TIDMSONG
RNS Number : 7900A
Hipgnosis Songs Fund Limited
04 June 2021
4 June 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 the music catalogue of Grammy
Award-winning songwriter, producer and musician Joel Little. Little
has recently been presented with his fourth APRA AMCOS
1,000,000,000 List award for Taylor Swift's hit, Me!, following his
previous honours for Young Dumb & Broke by Khalid, Whatever It
Takes by Imagine Dragons and Royals by Lorde.
Joel Little is best known for his collaboration with Lorde,
co-writing and producing both her debut EP, 'The Love Club', as
well as her first album, 'Pure Heroine', and for co-writing her
second album, 'Melodrama'. In 2012, Lorde released her debut EP,
'The Love Club', which peaked at Number 2 in New Zealand and
Australia before its 2013 US release, where it reached the Top 25
of the Billboard 200. The EP included Lorde's game-changing single
Royals which reached Number 1 all over the world, including the US
where it topped the Billboard Hot 100 for nine consecutive weeks.
Co-written and produced by Little, Royals has sold over 10 million
copies globally, making it one of the bestselling songs of all
time, and won Lorde and Little "Song of The Year" at the 2014
Grammy Awards and "Most Performed Song" at both the 2014 and 2015
ASCAP Pop Music Awards.
In 2013, Little co-wrote and produced Lorde's debut album, 'Pure
Heroine', which peaked at Number 3 and Number 4 in the US and UK
respectively. 'Pure Heroine' received critical acclaim, most
notably being nominated for the Grammy Award for "Best Pop Vocal
Album" and being named fourth on Billboard's "15 Best Albums of
2013" chart. The album is certified 3x platinum in the US and has
sold six million copies worldwide, making it one of the bestselling
albums of 2014. Little co-wrote and produced each of the album's
singles including the global hit Royals and the US Number 6 Team,
which won Lorde and Little the ASCAP Pop Music Award for "Most
Performed Song".
In 2014, Little co-wrote or produced four songs on the
soundtrack for "The Hunger Games: Mockingjay, Part 1", which was
curated by Lorde, including the lead single Yellow Flicker Beat.
Yellow Flicker Beat was nominated for "Best Original Song" at the
Golden Globe Awards and "Best Song" at the Critics' Choice
Awards.
Little re-united with Lorde for her 2017 US Number 1 album
'Melodrama', which was named by Rolling Stone in their "500
Greatest Albums of all Time" chart, notably co-writing the
critically acclaimed and global hit lead single Green Light. Green
Light has gone platinum all over the world and has been streamed
over 1 billion times.
In 2019, Little collaborated with Taylor Swift, co-writing and
producing four songs on her global Number 1 and multi-platinum
album 'Lover' including three of the singles Me!, You Need to Calm
Down and The Man. The album's lead single Me!, featuring Brendon
Urie of Panic! at the Disco, broke four Amazon Music records,
including most first-day streams and most first-week streams, and
peaked at Number 2 in the US where it was certified 2x platinum.
The Grammy nominated You Need to Calm Down also peaked at Number 2
in the US, where it is certified 3x platinum, whilst The Man was a
Top 25 hit in the US and UK, and is certified platinum in the US.
Each has been streamed more than 1 billion times globally across
all services.
In addition to his work with Lorde and Taylor Swift, Little has
worked with globally successful artists including Ellie Goulding,
Imagine Dragons, Shawn Mendes, Khalid, Sam Smith, James Bay and
Jonas Brothers. Highlights of these collaborations include
co-writing and producing Imagine Dragons' worldwide hit Whatever It
Takes which is multi-platinum all over the world, including the US
where it was Number 12 on the Billboard Hot 100 chart and Number 1
on the Hot Rock And Alternative chart, Young Dumb & Broke by
Khalid which is certified 6x platinum in the US and Shawn Mendes'
Youth which is certified gold in the US and UK. Each of these has
been streamed over 1 billion times globally across all
services.
In total Little's songs have been streamed more than 15 billion
times.
Joel Little was represented by longtime manager Ashley Page at
Page One Management and lawyer Nicky Stein at Clintons.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Joel is one of the most important songwriters in the world
today. More than eight years on from the iconic song that is
Royals, he has continued to deliver massive hits for Lorde, Taylor
Swift, Khalid, Imagine Dragons and many more. His songs are amongst
the most streamed songs of the last 10 years amassing more than 15
billion streams globally. It's wonderful to welcome Joel and Ashley
to the Hipgnosis Family."
Joel Little said:
"I feel incredibly grateful for my career in songwriting up to
this point. It's really nice to know that these songs will be so
well taken care of by Merck and his team of passionate music
people.
Hipgnosis have big plans and I'm very excited to see how far
they can champion the cause for all songwriters in the coming
years."
Catalogue Playlists:
Spotify
https://open.spotify.com/playlist/6W9XqcqoXgiPCn4IERtqcS?si=bafe9f2beb4446f2
Apple
https://music.apple.com/gb/playlist/joel-little-catalogue/pl.u-yZyVWPLIdRDl7K0
Key Catalogue Information:
Catalogue Joel Little
Copyright acquired Publishing and Writers Share of Income
Number of Songs 178
Accolades Number 1s Top 10s Grammys
52 210 1
-------- --------
Revenue History 2017 2018 2019
$'000 $'000 $'000
------ ------
1,316 2,981 4,323
------ ------
Revenue mix Mechanical Performance Streaming Sync Writer's
by source* Share
5% 15% 30% 14% 36%
------------ ---------- ----- ---------
Revenue mix US Rest of World
by geography 61% 39%
--------------
Revenue diversification Top 3 Songs Top 5 Songs Top 10 Songs
54% 65% 75%
------------ -------------
Top 5 Songs Song Artist
by revenue Whatever It Takes Imagine Dragons
--------------------------
Royals Lorde
--------------------------
Young, Dumb & Broke Khalid
--------------------------
You Need To Calm Taylor Swift
Down
--------------------------
Me! Khalid feat. Brendon Urie
--------------------------
*Based on the catalogue's royalty statement revenue in the
calendar year 2019
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
Elliot Thomas / Max Avison / Lauren
Davies (Corporate Finance)
Lisa Tugwell (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 28 9693
Lorna Zimny 0222
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. As of 1 April 2021, the Company will be treated as being
resident in the UK for tax purposes and is recognised as an
investment trust under applicable HMRC regulations.
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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END
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