The Merck Mercuriadis-founded company visited the LSE on Friday (November 15) with Nile Rogers – a board member the company’s investment adviser The Family (Music) Limited – to celebrate its admission to the Premium Segment, and its completion of four equity fundraises since its launch in June 2018.
Hipgnosis Songs Fund allows investors to benefit from all the revenue streams that songs deliver from streaming to being used on TV, ads and movies.
Since its IPO last summer, Hipgnosis has acquired stakes in song catalogs created by the likes of Giorgio Tuinfort (David Guetta), Teddy Geiger (Shawn Mendes), The-Dream (Justin Bieber, Rihanna), Poo Bear (Chris Brown, Justin Bieber), Itaal Shur (Santana), Bernard Edwards (Chic), Tricky Stewart (Rihanna, Beyoncé), TMS (Jess Glynne, Little Mix), The Chainsmokers and Benny Blanco.
Hipgnosis has also recently bought up rights to No.1 songs such as Yeah by Usher, Check On It by Beyoncé, We Belong Together by Mariah Carey and Be Without You by Mary J. Blige, and snapped up a music catalog from American songwriter, producer and singer Brittany Hazzard, aka Starrah.
The company has raised over £625 million of equity capital since IPO and has acquired some of the biggest songs released over the last 50 years.
“Nile Rodgers and I are honoured to be have been invited back to the London Stock Exchange to celebrate Hipgnosis’ continuing success as a listed fund, and its migration to the Premium Segment.”
Merck Mercuriadis said: “Nile Rodgers and I are honoured to be have been invited back to the London Stock Exchange to celebrate Hipgnosis’ continuing success as a listed fund, and its migration to the Premium Segment.
“I started Hipgnosis to give the investment community access to the predictable and reliable revenues generated by proven songs.
“Proven songs are the currency on which the music industry trades and I’m delighted they now have an opportunity to provide excellent returns for our investors. It has never been more important for investors to have uncorrelated opportunities and it’s exciting to have established SONGS as an asset class that is comparable to gold and oil.
“I am very grateful for all the support from our shareholders who have backed us with over £625 million raised in the 16 months since launch. We have acquired some of the most culturally important songs of all time and lined up the finest available song catalogues for deploying the capital raised over the summer”.
Music Business Worldwide