[19] The Family (Music) Limited, an advisory board that included Mercuriadis, Rodgers, Starrah, The-Dream, David A. Stewart, Nick Jarjour, Bill Leibowitz, and Ian Montone was established in 2018. From Giorgio Tunifort’s catalogue. Hipgnosis Songs Fund Limited operates as an investment company. [31], Hipgnosis raised £49.9 million in August 2019, and an additional £233.7 million in October,[32] bringing its "acquisition warchest" to nearly £650 million. $1.65. About Coronation. Investor Relations. Mercuriadis stated in a February 2019 interview: "Nile [Rodgers] and I, one day, just started riffing off of these ideas of how do we change this system, how do change what’s going on today where the songwriter – who provides the most important component in an artist having success –  is the lowest person on the totem pole?" Hipgnosis Songs is an Investment Trust To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs … [12] In September 2020, the company acquired the American music publisher Big Deal Music, adding 4,400 copyrights to the company's portfolio. +0.02 (+1.23%) DATA AS OF Feb 01, 2021. "[25], Prior to a second raise of £146.5 million in April 2019, Hipgnosis acquired the 182-song catalogue of Giorgio Tuinfort, including more than 15 UK Top 10 singles with David Guetta; Itaal Shur (209 songs, including "Smooth"), the 249-song catalogue of Johnta Austin, ("We Belong Together" by Mariah Carey, "Be Without You" by Mary J Blige); 588 songs by Sean Garrett, including "Yeah", Ciara's "Goodies, and "Check on It by Beyoncé; and the 245 song catalogue of Rico Love, including ""Without You" by David Guetta. The acquired catalogues had been owned by Kobalt Capital's first fund, including Nettwerk, 50 Cent, Skrillex, The B-52s, Enrique Iglesias, and Steve Winwood. On July 7, following the release of its FY2020 annual report—which disclosed that Hipgnosis had generated £65.661 million in revenue during its 2020 fiscal year—the company's share price hit an all-time high of nearly £1 billion. From The-Dream and Tricky Stewart’s catalogues. [23] Following the listing, the company reported that it had acquired a 75 percent interest in its first music rights catalog from musician The-Dream for £18.83 million. Live SONG RNS. Focused on songs and associated musical intellectual property rights, it was founded on the premise that hit songs are long-term predictable assets unaffected by economic cycles that will increase in value as the worldwide music streaming market grows. [44] Hipgnosis also bought a 50% stake in the publishing, neighbouring rights and recording catalogue of Rick James in November. The principal activity of the Company is to act as a holding company for a group of investment management companies. Add to Portfolio. Big Deal was renamed Hipgnosis Songs Group. April 28, 2021 FY2020 Earnings Announcement in Tokyo ; April 28, 2021 Consolidated Financial Results for the Fiscal Year Ended March 31, 2021 Filing April 28, 2021 Notice Regarding the Setting of Parameters for Repurchase of Shares of Common Stock (Repurchase of Shares Under the Provision of Sony’s Articles of Incorporation Pursuant to Article 459, Paragraph 1 of the … [33], In January 2020, former blink-182 guitarist Tom DeLonge sold his publishing rights to Hipgnosis. Institutional investors own over 50% of the company, so together than can probably strongly influence board decisions. Justin Bieber - Baby. Hipgnosis Songs Fund raises over $100 mln on online music streaming boom. Hipgnosis Songs has acquired many assets, for example, in the first full week of 2021 its board announced three catalogue acquisitions, which include the work of Neil Young, Fleetwood Mac musician Lindsey Buckingham, and Jimmy Iovine who has worked with U2 and Eminem. Latest Updates Presentation AT&T & Discovery, Inc. to Host Investor Meeting on May 17 05/17/2021 News AT&T’s WarnerMedia and Discovery, Inc. Hipgnosis Songs Fund Limited (HPGSF) Nasdaq Listed. Rihanna - Umbrella ft. JAY-Z. Discover our operational and financial performance for the first quarter of 2021. Hipgnosis Songs Fund pays out 0.82% of its earnings out as a dividend. Round Hill Acquires Catalog of Massive Attack’s Robert Del Naja and Grant Marshall. London-listed fund Hipgnosis Songs ( LSE: SONG) has raised over £1bn from investors looking to buy into a new, diversified asset class: music rights and royalties. Jimmy Iovine has officially sold his producer catalog to Hipgonsis Songs Fund. [3] In addition to acquiring songs and songwriter catalogues, the company manages the playlist, cover, interpolation, and synchronization revenues of its IP. This music royalties fund, which seeks to receive and build on the income generated from songs, has successfully issued equity several times since then, helping to take its market capitalisation past £1bn and elevating it into the FTSE 250 index. We note that hedge funds don't have a meaningful investment in Hipgnosis Songs Fund. [9] In July 2020, it was reported that the Hipgnosis music rights portfolio, consisting of approximately 13,300 songs, had been independently valued at more than £760 million. [21] Its prospectus stated that there was a "unique market opportunity as technology disruption is changing the way music is consumed." [22] At its July 10, 2018 launch on the British Stock Exchange, Hipgnosis Songs Fund raised £202m, well over its goal. [16][12], Hipgnosis Songs Fund was founded by Merck Mercuriadis, who has managed artists including Elton John, Iron Maiden, Morrissey, Beyoncé, and Nile Rodgers. [53] Hipgnosis also acquired the catalogue of songwriter Andrew Watt. Founded by Merck Mercuriadis, Hipgnosis Songs Fund is the only fund listed on the London Stock Exchange that offers investors pure-play exposure to Songs and associated music IP rights and has raised over £200m in an … February 5, 2021. You can also review target market information for specific funds - this will help you review if the relevant funds are in line with your client's needs. Mercantile Investment Trust (LSE: MRC) is a large British investment trust dedicated to investments in medium and smaller companies in the United Kingdom. Hipgnosis Songs Fund Limited (LON:SONG) announced that it has acquired a catalogue from Lindsey Buckingham, the lead guitarist and vocalist of Fleetwood Mac. [28] Five songs co-owned by Hipgnosis appeared in the Top 10 on Billboard's Hot 100 of the decade chart. [43], In November 2020, Hipgnosis acquired 42 catalogues from Kobalt Music Group, comprising 1,500 songwriters and 33,000 songs, for $322.9 million. The Hipgnosis Songs Fund Ltd. fund holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. The target of £190 million was hit in 72 hours, bringing the fund's total raise to £1,052 bn, £392m of which was raised in two months. Coronation is an active investment manager following a long term valuation-driven investment philosophy, Coronation currently manages $41.4 billion in client assets. [45] In December 2020, Hipgnosis Songs Fund reached a £1.25b market cap. and the English language version of "Despacito"; a 37.5% stake in Chic co-founder Bernard Edwards' catalogue, which comprised 290 songs including "Everybody Dance", "Le Freak," "I Want Your Love" and "Good Times"; the 121-song catalogue of TMS, including "Don't Be So Hard On Yourself" for Jess Glynne, and "Wings" and "DNA" for Little Mix; and the 121-song catalogue of Tricky Stewart, who co-wrote many of The-Dream's hit songs, including "Me Against the Music" (by Britney Spears and Madonna), and Mariah Carey's "Touch My Body. Q1 2021 Financial Results and Q&A Webcast Q1 2021 Financial Results and Q&A Webcast Listen to Webcast Download Shareholder Deck. Hipgnosis Songs Fund is a British Guernsey-registered music IP investment and song management company founded by Merck Mercuriadis and Nile Rodgers in 2018. [29] In December 2019, Hipgnosis added the first four studio albums by Kaiser Chiefs,[30] and the songwriting catalogue of Jack Antonoff to its repertoire. Careers. We're not picking up on any analyst coverage of the stock at the moment, so the company is unlikely to be widely held. [47] Hipgnosis also acquired the catalogue of Fleetwood Mac member Lindsey Buckingham,[48] a 50% stake in the catalogue of Neil Young,[49] all 145 of Shakira's songs,[50] and 43 songs produced by Bob Rock. [27] The catalogue comprises 108 albums and songs with collective sales in excess of 32 million. U.S. songwriter Carole Bayer Sager, famed for the James Bond theme "Nobody Does It Better", has become the latest artist to sell her catalogue to Hipgnosis Songs Fund… From Giorgio Tunifort’s catalogue. As of October 2019, Hipgnosis Songs Fund holdings included more than 6000 songs, with hits from every decade since the 1950s, valued at £1.2 billion. SONG's next dividend payment will be made to shareholders of record on Friday, May 28. At Capital Group, home of American Funds, we have only one goal: to help you achieve yours. The investment vehicle was founded by Merck Mercuriadis, the former manager of internationally renowned … (The Chainsmokers ft. Halsey's "Closer", "Uptown Funk" by Mark Ronson, "Shape of You" by Ed Sheeran, Maroon 5 ft. Cardi B, "Girls Like You", and "Despacito" by Luis Fonsi & Daddy Yankee ft. Justin Bieber). Prior to this, he was an accountant trainee at Binder Hamlyn. David Guetta - Titanium ft. Sia. Investor relations contacts. The company raised £236.4 million, its largest equity raise, bringing Hipgnosis' total raise to more than £862 million. Established in 1884, the company is a constituent of the FTSE 250 Index.The chairman is … James Henderson is Director of UK Investment Trusts and a Portfolio Manager at Janus Henderson Investors, a position he has held since 2003. [20], Hipgnosis Songs Fund went public in July 2018; an earlier plan to float the company in the UK had been postponed to conduct further due diligence. The Company offers play exposure to songs and associated musical intellectual property rights. Hipgnosis Songs. Reid also joined the Hipgnosis advisory board. Founded in 2018 by Merck Mercuriadis, Hipgnosis Songs Fund was established to offer investors a pure-play exposure to songs and associated musical IP rights. SONG Dividend Date. Investor Relations. Hipgnosis Songs Fund pays an annual dividend of GBX 0.05 per share, with a dividend yield of 0.04%. [4][5], Hipgnosis Songs Fund has raised £1.052 billion to fund acquisitions since it was established in 2018. Founded in 2018, Hipgnosis pays musicians and rights holders lump sums to acquire the rights to their music. [39] It subsequently acquired the catalogs of Jerkins, RedOne, and Barry Manilow,[40][41][10] bringing its portfolio to approximately 13,300 songs. [17] Mercuriadis believed that a rights and song management company with substantial assets could change the existing economics of publishing for songwriters, and in 2018, building capital by offering investors pure-play exposure to songs and associated musical intellectual property rights in place, Hipgnosis Songs Fund was formally founded. Your goals are what matter. During the year Hipgnosis invested £560m in 42 catalogues taking the total to 54 from artists and song-writers such as Journey, Timbaland and Mark Ronson. [13], Hipgnosis Songs Fund was listed on the main market of the London Stock Exchange in July 2018 and transferred to the premium segment of the main market in November 2019. Coronation Fund Managers. From The-Dream and Tricky Stewart’s catalogues. "[46] Iovine stated that proceeds generated from the purchase would fund a new high school in Los Angeles as part of the USC Iovine and Young Academy. Jimmy Iovine Sells Music Catalog to Help Build High School. Regulatory News Articles for Hipgnosis Songs Fund Limited Ord Npv", "Hipgnosis Songs Fund is now worth $1.7bn… and is on course to generate $120m-plus this year", "A Conversation with Nile Rodgers and Merck Mercuriadis", "Industry Bomb Thrower Merck Mercuriadis On Disrupting The Music Business [INTERVIEW]", "Interview: Merck Mercuriadis, the man mining gold from old hits", "Hipgnosis Songs Fund buys music catalog from Grammy-winning songwriter & producer Rodney Jerkins", "Music veteran's Hipgnosis trust returns for second attempt at IPO", "Intention to Float - RNS - London Stock Exchange", "Going for a song − the Hipgnosis Songs Fund", "Investment fund backed by song royalties signs up hits from major stars", "The facts and figures on the Hipgnosis publishing revolution", "Hipgnosis Songs Raises $185 Million to Acquire More Hits", "Hipgnosis Songs Acquires Timbaland Catalog", "Hipgnosis acquires Kaiser Chiefs master rights", "Hipgnosis Acquires Jack Antonoff Catalog, Including Hits for Taylor Swift and Fun", "Merck Mercuriadis' Hipgnosis raises another $295m", "London Stock Exchange admits Hipgnosis Songs Fund to Premium Segment of Official List", "Hipgnosis Snags 'All the Small Things' & More By Former Blink-182 Member Tom DeLonge", "Mark Ronson Joins the Slate of Hit Artists Selling Their Songs to Merck Mercuriadis", "Hipgnosis Songs Acquires 70% of Mark Ronson's Publishing Catalog", "Hipgnosis market cap tops $900m as share price hits all time high", "Hipgnosis exceeds £200m fundraising target", "Royalties investment firm buys catalogue of Lady Gaga collaborator", "Publishing Briefs: Rodney Jerkins Puts Hipgnosis Under His Spell, Primary Wave Acquires Stake in Devo", "Hipgnosis becomes a fully-fledged publisher, buying Big Deal Music to form Hipgnosis Songs Group", "Hipgnosis acquires catalogue of LA Reid, exec also appointed to advisory board", "Hipgnosis Acquires 33,000 Songs From Kobalt Fund in $323 Million Deal", "Hipgnosis buys 50% stake in Rick James catalog, including master rights", "Jimmy Iovine Sells Producer Catalog Royalties to Hipgnosis (So He Can Build a School)", "Jimmy Iovine Sells Producer Catalog to Hipgnosis Songs Fund", "Hipgnosis fully acquires Lindsey Buckingham song catalog, including 100% writer and publisher share of Fleetwood Mac hits", "Hipgnosis acquires 50% of Neil Young's song catalog for around $150m", "Shakira is the latest star to sell the rights to her songs", "Hipgnosis acquires catalog from Michael Buble and Metallica producer Bob Rock", "Hipgnosis buys catalog of Nobody Does It Better writer Carole Bayer Sager, likely for around $10m", "Red Hot Chili Peppers to Sell Catalog for $150 Million", "Hipgnosis acquires 105 songs from Grammy-winner Andrew Watt in eight-figure deal", Henderson Smaller Companies Investment Trust, JPMorgan Emerging Markets Investment Trust, JPMorgan European Smaller Companies Trust, Sequoia Economic Infrastructure Income Fund, Templeton Emerging Markets Investment Trust, https://en.wikipedia.org/w/index.php?title=Hipgnosis_Songs_Fund&oldid=1023005626, Music publishing companies of the United Kingdom, Companies listed on the London Stock Exchange, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 13 May 2021, at 19:26. [24], By the end of 2018, Hipgnosis acquired the Poo Bear catalogue of 214 songs, including Justin Bieber's "What Do You Mean?" Data is currently not available. Rodney Jerkins joined the advisory board in July 2020. Hipgnosis raised £250m ($343.5) last September to fund its dealmaking spree and said it had a pipeline of deals worth £1bn. From Benny Blanco’s catalogue. Trading as SONG, it was one of two investment trust IPOs that were oversubscribed that year. RHM is led by an experienced investment team with an established reputation and proven track record. [6][7] At the close of its first full year as a publicly traded company, its catalogue totaled more than 5,000 songs; of those, approximately 2,000 had been #1 hits somewhere in the world, and 4,000 had reached the Top 10. This Investor Relations site contains information about Microsoft Corporation and provides information about the business relevant to shareholders, potential investors… The Company focuses primarily on managing equity investments. The portfolio will be acquired by investing in Catalogues of Songs from well-known songwriters and recording artists; however, each Song will be considered to … Add to Watchlist. Bruno Mars - Versace on the Floor. Careers. [35][36], On 2 July 2020, to fund new investments to build a "pipeline of catalogs with an acquisition value of over £1bn," Hipgnosis announced that it sought to raise an additional £200 million through issuing a new tranche of class C shares. Music royalties offer different types of exposure but also different risks, Music royalties funds are gaining in popularity with Hipgnosis Songs Fund's market cap now over £1bn, The investment case for music royalties funds is strong but they come with several risks, Actionable investment ideas and recommendations. 5/28/2021. Music publishing veteran Richard Rowe has been named executive vice president of Hipgnosis Songs, effective immediately, founder Merck Mercuriadis announced. Fund research tool. Learn how we make it happen. The company then makes its money through royalty rights from streaming and by placing songs in TV and films. Fixed income investors. Rowe began his career at CBS Records in 1979 as a lawyer in its business affairs department before rising through the ranks to become president of Sony Music Publishing from 1991 to 2005. [37][38], Hipgnosis exceeded its July 2020 fundraising goal of £200 million after its new share placing was oversubscribed. Round Hill Music is a private equity firm exclusively dedicated to investments in revenue generating music copyright assets. [8] Five songs co-owned by Hipgnosis Songs Fund appeared in the Top 10 on the Billboard Hot 100 of the decade chart. Documents and Events. HIPGNOSIS SONGS FUND LIMITED SONG Company page - Search stock, chart, recent trades, company information, trading information, company news, fundamentals Discover Start your journey here [25][26] In October 2019, the company acquired Timbaland's catalogue, which included all six albums by Missy Elliot, and the five Justin Timberlake albums that Timbaland produced. [54], 2018: Founding, debut on London Stock Exchange, 2019: Acquisitions, second and third raise, listing on LSE Premium segment, 2020-present: Acquisition of Kobalt Capital, Hipgnosis Songs Group, FTSE 250 Index, "Hipgnosis Songs Raises Another $63 Million", "Hipgnosis: Sweet dreams are made of song royalties", "Investors in Search of Yield Turn to Music-Royalty Funds", "Business interview: Music man turning up the volume on the hit parade", "Hipgnosis is raising another $318m to buy 50 catalogs (which it's already lined up)", "Hipgnosis Songs Raises Another $295 Million", "Going for a song: The £350m fund making money from pop hits", "Having spent $665m on songs, Hipgnosis now owns slices of Shape Of You and Uptown Funk", "Barry Manilow Sells Song Catalog to Hipgnosis", "Hipgnosis revenues topped $80m in FY2020 – now it's raising another $250m", "Hipgnosis Songs Fund surpasses £1bn market cap valuation", "This Man Is Betting $1.7 Billion on the Rights to Your Favorite Songs", "FTSE UK Index Series - Quarterly Review March 2020", "Hipgnosis Song. In business for nearly 90 years and with more than $2.2 trillion * in assets under management, we've helped millions of investors pursue their goals. Search for funds available within our Investment Centre by fund group and sector, in addition to accessing the fund factsheets and Key Investor Information Documents (KIID). Also, there is a general buy signal from the relation between the two signals where the short-term average is … Feb 5 (Reuters) – Hipgnosis Songs Fund said on Friday it had raised 75 million pounds ($102.95 million) through a share sale, as the investment firm seeks to cash in on the explosion of online music streaming during the COVID-19 pandemic. [37], In August 2020, Hipgnosis's market cap exceeded £1 bn. Close. It has been a constituent of the FTSE 250 Index since March 2020. [18] The company was named after Hipgnosis, the art and design group founded by Storm Thorgerson and Aubrey Powell. Jupiter Fund Management plc is a fund manager. The investment case for music royalties funds is strong but they come with several risks. [10][11] Its market cap surpassed £1 bn in August 2020. Regulatory News. Hipgnosis Songs Fund is a British Guernsey-registered music IP investment and song management company founded by Merck Mercuriadis and Nile Rodgers in 2018. London Stock Exchange today welcomed Hipgnosis Songs Fund Limited to trading on the Specialist Fund Segment of the Main Market. Latest consensus estimates. Focused on songs and associated musical intellectual property rights, it was founded on the premise that hit songs are long-term predictable assets unaffected by economic cycles that will increase in value as the worldwide music …

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