{"id":68759,"date":"2019-08-20T07:42:36","date_gmt":"2019-08-20T06:42:36","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=68759"},"modified":"2019-08-20T07:47:41","modified_gmt":"2019-08-20T06:47:41","slug":"merck-mercuriadiss-hipgnosis-songs-buys-the-chainsmokers-catalog","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/merck-mercuriadiss-hipgnosis-songs-buys-the-chainsmokers-catalog\/","title":{"rendered":"Merck Mercuriadis’s Hipgnosis Songs buys The Chainsmokers catalog"},"content":{"rendered":"

Hipgnosis Songs Fund Limited has splashed the cash again.<\/p>\n

This time, the publicly traded UK-based company has acquired both writer and publishing rights in the catalog of The Chainsmokers, the artist and producer duo made up of Alex Pall and Andrew Taggart, for an undisclosed fee.<\/p>\n

Hipgnosis, led by industry veteran Merck Mercuriadis, has purchased 100% of the Chainsmokers\u2019 interest including ASCAP (American Society of Composers, Authors and Publishers) income in their catalog, which comprises 32 Chainsmokers\u2019 songs as well as 10 additional songs written by Andrew Taggart.<\/p>\n

These additional Taggart-written songs include \u201c1-800-273-8255\u201d by Logic featuring Alessia Cara and Khalid which reached number 3 on the US Billboard Hot 100 and was nominated for \u2018Song of the Year\u2019 at the 2018 Grammy Awards.<\/p>\n

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The Chainsmokers are the 14th most streamed artist globally on Spotify with 41 million monthly listeners.<\/p>\n

The Chainsmokers were represented in the deal by manager Adam Alpert and attorney Jaimie Roberts.<\/p>\n

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“The Chainsmokers are the highest paid duo in the world not only because they know how to spin records better than anyone else but because they have created amongst the very biggest hits in the world for the dance and pop community over the last seven years.”<\/p>\n

Merck Mercuriadis<\/span><\/p><\/blockquote>\n

Merck Mercuriadis, Founder of The Family (Music) Limited and Hipgnosis Songs Fund Limited, said: \u201cThe Chainsmokers are the highest paid duo in the world not only because they know how to spin records better than anyone else but because they have created amongst the very biggest hits in the world for the dance and pop community over the last seven years.<\/p>\n

“This is a set of songs that people can\u2019t stop playing and that will define the lives of so many people that have grown up in the 2010\u2019s. It\u2019s my pleasure to welcome Alex, Drew and Adam to the Hipgnosis Family!\u201d<\/p>\n

In total, the songs in the catalog acquired by Hipgnosis have been certified 20x Platinum and 2x Gold by the Recording Industry Association of America (RIAA) and 9x Platinum and 2x Silver by the British Phonographic Industry (BPI)<\/p>\n

In the past five years, The Chainsmokers have racked up 55 No. 1 and 245 Top 10 Chart positions globally as well as winning \u2018Best Dance Recording\u2019 at the 2017 Grammy Awards, two American Music Awards, seven Billboard Music Awards, and nine iHeart Radio Music Awards.<\/p>\n

Their 2016 Grammy Award winning \u2018Don\u2019t Let Me Down\u2019 featuring Daya, which reached No. 1 on the US Hot Dance\/Electronic Songs, is certified 6x Platinum in the US and has been streamed over 1.2 billion times.<\/p>\n

Their hit single \u2018Closer\u2019 featuring Halsey, reached No. 1 on the US Billboard Hot 100, where it stayed for 12 weeks, and went to Number 1 on over 30 Charts worldwide. As well as winning the \u2018Top 100 Hot Song\u2019, \u2018Top Collaboration\u2019 and \u2018Top Dance\/Electronic Song\u2019 at the 2017 Billboard Music Awards; \u2018Dance Song of the Year\u2019 at the 2017 iHeart Radio Music Awards; and being nominated for the Best Pop Duo\/Group Performance at the 2017 Grammy Awards, \u2018Closer\u2019 has been streamed 1.6 billion times as well as being certified Diamond in the US.<\/p>\n

Their other hit singles include: \u2018Roses\u2019; \u2018Until You Were Gone\u2019; \u2018Inside Out\u2019; \u2018All We Know\u2019; \u2018Setting Fires\u2019; \u2018Paris\u2019; \u2018Something Just Like This\u2019; \u2018The One\u2019; \u2018Honest\u2019; \u2018Young\u2019; \u2018Sick Boy\u2019; \u2018You Owe Me\u2019; \u2018Everybody Hates Me\u2019; and \u2018Somebody\u2019.<\/p>\n

The upcoming tour, \u2018World War Joy Tour\u2019, will run from September through November 2019 and is expected to feature all of the hits being purchased within this acquisition.<\/p>\n

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Earlier this month, Hipgnosis acquired the catalog<\/a> of US-based hitmaker Benny Blanco.<\/p>\n

In April, Hipgnosis\u00a0raised additional funds of $185m<\/a>\u00a0with which to buy rights in the songwriter\/publishing marketplace.<\/p>\n

Hipgnosis, which was founded by veteran artist manager Merck Mercuriadis (pictured with client Nile Rodgers) acquired 12 catalogs in the period between June 8, 2018 and end of March 2019 for a total of approximately \u00a3120m ($153m):\u00a0The-Dream, Poo Bear, TMS, Tricky Stewart, Giorgio Tuinfort, Bernard Edwards, Itaal Shur, Rico Love, Sean Garrett, Johnta Austin, Ari Levine and Sam Hollander.<\/p>\n

The firm recently told its investors<\/a>: \u201cWe now have a pipeline of catalogs with an aggregate value in excess of \u00a31 billion.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Hipgnosis Songs Fund Limited has splashed the cash again. This time, the publicly traded UK-based company has acquired both writer and publishing rights in the catalog of The Chainsmokers, the artist and producer duo made up of Alex Pall and Andrew Taggart, for an undisclosed fee. Hipgnosis, led by industry veteran Merck Mercuriadis, has purchased … Continued<\/a><\/p>\n","protected":false},"author":3,"featured_media":32860,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[85770],"class_list":["post-68759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-the-chainsmokers"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/68759","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\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=68759"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/68759\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/32860"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=68759"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=68759"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=68759"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}