{"id":53457,"date":"2018-11-28T11:45:20","date_gmt":"2018-11-28T11:45:20","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=53457"},"modified":"2018-11-28T11:48:54","modified_gmt":"2018-11-28T11:48:54","slug":"hipgnosis-songs-fund-buys-37-5-stake-in-the-music-catalog-of-chic-co-founder-bernard-edwards","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/hipgnosis-songs-fund-buys-37-5-stake-in-the-music-catalog-of-chic-co-founder-bernard-edwards\/","title":{"rendered":"Hipgnosis Songs Fund buys 37.5% stake in the music catalog of Chic co-founder Bernard Edwards"},"content":{"rendered":"<p>Hipgnosis Songs Fund has acquired a 37.5% interest in the Bernard Edwards music catalog.<\/p>\n<p>Edwards is best known for his partnership with Nile Rodgers, together founding Chic in 1976 and co-writing No.1 songs for bands and artists including Chic, Sister Sledge and Diana Ross.<\/p>\n<p>Nile Rodgers is a member of The Family (Music) Limited\u2019s Advisory Board and continues to promote and perform numerous songs within the catalog.<\/p>\n      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__tweeny hidden-xs hidden-ms hidden-sm\" data-loaded=\"no\" data-sizes=\"992 1200 1440\" data-name=\"628x90 Sponsor banner #5 (992+1200+1440)\" data-params=\"dfp_sponsor5_628\" id=\"dfp_sponsor5_628\"><\/div>      <div class=\"mb-advert mb-advert__banner mb-advert__banner--inline hidden-xs hidden-sm hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"480\" data-name=\"468x60 Sponsor banner #5 (480)\" data-params=\"dfp_sponsor5_468\" id=\"dfp_sponsor5_468\"><\/div>      <div class=\"mb-advert mb-advert__mobile mb-advert__mobile--inline hidden-ms hidden-md hidden-lg\" data-loaded=\"no\" data-sizes=\"320 768\" data-name=\"300x50 Sponsor banner #5 (320+768)\" data-params=\"dfp_sponsor5_300\" id=\"dfp_sponsor5_300\"><\/div>      <\/div>      \n<p>The catalog comprises 290 songs including Dance, Dance, Dance (Yowsah, Yowsah, Yowsah), Everybody Dance, Le Freak, I Want Your Love, Good Times, My Forbidden Lover, He&#8217;s The Greatest Dancer, We Are Family, Lost in Music, Thinking of You, Frankie, Upside Down and I\u2019m Coming Out.<\/p>\n<p>Many of the songs have been extensively sampled, remixed or reissued leading to more recent hits that are a part of the catalog, including Rapper\u2019s Delight and songs by the Beastie Boys, LL Cool J, Puff Daddy and Justin Timberlake.<\/p>\n<p>Merck Mercuriadis, Founder of The Family (Music) Limited and Hipgnosis Songs Fund Limited, said: \u201cBernard and Nile together created one of the most iconic catalogs of all time from Le Freak, which is the biggest selling single in the history of Atlantic Records, to Good Times which is arguably the most interpolated and sampled song of all time.<\/p>\n<p>&#8220;From Everybody Dance to I\u2019m Coming Out and Upside Down to We Are Family their songs are classics and, to anyone who knows hits, the brand of Rodgers and Edwards is as meaningful as Rodgers and Hammerstein, Leiber and Stoller, Jagger and Richards or Lennon and McCartney.<\/p>\n<p>&#8220;Importantly their songs have earned as much from the many songs derived from them, such as the No.1 songs Rapper\u2019s Delight, Gettin&#8217; Jiggy With It and Lady, as they have from the original works.<\/p>\n<p>&#8220;It&#8217;s a privilege for Nile and I to now be the custodians to this important piece of their legacy.\u201d<\/p>\n<blockquote><p>&#8220;The brand of Rodgers and Edwards is as meaningful as Rodgers and Hammerstein, Leiber and Stoller, Jagger and Richards or Lennon and McCartney.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Merck Mercuriadis<\/span><\/p><\/blockquote>\n<p>Nile Rodgers added: \u201cThere will never be another Bernard Edwards. I have the time of my life playing these amazing songs we created together every day, but I will never be able to replace him and the special chemistry we had.<\/p>\n<p>&#8220;Happily, that magic lives on in these wonderful songs that we get so much joy from everyday.\u201d<\/p>\n<p>Hipgnosis <a href=\"https:\/\/www.musicbusinessworldwide.com\/merck-mercuriadis-fund-buys-100-of-poo-bear-catalog-for-undisclosed-sum\/\">also made another acquisition this month<\/a>, in the form of 100% of\u00a0the music catalog of US songwriter and producer Jason Boyd, AKA Poo Bear.<\/p>\n<p>Set up by\u00a0Merck Mercuriadis, the former manager of Elton John, Guns N\u2019 Roses, Morrissey, Iron Maiden and Beyonc\u00e9, Hipgnosis IPO\u2019d on the London Stock exchange earlier this year and has\u00a0<a href=\"https:\/\/www.musicbusinessworldwide.com\/merck-mercuriadis-fund-successfully-raises-260m-to-buy-song-copyrights\/\" target=\"_blank\" rel=\"noopener\">raised over \u00a3200m ($262m) with which to acquire copyrights.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The catalog includes 290 songs including Dance, Dance, Dance, Everybody Dance and Le Freak<\/p>\n","protected":false},"author":15,"featured_media":53462,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[5429,5402,4002,1534],"class_list":["post-53457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-chic","tag-hipgnosis-songs-fund","tag-merck-mercuriadis","tag-nile-rodgers"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/53457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=53457"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/53457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/53462"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=53457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=53457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=53457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}