German company pays €14m for rights to Katrina and the Waves music
Published 06/08/2015 | 15:40
Hugh Grant's character in About a Boy lives off the licencing fees accrued every year from a catchy Christmas tune written by his dad.
Indeed, there are millions to be made from songs like 'White Christmas' and 'Happy Birthday', and a German company now hopes to rake in the cash from music written by Katrina and the Waves songwriter Kimberley Rew.
The Financial Times reports that BMG paid £10 million for the rights to every song written by Rew, which includes hits like 'Walking on Sunshine' from 1985, and 'Love Shines a Light', which won the 1997 Eurovision Song Contest.
However, it is 'Walking on Sunshine' which bags the most cash for the group, an estimated $1m a year. It hit number 8 in the UK and number 9 in the US but has, in its 30 years, been used regularly in ads, on TV, and in movies.
You might remember it in American Psycho?