Skip to main content

Merck Mercuriadis Scares Up £200 million For Song Rights Fund

LONDON (CelebrityAccess) — Hipgnosis, an investment fund offering investors the opportunity to take a stake in musical intellectual property rights, reports that it has raised £200 million in an initial offering on the London Stock Exchange.

Set up by veteran music manager Merck Mercuriadis, Hipgnosis’ prospectus says it’s team has identified “a pipeline of Catalogues of Songs which contain proven, evergreen Songs from award winning songwriters” that will serve as the asset foundation for the fund’s portfolio.

The catalog includes music from more than “50 global recording artists” and covers hits from the past five decades (a hedging strategy, one presumes) including more than 10 number 1 hit songs in the UK and US and provide exposure to at least 8 songwriters, the prospectus said.

Hipgnosis promises that by leveraging their advisors’ connections and business acumen, they will be able to leverage their catalog rights into “attractive returns and income, with no correlation to equity markets.”

The fund’s advisory team (called The Family in the prospectus) boasts a number of well-known industry figures, including Nile Rodgers, Bill Leibowitz, Ian Montone, and Jason Flom.

The prospectus suggests that the business is potentially lucrative, and targets a net asset value return of “10 per cent or more” per year and seeks to pay an annual dividend yield of 5% per year once fully vested.

The post Merck Mercuriadis Scares Up £200 million For Song Rights Fund appeared first on CelebrityAccess.



from CelebrityAccess https://ift.tt/2NdJRoi
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

AWAL Hires Thomas Fiss As Vice President of Strategic Marketing, North America

LOS ANGELES (CelebrityAccess) – Kobalt’s recording arm AWAL has hired Thomas Fiss as Vice President, Strategic Marketing, North America. In this new role, Fiss will oversee creative multichannel marketing, including conceptualizing and producing content offerings and partner integrations for AWAL artists, to grow relationships with brands, media outlets and other external organizations. Fiss joins AWAL with more than 10 years of music industry and partnership marketing experience. Most recently, he served as a department head at Life is Beautiful Music Festival, where he managed brand partnerships, including strategy and execution. He is also the co-founder of Partner.ly, a software platform that simplifies the artist and brand partnership process. Prior to beginning his marketing career, Fiss was a recording artist signed to Capitol Records in the US. Commenting on their latest hire, AWAL President, North America Ron Cerrito said: “We are reimagining the construct and type of serv...
Post a Comment
Read more

Arctic Monkeys, Hozier & George Ezra Among The Ivors 2019 Nominees

LONDON (CelebrityAccess) – Arctic Monkeys, Hozier and George Ezra are among the nominees for the 2019 Ivors, which were announced earlier today (April 24). Now in their 64th year, The Ivors celebrate, honor and reward excellence in British and Irish songwriting and composing across categories for songs, albums, film, TV and video game scores. Works eligible for this year’s awards were commercially released in the UK in 2018 and have a British or Irish songwriting or composing contribution of at least a third. “The works nominated for The Ivors 2019 are brilliantly diverse, and we’re delighted to see so many first-time nominees recognised,” said Ivors Academy chair Crispin Hunt in a statement. “As the only peer-nominated music award in the country, they are a fantastic reflection of the exciting emerging talent of British and Irish music creators today. Our congratulations to all nominated.” This year’s winners will be revealed during a ceremony at Grosvenor House, Park Lane, ...
Post a Comment
Read more