TIDMSONG
RNS Number : 5462X
Hipgnosis Songs Fund Limited
01 September 2020
1 September 2020
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Acquisition of Music Catalogue
The Board of Hipgnosis Songs Fund Limited, the first and only UK
listed investment company offering investors a pure-play exposure
to songs and associated intellectual property rights, and its
Investment Adviser, The Family (Music) Limited, are pleased to
announce that the Company has acquired the music catalogue of
musician, songwriter and producer Nikki Sixx, best known as the
founding member, bassist, and lead songwriter of Mötley Crüe.
With Mötley Crüe, Nikki Sixx has sold more than 100 million
albums worldwide as well as achieving seven platinum or
multi-platinum certifications, nine Top 10 albums on the Billboard
200 chart, 22 Top 40 mainstream rock hits, and six Top 20
singles.
Mötley Crüe released their debut album 'Too Fast for Love' in
1981 which was certified platinum in the US. It was the first of
seven consecutive Mötley Crüe albums to be certified gold or
platinum in the country. In 1983, the band had their mainstream
breakthrough with the release of their 4x US platinum certified
album 'Shout at the Devil', which included hit singles 'Looks That
Kill' (38.5 million streams on Spotify) and 'Too Young to Fall in
Love' (19.9 million streams on Spotify). Both featured on the
Billboard Hot 100, with the former remaining on the chart for ten
weeks.
The band's third album 'Theatre of Pain' was certified 4x
platinum in the US and marked their transition towards a glam metal
style. It also influenced the heavy metal genre for the remainder
of the decade. 'Theatre of Pain' included 'Smokin' in the Boys
Room' (21.7 million streams on Spotify), the band's first Billboard
100 Top 40 single, and 'Home Sweet Home' (102.8 million streams on
Spotify), which ranked Number 12 on VH1's chart of the greatest
power ballads of all time.
'Girls, Girls, Girls', released in 1987, became Mötley Crüe's
third consecutive album to achieve 4x platinum status, reaching
Number 2 on the Billboard 200 album chart.
Mötley Crüe's fifth album, titled 'Dr Feelgood', which was
released in 1989, is their bestselling to date. It remained in the
charts for an incredible 114 weeks with more than 6 million copies
sold in the US alone. It is widely regarded as the band's best
studio album and was crowned "Best Hard Rock/Heavy Metal Album of
the Year" at the 1991 American Music Awards. The album includes hit
single 'Kick Start My Heart', which reached the Top 10 of
Billboard's "Hot Rock & Alternative Songs" chart and has had
more than 222 million streams on Spotify. Together, these albums
established the band as one of the top selling heavy metal acts of
the 1980s.
Mötley Crüe released two further US gold certified albums
entitled 'Mötley Crüe' and 'Generation Swine', before releasing
their most recent album, 'Saints of Los Angeles', which debuted at
Number 4 on the Billboard 200 chart, selling more than 100,000
copies in its first week. Sixx was credited as either writer or
co-writer on all 13 album tracks.
In addition to his enormous success with Mötley Crüe, Nikki Sixx
has co-written and produced for renowned artists such as the Sex
Pistols' Steve Jones and rock legends Lita Ford, Alice Cooper and
Meat Loaf.
In 2007, Sixx went on to found hard rock band Sixx:A.M. with DJ
Ashba and James Michael. The band is best known for its debut song
'Life is Beautiful' which reached Number 2 on the US Hot Mainstream
Rock Tracks chart, alongside hits 'Lies of the Beautiful' from the
band's second studio album, and 'This Is Gonna Hurt'.
In 2019, Mötley Crüe released four new songs on the soundtrack
for Netflix biopic 'The Dirt', a film adaptation of the band's 2001
collaborative autobiography which spent ten weeks in the Top 10 of
the New York Times Best Seller list. The soundtrack album reached
Number 1 on the iTunes All Genres Album chart, Number 10 on the
Billboard Top 200 chart, Number 3 on the Billboard Top Album and
Digital Album Sales chart and Top 10 worldwide.
Hipgnosis have acquired 100% of Nikki Sixx's writer's share of
PRO income and writer's Sound Exchange in respect of the catalogue
which contains 305 songs.
Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and
The Family (Music) Limited, said:
"Mötley Crüe were single handedly responsible for the Los
Angeles rock explosion of the 1980s paving the way for everyone
that came in their wake and putting rock music back onto Top 40
radio and the pop charts. Nikki was the catalyst and architect of
all of that and we are delighted to welcome him to the Hipgnosis
family."
Nikki Sixx said:
"Merck and his team at Hipgnosis are an artist friendly forward
thinking company. Looking to the future I am grateful that they
will treat my music with great care and respect."
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 / Jérémie Birnbaum
(Corporate Finance)
James Bouverat (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 1481 742614
Mariana Enevoldsen
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
FTI Consulting Tel: +44 (0)7771 978220;
Neil Doyle/ Paul Harris/ Laura Ewart +44 (0)7809 411882;
+44 (0)7761 332646
All US music publicity enquiries
Fran Defeo +1 917 767 5255
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 GBP860
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019,
October 2019 and July 2020. 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, Jason Flom, Rodney Jerkins,
Bjorn Lindvall and Chris Helm.
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