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“We only buy directly from songwriters because I’m looking to empower songwriters and the songwriter community.” Other chart-topping deals
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“As songwriters, they’re effectively giving their children to surrogate parents, and they know they can trust me and that I’ll respect their art and only use songs in ways they’re comfortable with. “These are highly emotional transactions,” said the Hipgnosis CEO. In an interview with Rolling Stone in October, Mercuriadis emphasised that he was “not in the publishing business, I’m in the song-management business”. Top of the ‘song-management’ popsĬo-founded by Merck Mercuriadis and legendary producer Nile Rodgers, Hipgnosis has raised £1.2bn from investors since launching and has acquired more than 120 catalogues to date for artists including Blondie, Barry Manilow, Timbaland and the Kaiser Chiefs. With hit tracks including Hips Don’t Lie and 2010 Fifa World Cup theme Waka Waka, Shakira has sold a total of more than 80 million records, won three Grammys and has nearly 20 billion views for the videos on her official YouTube channel.
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In the past couple of weeks alone, Hipgnosis has announced the acquisition of Jimmy Iovine’s production royalties, as well as 100% of Fleetwood Mac guitarist Lindsey Buckingham’s publishing catalog, plus 50% of Neil Young’s publishing catalogue.Īnd the acquisition of 100% of Shakira’s music publishing rights – including both publisher and writer’s share – marks another “major-league music asset”, adds Music Business Worldwide. Since launching in 2018, the music investment company has spent “£1.1bn snapping up rights” and “is already in talks on spending a further £1bn on deals” this year, the paper reports. Hipgnosis is “leading the charge” in song rights acquisitions, says The Guardian. The Week Unwrapped podcast: Cut-price music, Brexit fur and a presidential trioĬolombia-born Shakira - the best-selling female Latin artist of all-time - has sold the rights to her entire catalogue of 145 songs to London-based Hipgnosis Songs Fund for an “undisclosed sum”, reports ShareCast.Universal buys rights to Prince’s ‘legendary’ music vault.