TIDMRHM
RNS Number : 9836Q
Round Hill Music Royalty Fund Ltd
02 November 2021
2 November 2021
ROUND HILL MUSIC ROYALTY FUND LIMITED
("RHM" or the "Company")
Long-term administration deal for members of Supertramp
Additional catalogue of vintage, high quality rock hits
The Board of Round Hill Music Royalty Fund Limited is pleased to
announce that the Company has entered into a long-term agreement to
administer 100% of the neighbouring rights income, generated from
the master recordings, of three long-standing members of the highly
successful British rock group, Supertramp (the "Catalogue").
Key Highlights
The Catalogue includes:
-- 39 original recordings.
-- Numerous timeless hits such as "The Logical Song", "Take the
Long Way Home", "Breakfast in America", "Goodbye Stranger" and
"Give a Little Bit".
-- 100% neighbouring rights income of songs from the catalogue
of long-time band members Douglas Thomson, Bob Siebenberg and John
Helliwell.
Background to the Catalogue
Supertramp was an English rock band from London, formed in 1969
by Roger Hodgson and Rick Davies, who are distinguished artists and
well known for their ability to blend progressive rock and pop
styles. Supertramp's peak was in 1979, following the release of
their album "Breakfast in America", which yielded the international
top 10 singles "The Logical Song", "Breakfast in America", "Goodbye
Stranger" and "Take the Long Way Home". In 2007 Supertramp's album
sales exceeded 60 million, with the group becoming increasingly
popular across North America, Europe, South Africa, Australia and
particularly in Canada, where it had No. 1 singles with "The
Logical Song" and "Dreamer".
Catalogue Details
-- The Catalogue includes Supertramp's biggest hit "The Logical
Song", which became No. 1 in Canada, No. 7 in the UK and No. 6 on
the US Billboard chart.
-- These timeless hits have also featured in multiple TV shows,
radio and TV advertisements and in the multiple award-winning film
"I, Tonya".
Disclosure of Financial Detail
Due to commercial sensitivities, the Company is unable to
disclose financial details for each acquisition or deal as it
occurs. However, on completion of the investment of proceeds from
the C Share fundraise of US$86.5 million, together with the
remaining undrawn balance of its existing revolving credit
facility, the Company will make further financial disclosures.
Trevor Bowen, Chair of Round Hill Music Royalty Fund,
commented:
"We are delighted to administer the neighbouring rights income
from Supertramp's biggest hits from the Catalogue of these three
long-time band members. These are timeless and iconic songs that
have huge income generating potential, creating strong returns for
Shareholders and adding depth to the progressive pop/rock genre in
the Company's portfolio."
Josh Gruss, Chairman and CEO of Round Hill, the Company's
investment manager, commented:
"As a rock fan and guitarist myself I am really pleased to
announce this latest deal. Supertramp is a globally known band with
a vast catalogue of stable income generating songs that multiple
generations will recognize and listen to. For example, previously
both Amazon and Hershey's have used "Give A Little Bit" as the
backing music to their television advertisements."
Supertramp commented:
"Three of us from Supertramp - Dougie Thomson, Bob Siebenberg
and John Helliwell - of the classic 70s and 80s line up, are
pleased to announce that we have come to an agreement with Round
Hill for a long-term agreement to administer our future
neighbouring rights income."
FOR FURTHER INFORMATION
Round Hill
Josh Gruss, Chairman and CEO via Buchanan below
Neil Gillis, President
Steve Clark, COO
Cenkos
Sales:
Justin Zawoda-Martin +44 20 7397 1923
Daniel Balabanoff +44 20 7397 1909
Andrew Worne +44 20 7397 1912
Corporate:
James King +44 20 7397 1913
Will Talkington +44 20 7397 1910
Buchanan
Charles Ryland +44 20 7466 5107
Henry Wilson +44 20 7466 5111
Hannah Ratcliff +44 20 7466 5102
Notes:
Unless the context otherwise requires, capitalised terms used in
this announcement have the meanings in the Prospectus.
The Company is a non-cellular Guernsey company. The Company's
Investment Objective is to provide investors with an attractive
level of regular and growing income and capital returns from
investment primarily in high quality, music intellectual property.
In order to achieve its Investment Objective, the Company will
invest in a songwriter's copyright interest in a musical
composition or song (being their writer's share, their publisher's
share and their performance rights) together with the rights in the
recording of the musical composition or song (known as the master
recording rights) together with all such rights and assets
considered by its investment manager, Round Hill Music LP ("Round
Hill"), to be ancillary thereto.
Founded in 2010, Round Hill is a fully integrated owner and
operator of music copyright properties and the sixth largest music
publishing company in the US. Headquartered in New York with
additional offices in Nashville, Los Angeles and London, Round Hill
has an experienced management and investment team with an
established reputation and extensive experience in the music and
finance industries.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
RNS may use your IP address to confirm compliance with the terms
and conditions, to analyse how you engage with the information
contained in this communication, and to share such analysis on an
anonymised basis with others as part of our commercial services.
For further information about how RNS and the London Stock Exchange
use the personal data you provide us, please see our Privacy
Policy.
END
AGRDKDBPOBDDBDK
(END) Dow Jones Newswires
November 02, 2021 03:00 ET (07:00 GMT)
Round Hill Music Royalty (LSE:RHM)
Gráfica de Acción Histórica
De Mar 2024 a Abr 2024
Round Hill Music Royalty (LSE:RHM)
Gráfica de Acción Histórica
De Abr 2023 a Abr 2024
