Round Hill Music has acquired the back catalog of Canadian songwriter Jim Vallance.
Today’s news follows Round Hill’s announcement in November that it closed its third private fund, Round Hill Music Royalty Fund III, with total equity commitments of $291m.
(Subsequent to that announcement, Round Hill confirmed in mid-December that its separate, UK-listed fund – Round Hill Music Royalty Fund Ltd – had raised an additional $46.1m, enabling it to buy the tranche of copyrights its had earmarked in its initial prospectus.)
Born in British Columbia in 1952, Vallance is perhaps best known as the songwriting partner of fellow Canadian musician Bryan Adams with whom he wrote three platinum-selling albums featuring nine singles which reached the Top 15 on the Billboard Hot 100 between 1978 and 1989.
The pair are still writing together today.
Vallance began his professional career as the original drummer and main songwriter for Canadian rock band Prism.
In addition to Adams, Vallance has written songs for artists including Bonnie Raitt, Aerosmith, Carly Simon, Rod Stewart, Roger Daltrey, Tina Turner, Alice Cooper, Ozzy Osbourne, Europe, Kiss, Scorpions, Anne Murray and Joe Cocker among others.
A selection of his most recognizable songs include, Cuts Like a Knife (Bryan Adams), Heaven (Bryan Adams), Summer of ’69 (Bryan Adams), What About Love (Heart), Ragdoll (Aerosmith) and Don’t Forget Me When I’m Gone (Glass Tiger).
He has won the Canadian music industry Juno award for Composer of the Year four times (a record) and is a Member of the Order of Canada.
“We are honoured that Jim has chosen Round Hill to become the custodians of these great songs.”
Josh Gruss, Round Hill Music
Josh Gruss, Founder and CEO of Round Hill Music, said: “Jim Vallance is a master songwriter whose amazing body of work, which has been written for and recorded by some of the world’s greatest artists speaks for itself.
“We are honoured that Jim has chosen Round Hill to become the custodians of these great songs.”Music Business Worldwide