Hipgnosis Songs Fund Limited Acquisition of Music Catalogue (2214A)
May 28 2019 - 2:01AM
UK Regulatory
TIDMSONG
RNS Number : 2214A
Hipgnosis Songs Fund Limited
28 May 2019
28 May 2019
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Acquisition of Music Catalogue
The Board of Hipgnosis Songs Fund Limited and its Investment
Adviser, The Family (Music) Limited, are pleased to announce that
the Company has acquired a music catalogue from Ari Levine, a
multi-Grammy nominated songwriter and producer, best known for his
work as a member of the three-piece writing and producing group The
Smeezingtons (whose members also include Bruno Mars and Philip
Lawrence).
Ari Levine has achieved 99 Number 1, 256 Top 5 and 361 Top 10
Chart positions globally with numerous artists including Bruno
Mars, Ce Lo Green, Diplo and Mark Ronson.
Ari has written multiple Top 10 hits, including 'F**k You' by
Cee Lo Green, 'Just The Way You Are', 'Grenade', 'When I Was You
Man' and 'Locked Out of Heaven' by Bruno Mars, 'Billionaire' by
Travie McCoy, 'Nothin' On You' by B.o.B. and 'One Day' by
Matisyahu.
For Ari and The Smeezingtons, critical acclaim has come
hand-in-hand with commercial success. Whilst Ari has won numerous
ASCAP Awards, The Smeezingtons have also been nominated twice for
the 'Producer of the Year' Grammy Award, and 'Locked Out Of
Heaven', by Bruno Mars, was nominated for both 'Record of the Year'
and 'Song of the Year' at the 2014 Grammy Awards.
The Company has acquired 100% of Ari Levine's copyright
ownership in his catalogue, which comprises 76 songs in total,
including 100% of his writer share of performance income collected
and distributed by the Performance Rights Organization GMR (Global
Music Rights).
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Ari is one of the most important writers and producers of the
new pop era. Having co-written and produced the entirety of the
seminal first two Bruno Mars albums, which include 4 Number 1
singles in 'Just The Way You Are', 'Grenade', 'Locked Out Of
Heaven' and 'When I Was Your Man', as well as the Number 1 single
'F**k You' for Cee Lo Green, Ari's work has resulted in some of the
most highly regarded and enduring songs of the last 10 years. He
has everyone's respect and I'm delighted to welcome him to the
Hipgnosis family."
Ari Levine said:
"I couldn't be happier with a better home for my catalogue.
Merck and Hipgnosis are the right executive and company team to
look after my musical legacy. I'm proud to have my catalogue in
their hands and I'm confident in their ability to grow its value
and influence in the upcoming decades."
Josh Levine said:
"After searching high and low for the right partner, it's
refreshing to find a company like Hipgnosis that not only says what
they are going to do but actually follows through with it. I'm
excited to have Merck looking over Ari's catalogue and I'm sure he
will care for it like I have over these past 10 years."
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
NOTES TO EDITORS
About Hipgnosis Songs Fund Limited
(www.hipgnosissongs.com)
Hipgnosis, which was founded by Merck Mercuriadis, is a Guernsey
registered investment company established to offer investors a
pure-play exposure to songs and associated musical intellectual
property rights. In its Initial Public Offering on the Specialist
Fund Segment of the London Stock Exchange's main market on 11 July
2018, the Company raised approximately GBP200m gross equity
capital. In its Subsequent Placing under its Placing Programme on
12 April 2019, the Company raised approximately GBP140m of further
equity capital.
About The Family (Music) Limited
The Company's Investment Adviser is The Family (Music) Limited,
which was founded by Merck Mercuriadis, former manager of globally
successful recording artists, such as Elton John, Guns N' Roses,
Morrissey, Iron Maiden and Beyoncé, and hit songwriters such as
Diane Warren, Justin Tranter and The-Dream, and former CEO of The
Sanctuary Group plc. The Investment Adviser has assembled an
Advisory Board of highly successful music industry experts which
include award winning members of the artist, songwriter,
publishing, legal, financial, recorded music and music management
communities, all with in-depth knowledge of music publishing.
Members of The Family (Music) Limited Advisory Board include Nile
Rodgers, The-Dream, Giorgio Tuinfort, Starrah, Nick Jarjour, Bill
Leibowitz, Ian Montone, Jason Flom and David A. Stewart.
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END
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