TIDMSONG
RNS Number : 1147X
Hipgnosis Songs Fund Limited
17 December 2019
17 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 three time Grammy
Award winning producer, mixer, engineer, and musician Brendan
O'Brien, who has produced 17 US Number 1 albums. Producing some of
the most influential albums in the history of rock music, Brendan
O'Brien has worked with Bruce Springsteen, Red Hot Chili Peppers,
Pearl Jam, Stone Temple Pilots, Rage Against the Machine, Korn,
Train and The Killers.
Brendan O'Brien initially gained global recognition in 1990 by
mixing The Black Crowe's debut album 'Shake Your Money Maker',
which peaked at Number 4 in the Billboard Hot 200 and has gone on
to sell over 5 million copies in the US where it was certified 5x
platinum in 1995. In 1991 Brendan O'Brien mixed the Red Hot Chili
Peppers' breakthrough album 'Blood Sugar Sex Magik'. 'Blood Sugar
Sex Magik' is widely considered to be a seminal part of the US
alternative rock explosion of the last 30 years and is certified 7x
platinum in the US and 3x platinum in the UK. The album's second
single 'Under the Bridge' reached Number 2 on the Billboard Top 100
and is certified platinum in both the US and UK.
Brendan O'Brien also collaborated closely with Pearl Jam, who
are considered one of the most important and influential bands of
the last 30 years, producing or mixing almost their entire
catalogue. This included the bands' Grammy Award nominated second
album 'VS.' which broke the record for most copies of an album sold
in its first week reaching Number 1 in the US where it is certified
7x platinum, the Grammy nominated 'Vitalogy' which reached Number 1
on the Billboard Hot 200 and is certified 5x platinum in the US,
'No Code' which reached Number 1 on the Billboard Hot 200 and is
certified platinum in the US, 'Yield' which is certified platinum
in the US as well as the Grammy Award nominated 'Backspacer' and
'Lightning Bolt' both of which reached Number 1 in the US. He also
mixed the Number 2 and US platinum album "Binaural".
Brendan O'Brien produced Rage Against The Machine's albums 'Evil
Empire' which reached Number 1 in the US where it was certified 3x
platinum, including the Grammy Award winning single 'Tire Me', the
Grammy nominated, 'The Battle of Los Angeles' which reached Number
1 in the US where it was certified 2x platinum, including the
Grammy Award winning single 'Guerrilla Radio', and the US platinum
certified 'Renegades'.
Brendan O' Brien mixed 'Superunknown' which was Soundgarden's
breakout album, earning the band international recognition. Upon
its release in March 1994, 'Superunknown' debuted at Number 1 on
the Billboard Hot 200 album chart, and eventually closed the year
as the 13th best-selling album of 1994. 'Superunknown' has sold
more than 10 million copies worldwide and is more than 5x platinum
in the US alone.
Brendan O'Brien produced and mixed nearly the entire catalogue
of the Grammy Award winning Stone Temple Pilots who are one of the
most commercially successful rock bands of the past 30 years having
sold 40 million records worldwide. This included their 8x US
platinum certified 1991 debut album 'Core', their US Number 1 and
6x platinum certified album 'Purple', their US 2x platinum
certified album 'Tiny Music... Songs from the Vatican Gift Shop'
and their US platinum certified album 'No. 4'.
In 2002, Brendan O'Brien collaborated with Bruce Springsteen
producing his Grammy Award winning album 'The Rising'. 'The Rising'
was Springsteen's first studio album in seven years and was
nominated for two Grammy Awards winning "Best Rock Album". The
album reached Number 1 in 11 countries including the US and UK
where it was certified 2x platinum and platinum respectively.
Following 'The Rising' Brendan O'Brien produced Bruce Springsteen's
hit albums 'Magic' which was ranked 2nd on Rolling Stone's 'Top 50
Albums of 2007' and reached Number 1 in the US, where it is
certified platinum, 'Devils & Dust' which reached Number 1 in
the US and 'Working on a Dream' which has sold more than three
million copies worldwide.
The Catalogue also includes Korn's US Number 1 album 'Follow the
Leader', Limp Bizkit's US Number 1 and 7x platinum certified album
'Significant Other', The Offspring's US Platinum certified album
'Conspiracy of One', Train's 2x platinum certified album 'Drops of
Jupiter', Audioslave's US Number 1 album 'Out Of Exile', AC/DC's
'Black Ice' which reached Number 1 in 29 counties including the US
and UK where it was certified 2x platinum and platinum respectively
and The Killers UK Number 1 and platinum certified album 'Battle
Born'.
Brendan O'Brien has been nominated for the Grammy Award for
"Producer of the Year, Non-Classical" three times, winning in
2009.
Hipgnosis has acquired 100% of Brendan O'Brien's interest in his
catalogue which comprises his worldwide producer royalties for
1,855 works.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"It's very easy to state that Brendan O'Brien is one of the
greatest producers of all time and certainly defines the best rock
music of not only the 90s but the last 30 years. Almost every
artist he has helped develop has entered or will enter the Rock And
Roll Hall Of Fame for good reason. I'm beyond honoured to welcome
Brendan and his historic catalogue into the Hipgnosis family."
Neil Jacobson said:
"Brendan is not only a metaphorical first ballot hall of famer
in the production world, and not only does this catalogue speak for
its self (Pearl Jam, Rage Against the Machine, Bruce Springsteen
etc) but you also have to understand how incredible the quality of
each vocal is. His ear for vocal production - a very specific thing
in music production - might be one of the greatest of all time.
Each one of these copyrights is a case study in what we call a
magic vocal. That's one aspect of the 'art of Brendan O'Brien' in
my personal opinion."
Brendan O'Brien said:
"Merck and Hipgnosis were really passionate about the Music I've
been lucky enough to be a part of over the years. They are Music
people and their commitment made me feel like the records would be
in safe hands."
About Crescent Drive Productions:
(www.cdp.media)
Crescent Drive Productions was founded in 2019 by longtime
record executive, manager, and hitmaker Neil Jacobson. Having
worked with Interscope Records for the entirety of his career since
beginning nearly twenty years ago and heading up Geffen Records for
the last three, Jacobson's newly founded company specializes in
producer and songwriter management, while also focusing on the
sales of high-profile publishing and producer catalogues. Past and
present clients include Jeff Bhasker, Emile Haynie, Brendan
O'Brien, King Henry, will.i.am, Robin Thicke, Ian Fitchuk, Beach
Noise, Bipolar Sunshine and more.
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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