Round Hill Music Royalty Fund strikes long-term administration deal for members of Supertramp

02 November 2021 - Press release

Long-term administration deal for members of Supertramp
Additional catalogue of vintage, high quality rock hits

The Board of Round Hill Music Royalty Fund Limited is pleased to announce that the Company 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 the highly successful British rock group, Supertramp (the “Catalogue”).

Key Highlights
The Catalogue includes:
39 original recordings.
Numerous timeless hits such as "The Logical Song", "Take the Long Way Home", "Breakfast in America", "Goodbye Stranger" and "Give a Little Bit".
100% neighbouring rights income of songs from the catalogue of long-time band members Douglas Thomson, Bob Siebenberg and John Helliwell.

Background to the Catalogue
Supertramp was an English rock band from London, formed in 1969 by Roger Hodgson and Rick Davies, who are distinguished artists and well known for their ability to blend progressive rock and pop styles. Supertramp’s peak was in 1979, following the release of their album “Breakfast in America”, which yielded the international top 10 singles “The Logical Song”, “Breakfast in America”, “Goodbye Stranger” and “Take the Long Way Home”. In 2007 Supertramp’s album sales exceeded 60 million, with the group becoming increasingly popular across North America, Europe, South Africa, Australia and particularly in Canada, where it had No. 1 singles with “The Logical Song” and “Dreamer”.

Catalogue Details
The Catalogue includes Supertramp’s biggest hit "The Logical Song", which became No. 1 in Canada, No. 7 in the UK and No. 6 on the US Billboard chart.
These timeless hits have also featured in multiple TV shows, radio and TV advertisements and in the multiple award-winning film “I, Tonya”.

Disclosure of Financial Detail
Due to commercial sensitivities, the Company is unable to disclose financial details for each acquisition or deal as it occurs. However, on completion of the investment of proceeds from the C Share fundraise of US$86.5 million, together with the remaining undrawn balance of its existing revolving credit facility, the Company will make further financial disclosures.

Trevor Bowen, Chair of Round Hill Music Royalty Fund, commented: “We are delighted to administer the neighbouring rights income from Supertramp’s biggest hits from the Catalogue of these three long-time band members. These are timeless and iconic songs that have huge income generating potential, creating strong returns for Shareholders and adding depth to the progressive pop/rock genre in the Company’s portfolio.”

Josh Gruss, Chairman and CEO of Round Hill, the Company’s investment manager, commented:
“As a rock fan and guitarist myself I am really pleased to announce this latest deal. Supertramp is a globally known band with a vast catalogue of stable income generating songs that multiple generations will recognize and listen to. For example, previously both Amazon and Hershey’s have used ”Give A Little Bit” as the backing music to their television advertisements.”

Supertramp commented: “Three of us from Supertramp — Dougie Thomson, Bob Siebenberg and John Helliwell — of the classic 70s and 80s line up, are pleased to announce that we have come to an agreement with Round Hill for a long-term agreement to administer our future neighbouring rights income."