TIDMSONG
RNS Number : 5884W
Hipgnosis Songs Fund Limited
12 December 2019
12 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 from Jack Antonoff.
Jack Antonoff is lead singer of Bleachers, founding member of
Grammy Award winning band Fun. and a prolific songwriter and
producer who has collaborated with global superstars such as Taylor
Swift, Lana Del Ray, Lorde, Pink, St Vincent and many others.
The four time Grammy Award winner will maintain an interest in
the catalogue and work closely with Hipgnosis in the management of
his songs.
With Fun., Jack Antonoff co-wrote their 2011 worldwide hit 'We
Are Young', featuring Janelle Monáe, which reached Number 1 in 12
countries including the UK and US, where it was certified diamond,
as well as winning the Grammy Award for "Song of the Year" whilst
Fun. won "Best New Artist". Jack Antonoff also co-wrote the Fun.
singles 'Some Nights' and 'Carry on' which are certified 7x and 2x
platinum in the US respectively.
Jack Antonoff has collaborated closely with Taylor Swift
co-writing and producing much of her last three albums. This
includes three Songs on the Grammy Award winning '1989' which
reached Number 1 in 12 Countries including the US and UK and was
the best-selling album of 2014 as well as becoming certified 9x
platinum in the US and selling over 15 million copies worldwide.
Taylor Swift's sixth studio album 'Reputation', which Jack Antonoff
co-wrote and produced five songs on, was nominated for the Grammy
Award for "Best Pop Vocal Album", is 3x platinum in the US and has
over 5 million sales worldwide.
With Taylor Swift, Jack Antonoff co-wrote the US Number 1 'Look
What You Made Me Do' and 'I Don't Wanna Live Forever' by Zayn and
Taylor Swift, which featured as the Soundtrack to the 2017 film
'Fifty Shades Darker'. Both of these singles reaching 4x platinum
in the US and platinum in the UK.
The Catalogue also includes Sara Bareilles' 3x US platinum
'Brave', Lorde's 'Green Light' which is certified platinum in both
the US and UK and Rachael Platten's US platinum certified 'Stand By
You'.
Jack Antonoff has received significant critical acclaim, being
nominated for 11 Grammy Awards, winning his fourth for his
co-writing on the title track of St. Vincent's fifth studio album
'Masseducation'. "Masseducation" along with Fun's "Some Nights",
Taylor Swift's "1989", Lorde's "Melodrama", and Lana Del Ray's
"Norman Rockwell" are amongst the most critically acclaimed albums
of their time.
The co-owned Catalogue comprises the worldwide publishing and
writer share of performance income for 188 songs including Jack
Antonoff's award winning and multi-platinum work with Fun., Taylor
Swift, Sara Bareilles and Lorde amongst others. Hipgnosis' share of
the Catalogue will be allocated to the C Shares.
Jack Antonoff is represented by Tyler Childs at Forward Artist
Management and Gillian Bar of Carroll Guido Groffman Cohen Bar
& Karalian, LLP.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"I consider Jack to be amongst the most elite creators of our
time. The songs he has co-created with Fun, Taylor Swift, Lorde,
St. Vincent and Lana Del Ray are sublime and the very best in pop
music with integrity. It's a great privilege to welcome Jack and
Tyler into the Hipgnosis Songs family and we are very excited to be
working together."
Jack Antonoff and his manager Tyler Childs said:
"It's an honor to partner with the Hipgnosis Songs family. Merck
and his team have a great reverence for the craft of songwriting
and have created a home where artistic integrity is at the
forefront. We look forward to this new chapter."
About Jack Antonoff:
Jack Antonoff is a four-time GrammyAward-winning singer,
songwriter, musician, and producer, as well as the creative force
behind Bleachers. After serving as lead guitarist in multi-platinum
band fun., Antonoff launched his solo project Bleachers in 2014
with the critically acclaimed debut album Strange Desire. The album
found him setting emotional meditations on anxiety, depression, and
loss against a backdrop of earworm melodies and massive choruses on
songs like the gold-certified "I Wanna Get Better" (which topped
Billboard's Alternative chart) and the #3 Alternative radio hit
"Rollercoaster." Antonoff toured the world for a year and a half in
support of Strange Desire, building a cult fan base for his
cathartic, suburban influenced anthems. In 2017 Bleacher's released
their critically acclaimed sophomore album Gone Now, via RCA
Records.
In addition to his work with Bleachers, Antonoff is an in-demand
songwriter and producer for other artists, including Taylor Swift,
Lana Del Rey, Lorde, St. Vincent, Zayn, Sia, Carly Rae Jepsen, Sara
Bareilles, Tegan & Sara, Kevin Abstract, Troye Sivan and
Grimes. He also founded and curated the annual "Shadow of the City"
music festival, which takes place in Antonoff's home state of New
Jersey in the parking lot of the Asbury Park Stone Pony.
Antonoff is also a passionate advocate for Planned Parenthood
and LGBTQ rights, having recently collected signatures from 142
high-profile artists, writers, and creators to deliver a message to
legislators in Texas considering anti-LGBTQ laws. He is a
co-founder of The Ally Coalition (TAC), which encourages allies of
the LGBTQ community to take action for LGBTQ equality and support
its causes. TAC has raised hundreds of thousands of dollars over
the last few years for local LGBTQ homeless shelters around the
US.
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.
This information is provided by RNS, the news service of the
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contact rns@lseg.com or visit www.rns.com.
END
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