Dutch firm to collect income on 'Astronaut.'
Fintage Music has struck a publishing administration deal with Duran Duran. Through the pact, the Leiden, Netherlands-based financial services firm will collect publishing income for the British band's 2004 release "Astronaut" on a global basis, excluding the United States.
"The current agreement just covers 'Astronaut' but of course we hope to build on this in the future," comments Neils Teves, managing director of Fintage Music.
Teves brokered the deal with David Ravden, director of Duran Duran's business management firm Martin Greene Ravden.
In a statement, founding band member and keyboardist Nick Rhodes says, "We were looking for a company that could offer us a more boutique service than one of the majors, but needed someone with a global reach, as our income streams are spread around the world."
The recently-reunited band released "Astronaut" through Epic late last year, marking the original line-up's first studio album since 1983's "Seven and the Ragged Tiger" (EMI). "Astronaut" opened at No. 4 on Billboard's European Top 100 Albums chart last October after arriving at No. 3 in the United Kingdom. In the United States, the disc opened at No. 17 on The Billboard 200.
An extensive tour of Europe and Asia kicks off May 20 in Barcelona in support of the album.
Fintage Music is a division of Fintage House, which was established in 1986 to deliver financial solutions to the entertainment industries. Its music publishing administration clients include Fountains of Wayne, RW Music, Mutual Films, and CBS Television.