or deal as it occurs "due to commercial sensitivities". But the board stated that on completion of the investment of proceeds from the C Share fundraise of $86.5m, together with the remaining undra...