Lorde makes king’s ransom in royalty deal

AFP
WELLINGTON-Chart-topping New Zealand teenager Lorde has landed a multi-million dollar contract for the rights to her songs, it has been reported. The Auckland singer-songwriter, who turned 17 last week, signed with boutique music publisher Songs Music in a deal believed to be worth around US$4 million after a fierce bidding war involving major labels, the Wall Street Journal said. It said the size of the sum is remarkable because Lorde, whose hit ‘Royals’ has spent six weeks at number one in the US charts, co-writes most of her songs with collaborator Joel Little, meaning she owns only 50 percent of the copyright for the compositions.
Lorde’s manager Tim Youngson said the singer, whose real name is Ella Yelich O’Connor, opted for New York-based Songs Music for creative, not commercial reasons. ‘Even before signing her they were bringing her options for collaborations and introducing her to other songwriters,’ he told the newspaper. ‘The decision wasn’t made on money.’

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