ANOTHER ALICE IN CHAINS DEAL

Another day, another Alice in Chains announcement: Round Hill Music has acquired the band’s publishing, recording and neighboring rights for 94 compositions and 159 cuts.

“Alice In Chains represents an extremely compelling addition to the Company’s existing holdings and increases our stature in a genre in which we are building an established reputation for sourcing extremely prominent acquisitions of enduring importance for the benefit of our shareholders,” said Round Hill Music Royalty Fund Chair Trevor Bowen.

The deal follows Monday’s announcement of Primary Wave’s deal with the estates of Layne Staley and Mike Starr.

Round Hill did not disclose the amount paid for the catalog but noted the breakdown of revenue over the last three years: 53% is earned from masters; 38% comes from publishing sources; and 9% is neighboring rights income. Three-quarters of the revenue is from the U.S.