TIDMSONG
RNS Number : 9996P
Hipgnosis Songs Fund Limited
16 October 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 Timbaland, an
American record producer, rapper, singer, songwriter and DJ who is
widely regarded as the most successful and influential producer in
the history of Hip Hop.
Timbaland has received 13 Grammy Award nominations, winning two,
and has produced some of the most important albums of the last 25
years including Nelly Furtado's 'Loose', three Platinum and
Multi-Platinum Missy Elliot albums and all of Justin Timberlake's
albums which have reached Number 1 across the world.
'Loose', released in 2006, was Nelly Furtado's first Number 1
album selling over 12 million copies globally and includes the US
Number 1 singles 'Promiscuous' and 'Say it Right' in addition to
the iconic Platinum certified 'Maneater'.
Justin Timberlake's albums have sold an aggregate 32 million
copies globally and include the 2006 hit Songs 'SexyBack' which was
certified 3x Platinum in the US and reached Number 1 in 9 Countries
including the US and UK; 'My Love' and 'What Goes Around...Comes
Around', both Number 1s and certified Platinum in the US as well as
the 3x Platinum 'Suit and Tie' released in 2012.
The Catalogue also contains Songs performed by some of the
biggest global Hip Hop and R&B artists such as Aaliyah, Jay-Z,
50 Cent, Madonna, 2 PAC, Rihanna, OneRepublic and Drake. These
include Jay Z's 4x Platinum 'Holy Grail' featuring Justin
Timberlake released in 2011 and Aaliyah's US Number 1 'Try Again'
released in 2000.
In addition, Timbaland has had significant commercial success as
a solo artist with his 2007 Platinum album 'Shock Value' which
featured the US Number 1s 'Give It to Me' featuring Nelly Furtado
and Justin Timberlake; 'Apologise' featuring OneRepublic; and the
3x Platinum 'The Way I Are' featuring Keri Hilson, D.O.E. and
Sebastian.
The Timbaland catalogue that Hipgnosis has acquired comprises
108 albums and songs.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"Ask any of today's greatest creators who their biggest
influences are and the one name that appears on everybody's list is
Timbaland. His iconic records with Aaliyah, Jay Z, Missy Elliot,
Nelly Furtado, and Justin Timberlake amongst many others are iconic
and will be remembered forever."
Timbaland said:
"Merck is a visionary who I know appreciates the value of my
musical life work. My music is in great hands."
Gary Marella, Manager to Timbaland, said:
"It's important to all creators that their work is in the right
hands. Merck's respect for music creators is unparalleled. We are
pleased to have part of Tim's iconic catalogue with Merck and
Hipgnosis."
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)
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 approximately
GBP395 million (gross equity capital) through its Initial Public
Offering on 11 July 2018, and subsequent placings in April 2019 and
August 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.
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END
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