{"id":95754,"date":"2020-11-30T17:02:26","date_gmt":"2020-11-30T17:02:26","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?post_type=companies&p=95754"},"modified":"2020-11-30T17:02:47","modified_gmt":"2020-11-30T17:02:47","slug":"hipgnosis-songs-fund","status":"publish","type":"companies","link":"https:\/\/www.musicbusinessworldwide.com\/companies\/hipgnosis-songs-fund\/","title":{"rendered":"Hipgnosis Songs Fund"},"content":{"rendered":"

Hipgnosis Songs Fund Ltd. (HSFL) was founded by veteran artist manager Merck Mercuriadis.<\/span><\/p>\n

HSFL is a Guernsey registered investment company established to offer investors a pure-play exposure to songs and associated musical intellectual property rights. <\/span><\/p>\n

The company has raised a total of over \u00a31.05 billion (gross equity capital) through its Initial Public Offering<\/a> on the London Stock Exchange on July 11, 2018, and subsequent issues in April 2019<\/a>, August 2019<\/a>, October 2019<\/a>, July 2020 and September 2020<\/a>.<\/span><\/p>\n

In September 2019, Hipgnosis transferred its entire issued share capital to the Premium listing segment of the Official List of the FCA and to the London Stock Exchange’s Premium segment<\/a> of the Main Market, and in March 2020, became a constituent<\/a> of the FTSE 250 Index.<\/span><\/p>\n

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The company has acquired a number of song catalogs since its IPO in 2018. Most recently, on November 13, 2020 Hipgnosis Songs Fund acquired the catalog of funk legend Rick James<\/a>, including a 50% stake in James\u2019 publishing catalog (across both publisher and writer\u2019s share), as well as a 50% stake of the artist\u2019s recorded music masters. In addition, Hipgnosis acquired a 50% stake in James\u2019 neighboring rights income, collected via SoundExchange.<\/p>\n

On November 2, 2020 Hipgnosis confirmed that it acquired over 33,000 songs \/ cuts in songs from Kobalt Music Copyrights<\/a> S.\u00e0.r.l, for a total consideration of $322.9 million.<\/p>\n

Prior to that, it was announced in October 2020 that L.A Reid had sold<\/a> 100% of the publishing interests and writer\u2019s share of income in his music catalog, comprising 162 songs, to Hipgnosis Songs Fund.<\/p>\n

On September 10 Hipgnosis announced the acquisition of Los Angeles-based Big Deal Music Group,<\/a> bringing 4,400 copyrights into Hipgnosis \u2013 including cuts on hits by the likes of Shawn Mendes, Panic! At The Disco and One Direction.<\/p>\n

The deal also saw Hipgnosis acquire Big Deal Music Group\u2019s US-based publishing admin business, Words & Music.<\/p>\n

On September 8, the UK-based company announced the appointment<\/a> of respected music industry execs Ted Cockle and Amy Thomson.<\/p>\n

Cockle, the former head of Universal\u2019s biggest label in the UK \u2013 Virgin EMI (now EMI Records) \u2013 was named President of Hipgnosis Songs Fund. Joining him was Amy Thomson \u2013 formerly manager of Swedish House Mafia and DJ Snake, and a marketing advisor to Kanye West \u2013 who was named Chief Catalogue Officer at Hipgnosis.<\/p>\n

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Elsewhere, Hipgnosis has acquired stakes in song catalogs created by the likes of Giorgio Tuinfort (David Guetta)<\/a>,\u00a0Teddy Geiger (Shawn Mendes)<\/a>,\u00a0The-Dream (Justin Bieber, Rihanna)<\/a>,\u00a0Poo Bear (Chris Brown, Justin Bieber)<\/a>,\u00a0Itaal Shur (Santana)<\/a>,\u00a0Bernard Edwards (Chic)<\/a>,\u00a0Tricky Stewart (Rihanna, Beyonc\u00e9),\u00a0<\/a>TMS (Jess Glynne, Little Mix),<\/a>\u00a0The Chainsmokers\u00a0<\/a>and\u00a0Benny Blanco<\/a>.<\/p>\n

Hipgnosis has also\u00a0bought up rights to No.1 songs<\/a>\u00a0such as Yeah<\/em> by Usher, Check On It<\/em> by Beyonc\u00e9, We Belong Together<\/em> by Mariah Carey and Be Without You<\/em> by Mary J. Blige, and\u00a0snapped up<\/a>\u00a0a music catalog from American songwriter, producer and singer Brittany Hazzard, aka\u00a0Starrah<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Hipgnosis Songs Fund Ltd. (HSFL) was founded by veteran artist manager Merck Mercuriadis.<\/p>\n","protected":false},"featured_media":74397,"parent":0,"menu_order":0,"template":"","class_list":["post-95754","companies","type-companies","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/95754","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/companies"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/companies\/95754\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/74397"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=95754"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}