Church of England co-owns Beyonce, Justin Timberlake songs

The subsequent time the Church of England asks for a donation, Brits ought to simply pull out their telephones and play Justin Timberlake’s “SexyBack.”

File this below “Who Knew?”: The staid Church of England is a co-owner of Beyoncé’s “Single Girls,” Rihanna’s “Umbrella” and Justin Timberlake’s “SexyBack.”

The Church — whose head is the notoriously unhip Queen of England — has been bolstering its coffers by investing in corporations like Hipgnosis, which, according to the BBC, has been shopping for up rights to mega songs for the previous three years.

The corporate spent over $1 billion gobbling up rights to music that additionally consists of LA Reid’s tune catalog (which has shares in Boyz II Males’s “Finish Of The Highway”, Whitney Houston’s “I’m Your Child Tonight” and Bobby Brown’s “Don’t Be Merciless”), in addition to music by Blondie, Barry Manilow and Mark Ronson.

Hipgnosis founder Merck Mercuriadis
Hipgnosis founder Merck MercuriadisMatt Winkelmeyer/Getty Photos for SXSW

Hipgnosis founder Merck Mercuriadis claims the music he’s purchased is “extra precious than gold or oil” as “ their income isn’t affected by fluctuations within the financial system” he tells the BBC.

“These nice, confirmed songs are very predictable and dependable of their earnings streams. … For those who take a tune just like the Eurythmics’ ‘Candy Goals’ or Bon Jovi’s ‘Livin’ On A Prayer,’ you’re speaking three to 4 many years of dependable earnings. … If persons are residing their greatest lives, they’re doing it to a soundtrack of songs. However equally, in the event that they’re experiencing the kind of challenges we’ve skilled during the last six months, they’re taking consolation and escaping in nice songs.”

And each time somebody performs these beloved songs, buyers in Hipgnosis, just like the Church of England, profit financially.

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