TIDMSONG
RNS Number : 7482B
Hipgnosis Songs Fund Limited
11 June 2019
11 June 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 Michael Knox, an
American music producer best known for discovering and producing
for the American country music singer Jason Aldean.
In April, the three times 'Entertainer of the Year' winner,
Jason Aldean was named by the Academy of Country Music (ACM) as its
'Artist of the Decade', signifying his stature as the most
important artist in the genre over the last 10 years.
Michael Knox has produced eight albums for Jason Aldean, four of
which consecutively reached Number 1 on the Billboard Top 200
Albums Chart. Together with Jason Aldean, Michael Knox has sold
over 35 million singles in addition to 18 million albums, and has
22 Number 1 hits on either the Billboard 'Hot Country Songs' or
'Country Airplay' charts, including "Girl Like You" which is the
Number 1 Airplay song of 2019 to date on the 'Country Aircheck' Top
Airplay Songs.
The albums include the eponymous debut 'Jason Aldean' (2005),
'Relentless' (2007), 'Wide Open' (2009), 'My Kinda Party' (2010),
'Night Train' (2012), 'Old Boots, New Dirt' (2014), 'They Don't
Know' (2016) and most recently 'Rearview Town' (2018).
Jason Aldean has been nominated for more than 115 music awards
by the Grammy Awards, Billboard Music Awards, Teen Choice Awards,
American Music Awards, iHeart Radio, the Academy Of Country Music,
the Country Music Association, American Country Awards and Country
Music Television, and has won 28 times.
Michael Knox is currently the Senior-Vice President of peermusic
Nashville. Prior to this Knox was an executive at Warner Chappell
Music. In 2011, Knox won 'Album of the Year' from the Country Music
Association for his production on 'My Kinda Party' by Jason Aldean.
In 2012, he won two Academy of Country Music awards for Jason
Aldean and Kelly Clarkson's 'Don't You Wanna Stay'. He won the
Academy of Country Music award for Vocal Event in 2013 for
producing 'The Only Way I Know', with Jason Aldean, Luke Bryan, and
Eric Church. In 2018 Michael Knox launched the syndicated radio
show Knox Country 360 as well as a joint venture with BMG on Music
Knox Records.
Michael Knox is the son of Buddy Knox which makes him Rock N'
Roll and Rockabilly royalty, with his father having composed
seminal classics such as 'Party Doll' and 'Hula Love' and having
been the first artist in the rock era to write and sing his own
Number 1 hit song.
Hipgnosis has acquired 100% of Michael Knox's producer royalties
for the catalogue which will include all of Jason Aldean's
recordings for the duration of his agreement with the Broken Bow
Records label including his brand new album due for release later
this year.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Jason Aldean, as recognized by the Academy of Country Music, is
undoubtedly country music's most important artist of the last 15
years. Behind him stands Michael Knox who is arguably the best
'record man' in Nashville with the responsibility of identifying
great songs and producing great recordings. Theirs is a
relationship that has not been seen since the days of George Jones
and Billy Sherrill, and it's an honor to welcome Michael into the
Hipgnosis family. We are very excited to work with Michael, Jason,
Jason's management team, the peermusic team and Broken Bow. This is
just the beginning of our endeavors in Nashville where we have the
greatest respect for the creative community and its incomparable
tradition of great songs!"
Michael Knox said:
"I am excited to be a part of the Hipgnosis movement. Merck has
shown a lot of excitement and appreciation for my 20 years of hard
work. It's difficult letting go of something I love so much but
finding someone as passionate about music as I am, made this
transition a lot easier."
Jason Aldean said:
"Michael is like a brother to me. He always believed in me as an
artist when nobody else did and you can't put a price tag on that.
He has taught me a lot in this business and I wouldn't have had the
career I have had without him."
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. In its Subsequent Placing under its Placing Programme on
12 April 2019, the Company raised approximately GBP140m of further
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, 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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