TIDMSONG
RNS Number : 2791W
Hipgnosis Songs Fund Limited
10 December 2019
10 December 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 by the English indie
band, the Kaiser Chiefs from B-Unique.
The Kaiser Chiefs' 2005 debut album 'Employment', which won the
Ivor Novello Award for "Best Album", is certified 6x platinum in
the UK and includes the platinum certified 'I Predict a Riot', 'Oh
My God' which reached the Top 10 on the UK Singles Chart and the UK
Top 10 'Everyday I Love You Less and Less'. With 'Employment' the
Kaiser Chiefs won three Brit Awards in 2006, an NME Award for "Best
Album" and were shortlisted for the Mercury Prize.
The Band's second album 'Yours Truly Angry Mob' released in 2007
reached Number 1 in the UK Album Charts and is certified as 2x
platinum in the UK and included the UK Number 1 and platinum
certified lead single 'Ruby'.
The Catalogue also includes the UK Top 5 single 'Never Miss a
Beat' off the Band's 2008 Number 2 album 'Off With Their
Heads'.
The Catalogue consists of 100% of the worldwide ownership of the
master rights to the Kaiser Chiefs' first four studio albums,
'Employment', 'Yours Truly, Angry Mob', 'Off With Their Heads' and
The Future is Medieval', as well as their greatest hits album
'Souvenir' and their live audiovisual release 'Live at Elland
Road'. This Catalogue will be allocated to the C Shares.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"The Kaiser Chiefs have been one of the most successful English
bands of the last 15 years and it's no secret that it's down to
great songs, great albums and a terrific live show. They follow the
very English tradition of The Who and Madness and incredible hits
like I Predict a Riot and Ruby just get better with time. I'm
delighted that Mark, Martin, James, Nick, Ricky and the band have
entrusted us with this special catalogue."
Mark Lewis & Martin Toher of B-Unique said:
"We are delighted to be part of the Hipgnosis story, Merck
managed the first band signed to B-unique, we know he is a proper
music man. This deal will allow us to continue working with the
Kaisers and James to keep this great catalogue growing.
Martin and I shared such a commonality with the band, we both
had a real underdog spirit and the fact that they are still having
top 3 albums and selling more tickets than ever is a testament to
their continued hunger."
James Sandom at Red Light Management said:
"It's great to be in business with Merck and Hipgnosis. We're
excited by the potential and fresh focus on Kaiser Chiefs classic
catalogue in this new chapter, Hipgnosis' modern thinking and
resource will add value and presence to a catalogue that's
engrained in British culture."
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer - Joint Corporate Broker Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(Sales)
J.P. Morgan Cazenove - Joint Corporate Tel: +44 (0)20 7742
Broker 4000
William Simmonds / Ed Murray / Jérémie
Birnbaum (Corporate Finance)
James Bouverat / Eddie Nissen (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. The Company has raised a total of over GBP625
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019
and October 2019. 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 of the Main Market.
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.
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END
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