TIDMSONG
RNS Number : 3869M
Hipgnosis Songs Fund Limited
21 January 2021
21 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 legendary record producer
and mixer Bob Rock.
Hipgnosis has acquired 100% of Bob Rock's producer rights for
Metallica's 'Metallica' and Michael Bublé's 'Call Me
Irresponsible', 'Crazy Love', 'Christmas' and 'To Be Loved', which
in total comprise 43 songs.
Bob Rock started his collaboration with Metallica in 1990,
co-producing their US diamond-certified (16x platinum) self-titled
album, most commonly referred to as 'The Black Album'. 'The Black
Album' was the pivotal moment in Metallica's evolution into the
premier heavy metal band and, as one of the bestselling albums of
the last 30 years, launched the band into true mainstream global
superstardom. Debuting at Number 1 in 10 countries, the album spent
four weeks at the top of the Billboard Top 200 and in December 2019
became the fourth release in history to enter its 550th week on the
Billboard 200. Achieving widespread commercial acclaim, 'The Black
Album' was named Number 255 by Rolling Stone in their "500 Greatest
Albums of all Time" chart. Its five singles 'Enter Sandman', 'The
Unforgiven', 'Nothing Else Matters', 'Wherever I May Roam', and
'Sad but True' are all considered to be among Metallica's
best-known songs. Songs from the album have been streamed more than
seven billion times across all services, just in time to celebrate
its 30th Anniversary.
Bob Rock is a long-time collaborator with Michael Bublé, having
produced his album 'To Be Loved' in its entirety and produced key
tracks on a further three of his albums: 'Call Me Irresponsible',
'Crazy Love' and 'Christmas'. 'Call Me Irresponsible', released in
2007, was a global success and was Michael Bublé's first Number 1
album after topping the charts in eight countries including the US,
where it is certified platinum. The album received widespread
critical acclaim including winning the Grammy Award for "Best
Traditional Pop Vocal Album".
Rock's next release with Michael Bublé, 'Crazy Love' debuted at
Number 1 in both the US and UK. The album is multi-platinum all
over the world including the UK, where it is 10x platinum, having
sold over 3 million copies, and the US, where it is 2x platinum.
'Crazy Love' won Michael Bublé his second Grammy Award for "Best
Traditional Pop Vocal Album" in 2010. The album included the
original hit single 'Haven't Met You Yet' which is certified
platinum in both the US and UK.
In 2011, Michael Bublé released the now classic album
'Christmas', which defines our festive season each year. An instant
success, 'Christmas' was a Number 1 all over the world, including
in the US where it spent five weeks at the top of the Billboard Top
200, and has sold an astonishing 12 million copies since its
release in addition to being streamed more than 5 billion times
across all services. 'Christmas' has been the highest charting
Christmas album of the 2020 holiday season. It was the Number 1
album in the UK this Christmas as well as on Spotify's Global
Albums chart and it spent the last two weeks of December at Number
4 on the Billboard Top 200, after re-entering the chart in early
November. Rock produced five songs on the album including 'All I
Want For Christmas Is You'.
'To Be Loved', released in 2013, was Michael Bublé's fourth
consecutive US Number 1 album. As well as topping the charts in a
further 17 countries, 'To Be Loved' won Michael Bublé his fourth
Grammy Award for "Best Traditional Pop Vocal Album".
Bob Rock was represented by longtime manager Bruce Allen and
lawyer Mark L. Kovinsky.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"The breadth of Bob Rock's enormous successes are almost
impossible to match by any creator in the history of music. From
Metallica's most famous 'Black Album' to Michael Bublé's
'Christmas', he has produced some of the biggest albums of all time
that continue to be evergreen, year in and year out. Everyone who
has worked with Bob knows he is a difference maker, which is why
the artists he has produced end up making multiple albums with him
which are almost always their biggest successes. Bob is very
special and as a fellow Canadian, it is a pleasure to welcome him
and his incredible productions to the Hipgnosis family."
Bob Rock said:
"I put my heart and soul into these recordings. I know how much
Merck loves music, so it was an easy deal to put together."
Bruce Allen said:
"I've known Merck for years. He has a passion for music and
those who make it. I look forward to working with Hipgnosis."
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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