TIDMSONG
RNS Number : 5154L
Hipgnosis Songs Fund Limited
13 January 2021
13 January 2021
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Acquisition of Music Catalogue
The Board of Hipgnosis Songs Fund Limited, the first 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 a catalogue from one of the world's
best-selling music artists, Queen of Latin Music, Shakira.
Since releasing her first album in 1991, recorded at the
incredible age of 13, Shakira has sold over 80 million records,
making her the bestselling female Latin artist of all time. She has
been awarded a remarkable 3 Grammy Awards, 12 Latin Grammy Awards,
4 MTV Video Music Awards, 7 Billboard Music Awards, 39 Billboard
Latin Music Awards and 6 Guinness World Records. With over 32
million listeners, Shakira is the most-streamed female Latin artist
on Spotify and her songs have been streamed billions of times. She
is also one of only three female artists to have two videos
exceeding two billion views on YouTube.
Hipgnosis has acquired 100% of Shakira's music publishing
rights, including publishing and writer's share of income, of her
entire catalogue comprising 145 songs.
Shakira rose to fame upon the release of her hugely popular
debut international album 'Pies Descalzos' in 1995. The album sold
over four million copies globally and is certified platinum in nine
countries, including the US, as well as certified 8x diamond in
Shakira's home country Colombia. 'Pies Descalzos' includes 5
singles which reached the Top 20 of Billboard's Latin Pop Songs and
Hot Latin Songs charts. This includes its lead single 'Estoy Aqui'
which reached Number 1 and Number 2 respectively.
Her following album, 'Dónde Están los Ladrones' was an even
bigger commercial success, selling 1.5 million copies in the US and
over 7 million copies worldwide. The album remained at Number 1 on
Billboard's Top Latin Albums chart for 11 weeks and included six
Billboard Latin Pop Songs and Hot Latin Songs Top 10s. Most notably
the hit singles 'Ciega, Sordomuda' and 'Tú' which both reached
Number 1.
In 2000, Shakira's live album 'MTV Unplugged' was MTV's first
Spanish-language broadcast and won Shakira her first Grammy Award
for "Best Latin Pop Album".
Shakira released her first English language album 'Laundry
Service' in 2001, which having sold over 13 million copies
worldwide is the seventh best-selling album of 2002 and one of the
best-selling albums of the 21(st) century. Six singles were
released from the album, including the hits 'Whenever, Wherever',
'Underneath Your Clothes' and 'Que Me Quedes Tú'. 'Whenever,
Wherever' was an international success reaching Number 1 in 27
countries and peaking at Number 2 in the UK. 'Underneath Your
Clothes' was a Top 10 in both the US and UK, and the
Spanish-speaking 'Que Me Quedes Tú' topped both Billboard's Latin
Pop Songs and Hot Latin Songs charts.
Returning in 2005, Shakira released two albums: the Spanish
'Fijacion Oral, Vol. 1' and the English 'Oral Fixation, Vol. 2'.
Both albums reached the Top 5 in the US and achieved success in the
charts internationally.
'Oral Fixation, Vol. 2' is certified at least platinum in 18
countries and was the ninth best-selling album globally of 2006.
The album debuted at Number 5 on the Billboard 200 chart and
included the hit single 'Hips Don't Lie', which was Shakira's first
US Number 1 - where it broke the record for the fastest selling
digital download song. 'Hips Don't Lie' reached Number 1 in 55
countries and having been downloaded over 13 million times is one
of the best-selling singles of all time.
'Fijacion Oral, Vol. 1', debuted at Number 4 on the Billboard
200 chart making it the highest debut ever for a Spanish language
album at the time. The album won Shakira her second Grammy Award
for "Best Latin Rock/Alternative Album" as well as four Latin
Grammy Awards for "Record of the Year", "Song of the Year" (for 'La
Tortura'), "Album of the Year", and "Best Pop Vocal Album".
In 2009, Shakira's 'She Wolf' reached Top 5 in the UK, with its
self-titled lead single certified platinum in the US.
Shakira released the 2010 Fifa World Cup song 'Waka Waka (This
Time For Africa)', which peaked at Number 1 in 15 countries. The
hit song was certified at least platinum in 13 countries including
the UK and US and having sold over 10 million copies is one of the
best-selling singles of all time.
In 2016, Shakira had a voice role as Gazelle in the Disney
animated movie Zootopia. In addition to her role, Shakira
contributed the song 'Try Everything' which is certified 2x
platinum in the US.
In January 2018, Shakira won her third Grammy Award for "Best
Latin Pop Album" for her 2017 album 'El Dorado', which peaked at
Number 1 on the US Top Latin Albums chart and Number 15 on the
Billboard 200, and is 12x platinum in the US.
Shakira was represented by her manager Jaime Levine and lawyers
David Lande and Mitch Tenzer at Ziffren Brittenham Law LLP.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"One step at a time, this incredible woman from Colombia has
evolved into one of the most famous and influential people in the
world. What no one should ever take for granted is that she is one
of the most serious and successful songwriters of the last 25
years, having written or co-written virtually every song she has
ever recorded. She is a superb creator who has led the charge from
what was massive physical success to now having bigger success in
streaming than most of her contemporaries. This is the result of
her being a determined force of nature and having written songs the
world is incredibly passionate about. It's wonderful for us to
welcome, Shakira, the Queen of Latin Music and much more, to the
Hipgnosis family."
Shakira said:
"Being a songwriter is an accomplishment that I consider equal
to and perhaps even greater than being a singer and an artist. At 8
years old-long before I sang-I wrote to make sense of the world.
Each song is a reflection of the person I was at the time that I
wrote it, but once a song is out in the world, it belongs not only
to me but to those who appreciate it as well. I'm humbled that
songwriting has given me the privilege of communicating with
others, of being a part of something bigger than myself.
I know Hipgnosis will be a great home for my catalogue-and I'm
so happy to partner with this company led by Merck, who truly
values artists and their creations and is an ally to songwriters
everywhere who care deeply about the continued life of their
songs."
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 / Amanda 3000
Gray (Corporate 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)
RBC Capital Markets - Joint Corporate Tel: +44 (0)20 7635
Broker 4000
Will Smith / Elliot Thomas / Lauren
Davies (Corporate Finance)
Lisa Tugwell (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 1481
Julian Carey 742742
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 GBP1.05
billion (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019,
October 2019, July 2020 and September 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, and in
March 2020 became a constituent of the FTSE 250 Index.
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
A. Stewart, Bill Leibowitz, Ian Montone, Rodney Jerkins, Bjorn
Lindvall and Chris Helm.
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