Hipgnosis Songs Fund Limited Acquisition of Music Catalogue (8902B)
June 12 2019 - 2:00AM
UK Regulatory
TIDMSONG
RNS Number : 8902B
Hipgnosis Songs Fund Limited
12 June 2019
12 June 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 Sam Hollander, an
American songwriter and producer whose songs have achieved 10
Number 1, 47 Top 5 and 74 Top 10 Chart positions globally.
Sam Hollander has co-written multi-platinum certified hit songs
for Fitz and the Tantrums, One Direction, Katy Perry, Blink-182,
Weezer, Train, Metro Station, Boys Like Girls, Daughtry and Olly
Murs. However, at the heart of his catalogue are 14 songs that Sam
has written with his long-standing collaborators in Panic! At The
Disco, including 9 songs on their US Number 1 and double platinum
certified album 'Pray for the Wicked'. These are led by the
multi-platinum certified single 'High Hopes' which is now the
all-time longest-running Number 1 song on Billboard's Hot Rock
Songs chart having just completed its 32nd week at Number 1. The
song has sold almost 5 million copies, has been streamed more than
1 billion times across all platforms and has made it to the Top 10
in more than 30 countries around the world.
Sam Hollander has co-written songs such as 'Say Amen (Saturday
Night)', 'Look Ma' and 'Emperor's New Clothes' by Panic! At The
Disco, 'HandClap' by Fitz & The Tantrums, 'Rock Me' by One
Direction, 'Cupid's Chokehold' by Gym Class Heroes, 'Marry Me' by
Train, 'Shake Me' by Metro Station and many others which are all
multi-platinum.
Hipgnosis has acquired 100% of Sam Hollander's interest
including ASCAP (American Society of Composers, Authors and
Publishers) income in his catalogue which comprises of 499
songs.
Sam Hollander was advised by Jonathan Ain at Kleinberg, Kaplan,
Wolff & Cohen, P.C. and Lisa Socransky Austin at Law Office of
Lisa Socransky Austin.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Sam Hollander has a hot hand. His numerous collaborations with
Panic! At The Disco have been ruling the airwaves for almost 5
years now and setting new standards of success. From Panic! to One
Direction and Fitz and The Tantrums he always helps to deliver the
crossover hit that every band wants and needs. Nile and I are
delighted to welcome Sam to the Hipgnosis family!"
Sam Hollander said:
"When I began the process of selling my catalogue to Hipgnosis,
it felt like I was joining the 1927 Yankees. The legends Merck,
Nile (my old friend / hero) and their incredible team have a
forward thinking game plan that is both bold and exciting. It's
such an honor to know that my songbook will play on, alongside some
very esteemed company in the hands of these champs."
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, David
Stewart, Bill Leibowitz, Ian Montone, and Jason Flom.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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