Hipgnosis Songs Fund Limited Acquisition of Music Catalogue (9893L)
January 03 2019 - 1:00AM
UK Regulatory
TIDMSONG
RNS Number : 9893L
Hipgnosis Songs Fund Limited
03 January 2019
3 January 2019
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 Giorgio Tuinfort.
In addition to winning multiple Grammy Awards, Giorgio Tuinfort has
written 23 number 1 singles and has won the prestigious BMI
Songwriter Award an unprecedented 30 times. The Company has
acquired 100% of Giorgio Tuinfort's interest in the catalogue.
The catalogue comprises 182 songs in total, including 23 number
1 songs. It includes more than 15 UK Top 10 singles with David
Guetta, including 6 number 1s. In addition to David Guetta, the
catalogue includes songs for Gwen Stefani, Sia, Emeli Sandé, Nicki
Minaj, Afrojack, Martin Garrix, Rihanna, Avicii, Usher, Will.i.am,
Akon and Lionel Richie.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Giorgio is arguably the most underrated hit songwriter of the
last 20 years. He could just as easily be composing a piano
concerto as co-writing magnificent pop like "The Sweet Escape" for
Gwen Stefani or "One Last Time" for Ariana Grande. He has quietly
been the partner of choice for everyone from Akon to David Guetta
and has been instrumental, literally, in their incredible
successes. For me "Titanium" is as sophisticated as pop can get.
Giorgio's work is sublime."
Giorgio Tuinfort, said:
"To entrust someone with your musical life work is like
entrusting someone with your child; only a person with integrity
and high values can bear that responsibility. That's Merck to me. A
visionary, but most of all a man who recognises the value of one of
mankind's greatest gifts; music. My catalogue is simply in the best
hands it could be."
For further information, please contact:
The Family (Music) Limited Tel: +44 (0)1481 742742
Merck Mercuriadis
N+1 Singer Tel: +44 (0)20 7496
James Maxwell / James Moat (Corporate 3000
Finance)
Alan Geeves / James Waterlow / Sam Greatrex
(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. In its Initial Public Offering on the Specialist
Fund Segment of the London Stock Exchange's main market on 11 July
2018, the Company raised approximately GBP200m gross equity
capital.
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, 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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