TIDMSONG
RNS Number : 9069Y
Hipgnosis Songs Fund Limited
07 January 2020
7 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 Tom DeLonge, an
American musician, singer, songwriter, producer, and co-founder of
one of the millennium's most popular bands, Blink-182.
Tom DeLonge is a hugely prominent and influential musician; he
achieved great success as guitarist and vocalist of pop punk band,
Blink-182, which rose from the Southern California punk scene of
the early 1990s. The band has received 18 awards from 29
nominations, including MTV Europe Music Awards for "Best New Act"
in 2000 and "Best Rock Act" in 2001, "Favourite Band" at the
Nickelodeon Kids' Choice Awards in 2001 and Teen Choice Awards for
"Choice Rock Group" and "Best Rock Group" in 2000 and 2001
respectively. The music of Blink-182 is considered to be one of the
key influencers of the development of the genre, selling over 13
million albums in the US and over 50 million albums worldwide to
date.
The band's first studio album, 'Cheshire Cat', was released in
1995, bringing the band great success in and outside of the San
Diego punk scene. 'M+M's' and 'Wasting Time' were released as
singles to promote the album, and received popularity locally
through radio play. The album is cited by bands and fans as an
iconic release, and its popularity spread to the UK where it was
certified silver. The second album, 'Dude Ranch', was released in
1997 and was the band's major record label debut. Album sales
increased dramatically when lead single 'Dammit' was released, a
radio hit single that helped the band gain mainstream credibility.
The single, which has been streamed over 150 million times, spent
28 weeks on Billboard's Hot Modern Rock Tracks chart reaching
Number 11, nine weeks on the Mainstream Rock Tracks chart peaking
at Number 28 and nine weeks on the all-genre Billboard Hot 100. The
album included three further singles; 'Apple Shampoo', 'Dick Lips'
and 'Josie', and was certified platinum in 1999.
The band's third album, 'Enema of the State,' was an enormous
commercial success following its release in 1999, selling over 15
million copies worldwide and inspiring a second wave of the pop
punk music genre. Three singles were released from the album:
'What's My Age Again?', 'All the Small Things', and 'Adam's Song',
all of which became major radio and MTV hits. The single, 'All The
Small Things', which is certified platinum in the UK, Italy and
Australia, was released in early 2000 and became the band's most
successful single. The song, which has been streamed over 390
million times on Spotify, reached Number 1 on the Modern Rock
Tracks chart, Number 2 on the UK Singles chart, Number 6 on the
Billboard Hot 100 and charted within the top 20 in ten other
countries. 'All The Small Things' was selected by Rolling Stone as
one of the '100 Greatest Pop Songs' and has appeared on film and
gaming soundtracks, marking its cultural significance. The music
video won 'Best Video' at the 2000 Kerrang! Awards and 'Best Group
Video' at the MTV Video Music Awards in the same year.
The band's fourth album 'Take Off Your Pants and Jacket'
continued their run of phenomenal commercial success selling more
than 14 million copies worldwide in 2001 / 2002 as well as
achieving tremendous critical acclaim. The album produced three hit
singles that were all top ten hits on modern rock charts; 'The Rock
Show', 'Stay Together for the Kids' and 'First Date'. The album
debuted at Number 1 in the US, Canada and Germany, and was the
first punk rock record to debut at Number 1 on the US Billboard 200
with first-week sales of 350,000 copies. Billboard attributed the
success of the album as a result of the first single, 'The Rock
Show', which reached Number 2 on Billboard's Modern Rock Tracks
chart and in recent years has been streamed over 150 million times.
The album was ranked as one of 'The 50 Best Rock Albums of the
2000s' by Kerrang! in 2016.
In 2003 the band released an untitled fifth album, also known as
'Blink-182', which sold 7 million copies worldwide. Four singles
were released from the album; 'Feeling This', 'I Miss You', 'Down'
and 'Always', the most successful being 'Feeling This' and 'I Miss
You'. 'Feeling This' reached Number 2 on Billboard's Modern Rock
Tracks chart, was a top 20 hit in the UK and Australia and has been
streamed over 150 million times. 'I Miss You' reached Number 1 on
Billboard's Modern Rock Tracks chart, and reached Number 8 on the
UK Singles chart and has since been streamed over 500 million
times. The album debuted at Number 3 on the US Billboard 200
chart.
After leaving Blink-182 in 2004, Tom DeLonge started the band
'Angels and Airwaves', which received four MTV Video Music Awards
nominations in 2006, and has released five albums to date; 'We
Don't Need to Whisper' (2006), 'I-Empire' (2007), 'Love' (2010),
'Love: Part Two' (2011) and 'The Dream Walker' (2014).
In 2011 Tom DeLonge reunited with his 'Enema Of The State' era
bandmates to make a 6th Blink-182 album 'Neighborhoods' which
debuted at number 3 on the Billboard charts and has achieved gold
status in the US, UK and Australia.
Hipgnosis has acquired 100% of Tom DeLonge's copyrights on this
Catalogue which consists of 157 songs.
Merck Mercuriadis, Founder of The Family (Music) Limited and
Hipgnosis Songs Fund Limited, said:
"The influence of Blink-182 on today's artists is massive. If
you're under 27 years old and making music they are a seminal band.
They had angst, they had energy, they had humor but most
importantly they had incredible songs and Tom is at the core of
that. It's an honour to welcome him into the Hipgnosis Family".
Tom DeLonge said:
"It is an honor to have been playing music for so many years and
to be in a position to partner with the great team at Hipgnosis to
support my work. This is now a perfect opportunity for me to not
only celebrate my past, but to also give me the foundation to
create more music for many decades to come."
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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