“Fast Car” is a rarity in an age of sampling, interpolations and Taylor Swift’s re-recordings. As sole owner of the songwriting and publishing rights, Chapman can pocket all royalties generated from “Fast Car” and other songs in her catalog, less any fees paid to a third party for administration services. But the rights to “Fast Car” reverted to Chapman a few years ago, according to a Sony Music Publishing spokesperson. In 2018, Sony Corporation bought out the remaining 60% of EMI Music Publishing. A consortium of investors led by Sony Music Entertainment acquired EMI Music Publishing in 2012. Citi took control of EMI in 2011 after private equity firm Terra Firma defaulted on its debt from a 2007 acquisition. SBK was acquired by EMI Music Publishing in 1989. Chapman signed a publishing deal with SBK Entertainment prior to signing with Elektra Records in 1987. Tracking the ownership of “Fast Car” is like a brief lesson in the history of major publishing dealmaking of the last four decades. 36 on the Canada All-Format Airplay chart (dated June 10). 5 on the Billboard Canadian Hot 100 chart (dated May 27) and No. 2 on the Canadian Digital Song Sales chart (dated May 6), No. 2 on the Hot Country Songs chart (dated May 6), which combines radio airplay and streams. 6 on the Country Airplay chart (dated June 17) in just its eighth week on the tally and hit No. 2 on the Country Streaming Songs chart (dated April 29). 1 on the Country Digital Song Sales chart (dated June 10) and No. 6 on the Billboard Hot 100 in 1988, and helped her debut album reach triple platinum within a year of its release.Ĭombs’ “Fast Car” peaked at No. 4 on the Billboard Hot 100 (dated June 17), surpassing Chapman’s original which reached No. But in the United States, Combs’ version became the most successful to date by reaching No. “Fast Car,” the first single for Chapman’s eponymous debut album, has been covered by the likes of Sam Smith, Khalid, Black Pumas and English producer Jonas Blue, whose dance version reached No. Google searches for the singer almost tripled from the weeks ended March 18 to June 3, according to Google Trends. (Warner Music Group’s Elektra Records, not Chapman, owns the recorded music rights.) Interest in Chapman herself appears to have increased, too: U.S. recorded revenues of about $54,000, with $13,000 coming from publishing royalties, Billboard estimates. Weekly consumption - measured by track sales and streaming converted into equivalent track units - increased 44% since Combs’ version was released, while average weekly radio spins improved about 11%. What’s more, Combs’ success with “Fast Car” has also given Chapman’s original recording a boost. Snoop Dogg Defers His Songwriters Hall of Fame Induction Until 2024 The United States accounts for more than three quarters of the song’s global consumption - a high ratio not atypical for a country artist. The track has also been purchased 86,000 times, while the album on which it appears, Combs’ Gettin’ Old, has been purchased 68,000 times in both digital and physical formats. During that period, “Fast Car” also had 6 million video streams and 28 million programmed audio streams in the United States. on-demand audio streams from services such as Spotify and Apple Music from March 17 to June 8, according to Luminate. Most of the royalties have come from 154 million U.S. Chapman alone is pocketing a sizable portion of that total. Billboard estimates that Combs’ version has generated about $500,000 in publishing royalties globally from its March 17 debut through June 8. The surprise success of Combs’ cover has been a minor windfall for Chapman, the sole songwriter of the 1988 hit from her breakthrough debut album. Luke Combs has driven his “Fast Car” to the top five of the Billboard Hot 100 – and Tracy Chapman is riding shotgun.
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