TIDMSONG
RNS Number : 8285U
Hipgnosis Songs Fund Limited
03 August 2020
3 August 2020
Hipgnosis Songs Fund Limited ("Hipgnosis" or the "Company")
Acquisition of Music Catalogue
The Board of Hipgnosis Songs Fund Limited, the first and only UK
listed investment company offering investors a pure-play exposure
to songs and associated intellectual property rights, and its
Investment Adviser, The Family (Music) Limited, are pleased to
announce that the Company has acquired the music royalty catalogue
of Barry Manilow, who having sold more than 85 million records is
one of the world's bestselling recording artists of all time.
Named the top "Adult Contemporary" chart artist of all time by
both R&R and Billboard, Barry Manilow has had 12 Number 1, 29
Top 10 hits and an astonishing 50 Top 40 singles. A Songwriters
Hall of Fame inductee, his many accolades include receiving the
"BMI Icon Award", Society of Singers' "Lifetime Achievement Award",
American Music Awards' "Favourite Pop/Rock Male Artist" three years
running, a Tony Award, an Emmy Award and 15 Grammy Award
nominations for his work as a producer, arranger, and
performer.
Barry Manilow's incredibly successful career spans almost 50
years from his first self-titled album released in 1973. Since then
he has released a further 39 albums, 29 of which have been
certified platinum, whilst 'Even Now', 'Barry Manilow Live' and
'Greatest Hits' are each certified 3x platinum. His albums span
multiple genres from his contemporary pop albums to his platinum
certified original jazz album '2:00am Paradise Café' as well as
Techno-Jazz, Swing and Broadway show tunes albums. His most recent
original album released in 2011, '15 Minutes', debuted at Number 7
on the Billboard Top 200 and Number 1 on the Independent Chart.
Most recently, Barry Manilow's recording of 'When the Good Times
Come Again' reached Number 12 on the charts making Barry Manilow
the first artist in history to have a Top 20 song in each of the
last six decades.
Barry Manilow's biggest hits include 'Mandy' which was his first
Number 1 in 1975 and remains popular to this day with over 65
million streams on Spotify alone; 'Can't Smile Without You' which
reached Number 1 on the Billboard Adult Contemporary chart and
Number 3 on the Billboard Hot 100 chart; 'Copacabana (At the Copa)'
which saw Barry Manilow win his first Grammy Award for 'Best Male
Pop Vocal Performance' in 1979; 'I Write the Songs' which was
Number 1 in the US and won "Song of the Year" as well as being
nominated for "Record of the Year" at the 1976 Grammy Awards; and
'Looks Like We Made It' which was Number 1 on both the Billboard
Hot 100 and Billboard Adult Contemporary Chart.
In addition to his work as a solo artist, Barry Manilow has
achieved significant critical and commercial success as a producer,
with every album produced for another artist, including those for
Bette Midler, Dionne Warwick, Nancy Wilson, and Sarah Vaughan,
having been nominated for a Grammy Award.
Barry Manilow has also had a successful soundtrack career with
film credits including the Oscar nominated song 'Ready To Take A
Chance Again' from the 1978 film "Foul Play", the production of
Bette Midler's 'Perfect Isn't Easy' from Walt Disney's "Oliver and
Company", and writing and scoring the soundtracks for the animated
features "Thumbelina" and "The Pebble and the Penguin".
Hipgnosis has acquired 100% of Barry Manilow's worldwide
recording royalties (excluding Sound Exchange royalties) in his
Catalogue comprising 917 songs.
Barry Manilow was represented by longtime manager Garry Kief and
lawyer Doug Davis at The Davis Firm.
Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and
The Family (Music) Limited, said:
"Barry Manilow is an International treasure. He's an
incomparable artist, songwriter, arranger, musician and performer.
In the 1970s and 80s he redefined mainstream entertainment and
drove it to new heights of success with truly classic songs. From
'Mandy' to 'I Write The Songs', 'Copacabana' and 'Looks Like We
Made It' he is one of those rare artists that unites everyone. We
are honoured to have Barry and Garry join the Hipgnosis
Family."
Barry Manilow said:
"Merck has created a new type of music company and I'm looking
forward to being part of the family at The Family Music and
Hipgnosis Songs."
Garry Kief said:
"I've known Merck for most of my 40 year career and have always
respected him. At last I finally get to work with him."
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 / Jérémie Birnbaum
(Corporate Finance)
James Bouverat (Sales)
Ocorian - Company Secretary & Administrator Tel: +44 (0) 1481 742614
Mariana Enevoldsen
The Outside Organisation Tel: +44 (0)7711 081
Alan Edwards / Nick Caley 843
FTI Consulting Tel: +44 (0)7771 978220;
Neil Doyle/ Paul Harris/ Laura Ewart +44 (0)7809 411882;
+44 (0)7761 332646
All US music publicity enquiries
Fran Defeo +1 917 767 5255
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 GBP860
million (gross equity capital) through its Initial Public Offering
on 11 July 2018, and subsequent issues in April 2019, August 2019,
October 2019 and July 2020. 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, Jason Flom, Rodney Jerkins,
Bjorn Lindvall and Chris Helm.
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END
ACQRBMATMTJJBAM
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August 03, 2020 02:00 ET (06:00 GMT)
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