TIDMSONG
RNS Number : 2022Z
Hipgnosis Songs Fund Limited
09 January 2020
9 January 2020
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Acquisition of Music Catalogue
The Board of Hipgnosis Songs Fund Limited and its Investment
Adviser, The Family (Music) Limited, are pleased to announce that
the Company has acquired a music catalogue from Emile Haynie, an
award-winning American producer who has collaborated on some of the
most iconic hip hop and pop albums of all time.
In 2009 and 2010, Emile Hayne collaborated as an executive
producer on Kid Cudi's three times Grammy Nominated 'Man on the
Moon: The End of Day' and 'Man on the Moon II: The Legend of Mr.
Rager' which were respectively certified 2x platinum and platinum
in the US and which remain two of the most influential hip hop
albums of all time.
Emile Haynie also produced Lana Del Rey's 2012 album 'Born to
Die', which reached Number 1 in five countries including the UK and
is certified 3x platinum in the UK and platinum in the US. 'Born to
Die' was the fifth bestselling album of 2012 globally and has been
streamed over 1 billion times on Spotify alone. Emile Haynie also
produced the fourth single from the album 'Summertime Sadness'
which is certified 4x platinum in the US and 2x platinum in the
UK.
The Catalogue increases our exposure to Bruno Mars' Grammy Award
album 'Unorthodox Jukebox' which reached Number 1 in the US and UK
and is certified 4x platinum in the US and 3x platinum in the UK.
This included producing, alongside Jeff Bhasker, the Grammy Award
nominated and US Number 1 'Locked Out Of Heaven' which is certified
7x platinum in the US and 2x platinum in the UK and the US platinum
singles 'Young Girls' and 'Gorilla'.
Emile Haynie has also collaborated on Adele's US diamond
certified album '25', which reached number 1 in 32 countries
including the US and UK and with over 25 million copies sold is one
of the best selling albums of all time, Eminem's 2010 album
'Recovery' which was nominated for two Grammy Awards winning "Best
Rap Album" and is certified 3x platinum in the US and the UK as
well as Fun's Grammy Award winning and US 3x Platinum album 'Some
Nights.
The Catalogue also includes the successful hit songs 'Runaway'
by Kanye West featuring Pusha T which is certified platinum in the
US, 'Headlights' by Eminem featuring Nate Ruess which is certified
platinum in the US and 'River' by Eminem featuring Ed Sheeran which
is certified platinum in the UK as well as songs performed by
Camila Cabello, Dua Lipa, FKA Twigs, Ian Brown, Lady Gaga, Pink,
Emeli Sande, The Rolling Stones, ASAP Rocky, Drake, SZA, London
Grammar, Mark Ronson and Florence and the Machine.
Hipgnosis has acquired 100% of Emile Haynie's worldwide
copyrights, including publishing and writer share, as well as
producer royalty income streams, of his catalogue comprising 122
songs.
Emile Haynie was represented by Neil Jacobson at Crescent Drive
Productions and Renee Karalian at Carroll Guido Groffman Cohen Bar
& Karalian, LLP.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"I'm delighted to welcome Emile to the Hipgnosis family. He is
one of the most influential producers of the last decade and with
Lana Del Ray, Kid Cudi, Eminem, Bruno Mars, Fun and many others he
has made important records that have inspired so many other great
creators."
Neil Jacobson said
"Emile's catalogue contains so many works that were culture
shifting moments in music. From Kid Cudi's "Man on the Moon" albums
(whom Emile helped to discover) to Lana Del Reys first album "Born
to die" to singles like "Runaway" by Kanye and "Locked out of
Heaven" by Bruno Mars. There's a depth and a grit to Emile's sound
which is the through line to all these works and is palpable to all
those that love amazing production."
About Crescent Drive Productions:
(www.cdp.media)
Crescent Drive Productions was founded in 2019 by longtime
record executive, manager, and hitmaker Neil Jacobson. Having
worked with Interscope Records for the entirety of his career since
beginning nearly twenty years ago and heading up Geffen Records for
the last three, Jacobson's newly founded company specializes in
producer and songwriter management, while also focusing on the
sales of high-profile publishing and producer catalogues. Past and
present clients include Jeff Bhasker, Emile Haynie, Brendan
O'Brien, King Henry, will.i.am, Robin Thicke, Ian Fitchuk, Beach
Noise, Bipolar Sunshine and more.
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 / Ed Murray / Jérémie
Birnbaum (Corporate Finance)
James Bouverat / Eddie Nissen (Sales)
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
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 GBP625
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019
and October 2019. 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, and Jason Flom.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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