TIDMSONG
RNS Number : 9342Q
Hipgnosis Songs Fund Limited
03 March 2021
3 March 2021
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Appointment of Richard Rowe
Merck Mercuriadis, the founder of Hipgnosis Songs Fund Limited
and CEO of its Investment Adviser, The Family (Music) Limited,
announces the appointment of Richard Rowe as Executive Vice
President, with immediate effect.
Rowe began his career at CBS Records in 1979 as a lawyer in its
Business Affairs Department before eventually becoming the
President of Sony Music Publishing from 1991 to 2005 (renamed Sony
ATV Music Publishing in 1995). Whilst there, Rowe made the deal
with Michael Jackson that led to Sony ATV Music Publishing's
acquisition of The Beatles' catalogue. He also made the acquisition
of Acuff-Rose Music which included the catalogues of Roy Orbison
and The Everly Brothers.
After leaving Sony ATV Music Publishing, Rowe co-founded Round
Hill Music in 2010, where as Vice Chairman, he brought in many of
their most important acquisitions including Carlin Music, Eddie
Holland, ArtHouse (Kara DioGuardi), Eric Carmen, Brody Brown, Randy
Bachman, and the Gil catalogue which included six songs by The
Beatles.
Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and
The Family (Music) Limited, said:
"Richard is one of the most important and successful executives
in the music industry. He helped build Sony ATV into the company it
is today and played an important role in bringing Round Hill Music
Royalty Fund successfully to the market in the wake of Hipgnosis.
Over his career he has made some incredible deals, including the
famous partnership with Michael Jackson bringing The Beatles
copyrights to Sony ATV and some of Round Hill Music's most
important catalogues in Carlin Music, Eddie Holland and six songs
by The Beatles via the Gil catalogue.
I look forward to having him work closely with me as we grow and
manage our portfolio of proven hit songs. His experience is second
to none and he will be adding an additional layer of expertise to
our investment and finance teams on data analysis and delivering
best in class market disclosures."
Richard Rowe said:
"I am proud of the work that I did at Round Hill Music over the
last ten years and to have been part of its growth. Music
publishing is evolving at a fast pace and Hipgnosis is leading that
charge. I am delighted that Merck has invited me to join his
company and bring my experience to Hipgnosis, and work with the
great team he has already put together. Merck has built an
incredible Company, that is the envy of the music industry, and I
am excited to have this opportunity to be part of the next stage of
its growth."
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 GBP1.1
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, September 2020 and February 2021. 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, manager or former manager
of globally successful recording artists, such as Nile Rodgers,
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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