{"id":94718,"date":"2020-11-13T07:30:02","date_gmt":"2020-11-13T07:30:02","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=94718"},"modified":"2020-11-13T07:30:02","modified_gmt":"2020-11-13T07:30:02","slug":"hipgnosis-buys-50-stake-in-rick-james-catalog-including-master-rights","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/hipgnosis-buys-50-stake-in-rick-james-catalog-including-master-rights\/","title":{"rendered":"Hipgnosis buys 50% stake in Rick James catalog, including master rights"},"content":{"rendered":"<p>Hipgnosis Songs Fund has made another big acquisition \u2013 the catalog of funk legend Rick James.<\/p>\n<p>The deal not only includes a 50% stake in James&#8217; publishing catalog (across both publisher and writer&#8217;s share), but also a 50% stake of the artist&#8217;s recorded music masters.<\/p>\n<p>In addition, Hipgnosis has acquired a 50% stake in James&#8217; neighboring rights income, collected via SoundExchange.<\/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 97 songs, including James&#8217; best-known, platinum-certified album <em>Street Songs<\/em> which spent 78 weeks on the US R&amp;B chart, including 20 weeks at No.1.<\/p>\n<p>That album contains James&#8217; biggest hit, Super Freak, which has more than 100 million streams on Spotify and was sampled for MC Hammer&#8217;s global smash <em>U Can&#8217;t Touch This<\/em>.<\/p>\n<p>It also contained <span style=\"font-weight: 400;\"><em>Give It to Me<\/em>, which spent five weeks at No. 1 on the US R&amp;B Billboard chart and has been streamed over 46 million times on Spotify. <\/span><\/p>\n<p>Rick James is amongst the most sampled and interpolated artists of all time whose work has been re-born via new songs and recordings by Kendrick Lamar, Lana Del Ray, ASAP Rocky, Jay Z and many more.<\/p>\n<p>The catalog was acquired using proceeds from the Hipgnosis C Share fundraising in July, <a href=\"https:\/\/www.musicbusinessworldwide.com\/hipgnosis-now-has-another-300m-to-spend-thanks-to-its-biggest-fundraise-yet\/\" target=\"_blank\" rel=\"noopener noreferrer\">when it raised $300m.<\/a><\/p>\n      <div class=\"mb-advert__incontent\">      <div class=\"mb-advert mb-advert__spu\" data-loaded=\"no\" data-name=\"300x250 Sponsor MPU #1\" data-params=\"dfp_spu1\" id=\"dfp_spu1\"><\/div>      <\/div>      \n<p>Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, said: \u201cRick James was a true innovator. His \u201cPunk Funk\u201d philosophy and style paved the way and influenced everyone from Prince to Michael Jackson to Jay Z and the biggest names in hip hop.<\/p>\n<p>&#8220;All the while he was an incredible songwriter, producer, arranger, performer and artist making iconic songs like \u2018Super Freak\u2019 and \u2018Give It to Me Baby\u2019. He\u2019s one of the most sampled and interpolated creators of all time whose works have been turned into huge successes by MC Hammer, Lana Del Ray and Kendrick Lamar just to name a few.<\/p>\n<p>&#8220;We are delighted to welcome his iconic work to the Hipgnosis Family and look forward to working closely with his daughter Ty James and his estate to ensure his legacy shines.\u201d<\/p>\n<blockquote><figure class=\"mbw-articlepic mbw-articlepic--right\"><a class=\"link-internal\" href=\"https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-scaled.jpg\" target=\"_blank\" rel=\"noopener\"><\/a><a href=\"https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-scaled.jpg\" data-lightbox=\"image-set\" data-title=\"\"><img  class=\"lazyload\" src=\"https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-80x45.jpg\" data-srcset=\"https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-80x45.jpg 80w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-160x90.jpg 160w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-320x180.jpg 320w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-418x235.jpg 418w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-648x365.jpg 648w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-836x470.jpg 836w, https:\/\/www.musicbusinessworldwide.com\/files\/2018\/11\/Merck-Mercuriadis-e1544184839937-1296x729.jpg 1296w\" data-sizes=\"auto\"><i class=\"fas fa-search-plus magnifying-glass-icon\"><\/i><\/a><\/figure><p>&#8220;Rick James&#8217; &#8216;Punk Funk&#8217; philosophy and style paved the way and influenced everyone from Prince to Michael Jackson to Jay Z and the biggest names in hip-hop.&#8221;<\/p>\n<p><span style=\"color: #000000;\">Merck Mercuriadis, Hipgnosis<\/span><\/p><\/blockquote>\n<p>Ty James said: \u201cWe are excited about our new venture with Hipgnosis, and pleased to establish this epic partnership with a company that truly appreciates the dynamic diversity of my Dad\u2019s music. Music that transcends through decades.<\/p>\n<p>&#8220;Our goal is for my Dad\u2019s music to not only live, but to stay forever young and in the hearts of our families, friends, fans. We are elated for what\u2019s to come from the union of our powerful musical entities working together. More greatness to come.\u201d<\/p>\n<p>Rick James initially found success in 1977 after forming The Stone City Band with their debut album Come Get It! reaching No. 3 of the US R&amp;B albums chart. <em>Come Get It!<\/em> featured two hit singles with <em>You and I<\/em> reaching No. 1 on the US R&amp;B Billboard, and <em>Mary Jane<\/em> reaching Number 5 on the US R&amp;B Billboard and having been streamed on Spotify over 40 million times.<\/p>\n<p>Rick James was also known for his soulful ballads including <em>Fire &amp; Desire<\/em>, a duet with singer Teena Marie.<\/p>\n<p>In addition to singing and songwriting, Rick James had a successful career as a producer; working on hits including Eddie Murphy\u2019s <em>Party All the Time,<\/em> The Temptations\u2019 <em>Standing on the Top<\/em>, and with R&amp;B, soul and funk group, Mary Jane Girls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Deal includes 50% of writer&#8217;s and publisher share in James&#8217; catalog<\/p>\n","protected":false},"author":3,"featured_media":94719,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[4908,4002,128876],"class_list":["post-94718","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-hipgnosis","tag-merck-mercuriadis","tag-rick-james"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/94718","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=94718"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/94718\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/94719"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=94718"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=94718"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=94718"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}