Tom DeLonge Just Sold His Copyright Shares in Blink-182 Songs
The alien-hunting punk rocker has sold his songs to a company called Hipgnosis
Published Jan 08, 2020It's well-established that Tom DeLonge quit Blink-182 to hunt aliens and, well, angels, but we've all assumed that he'll eventually make his way back to Mark and Travis. Even if he does at this point, the stakes will be significantly lower, as DeLonge has just sold his shares in the band's music.
According to Billboard, DeLonge has just sold 100 percent of his copyright interests in 157 songs, including all of his material with both Blink-182 and Angels & Airwaves, to the music IP investment company Hipgnosis Songs.
"The influence of Blink-182 on today's artists is massive," Hipgnosis founder Merck Mercuriadis said in a statement. "If you're under 27 years old and making music they are a seminal band. They had angst, they had energy, they had humour but most importantly they had incredible songs and Tom is at the core of that."
DeLonge said, "It is an honour to have been playing music for so many years and to be in a position to partner with the great team at Hipgnosis to support my work," adding that this is "a perfect opportunity for me to not only celebrate my past, but to also give me the foundation to create more music for many decades to come."
The details of the terms were not disclosed, but it's likely that Hipgnosis paid a pretty penny for the songs. Since its inception, the company has spent a total of $664 million USD on 42 catalogues, building a portfolio of 11,225 songs.