Hipgnosis Songs Fund Limited Acquisition of Music Catalogue (0832A)
January 17 2020 - 2:00AM
UK Regulatory
TIDMSONG
RNS Number : 0832A
Hipgnosis Songs Fund Limited
17 January 2020
17 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 Ammar Malik whose
songs have sold over 100 million copies and been streamed over 10
billion times worldwide as well as achieving 108 Number 1 and 310
Top 10 Chart positions globally.
Ammar Malik has co-written some of the most iconic modern pop
songs including Maroon 5's 2011 hit 'Moves Like Jagger', featuring
Christina Aguilera, which was Number 1 in 18 Countries including
the US and has been certified 9x platinum in the US and 3x platinum
in the UK; Clean Bandit's 2016 UK Christmas Number 1 'Rockabye',
featuring Sean Paul and Anne-Marie, which was 3x platinum in both
the UK and US and reached Number 1 in over 26 countries; and Gym
Class Heroes' 'Stereo Hearts' featuring Adam Levine which was
certified 5x platinum in the US.
Following 'Moves Like Jagger' Ammar Malik has worked extensively
with Maroon 5 including co-writing 'Payphone' which was certified
7x platinum in the US and 2x platinum in the UK; 'Maps' which is
certified 4x platinum in the US; 'Don't Wanna Know' which was Top
10 in 23 Countries and certified 2x platinum in the US; and the
platinum certified 'Wait'.
The Catalogue also includes the 3x US platinum 'Symphony' by
Clean Bandit featuring Zara Larsson; 2x US platinum 'Chains' by
Nick Jonas, US platinum certified 'Both of Us' by B.o.B featuring
Taylor Swift, Ed Sheeran's UK platinum certified 'New Man' as well
as songs by Ariana Grande, OneRepublic, DJ Snake, Olly Murs, Jason
Mraz and One Direction.
In addition to his commercial success, Ammar Malik was awarded
BMI's "Songwriter of the Year" award in 2013 and BMI's "Song of the
Year" award for co-writing 'Moves Like Jagger'.
Hipgnosis has acquired 100% of Ammar Malik's copyright interests
in this catalogue, which comprises 90 songs, including publishing
and writers share of income.
Ammar Malik was represented by managers David Silberstein and
Jeremy Levin and counsel Todd Rubenstein.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Ammar has been one of the most influential songwriters of the
last 10 years and songs like 'Moves Like Jagger' and 'Rockabye' are
iconic. 'Moves Like Jagger' is now almost as famous as Mick Jagger
himself. I'm very happy to welcome Ammar, David and Jeremy to the
Hipgnosis family."
Ammar Malik said:
"Merck is a true music fan who values the songs and songwriters
above all. I am thrilled to be part of the Hipgnosis family and to
know that my songs are in amazing hands."
David Silberstein said:
"It has been a pleasure dealing with Merck and the team at
Hipgnosis throughout this transaction. Merck's vision of bringing a
greater value and appreciation to songs and songwriters is
something that we fully support and are excited to be a part
of."
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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