Following the recent news that Bob Dylan had sold his back catalogue of over 600 songs to Universal Music for $300m, Hipgnosis Songs Fund has acquired an interest in 50% of the back catalogue of Canadian rocker Neil Young for an estimated $150m. Hipgnosis (ticker: SONG) is a listed investment company offering investors exposure to songs and associated intellectual property rights and is now a member of the FTSE 250 Index. The company therefore benefits from the royalty payments generated by songs when they are played on the radio, used in adverts or streamed on services such as Spotify. It has spent over £1bn acquiring the rights to almost 60,000 songs from artists such as Fleetwood Mac, Blondie, Stevie Winwood, 50 Cent and Mariah Carey. The company is aiming to pay a dividend of 5.25p for the year to 31 March 2021 and so with the shares at 121p they would yield 4.3% if this target is met. A very different investment but one which may appeal to song buffs!