Classic songs by Vera Lynn and Glenn Miller snapped up as ‘Dad’s Army’ generation discovers music streaming
The rights to rare recordings of songs by artists including Vera Lynn, Glenn Miller and Cole Porter have been snapped by an AIM-listed firm.
One Media IP now has a catalogue of 2,000 tunes by 70 greats, who also include Count Basie and The Andrews Sisters.
Concerts and live recordings by artists, who are being rediscovered by global audiences also feature.
Classic hits: One Media IP has snapped up the rights to rare recordings of songs by artists including Vera Lynn (pictured), Glenn Miller and Cole Porter
Music streaming has soared since the world first went into Covid lockdowns last year and people were forced to stay at home – and companies with song rights are profiting.
People who are over 60 – in what One Media described as the ‘Dad’s Army’ generation – are estimated to make up 29 per cent of streaming listeners.
Music licensing business models have boomed.
One Media, whose songs are on platforms like Spotify and Amazon and are used in films and TV, bought the royalties from 21 Vision for an undisclosedsum.
Its stock rose 1.3 per cent, to 7.6p.