Songwriter and producer Ian Levine has sold his rights to a string of early hits by Take That including A Million Love Songs, Could It Be Magic and I Found Heaven. 

The deal with One Media iP Group covers Levine's producer royalties to tracks from the pop group's 1992 debut album Take That & Party.

Also included in the deal are two recorded Take That tracks which have never been released.

One Media iP Group did not disclose how much it paid for the rights, but said the acquisition was "for a modest consideration".

Levine is the latest figure from the music industry to sell their rights to music publishers intent on securing a share of revenue in the streaming era.

Recent months have seen Mick Fleetwood sell interests in his Fleetwood Mac back catalogue to BMG and music fund Hipgnosis Songs snap up the rights to music by Neil Young, Blondie singer Debbie Harry and Mark Ronson among others.

In December, Universal Music Group announced it had acquired Bob Dylan's entire back catalogue in a deal reported to be worth hundreds of millions of dollars.

Levine's deal means One Media iP Group will now collect a fee every time one of those songs is streamed, played on the radio or used in a film or video game.

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