Friday 9 December 2016

German company pays €14m for rights to Katrina and the Waves music

Published 06/08/2015 | 15:40

UNSPECIFIED - CIRCA 1986: Photo of Katrina and the Waves (Photo by Michael Ochs Archives/Getty Images)
UNSPECIFIED - CIRCA 1986: Photo of Katrina and the Waves (Photo by Michael Ochs Archives/Getty Images)

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.

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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? 

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