Hipgnosis Songs Fund has acquired once more.
This time, the UK based mostly firm has purchased the music catalog of four-time Grammy winner Rodney Jerkins (aka Darkchild).
Hipgnosis has acquired 100% of Jerkins’ Writer’s Share of Income in his early works and 100% of his Publishing curiosity and Writer’s Share of Income in his later works, which in complete comprise 982 songs.
Jerkins will even be becoming a member of the Advisory Board of Hipgnosis’ Investment Advisor, The Family (Music) Limited, with speedy impact.
The information of the acquisition comes only one week after Hipgnosis, which trades on the London Stock Exchange, increased the quantity of debt it may well entry so as to proceed its aggressive acquisition technique, having secured a rise to its Revolving Credit Facility from GBP £150m (circa $188m) to USD $400m.
That information got here simply two weeks after the corporate raised nearly $300m through the sale of C shares.
Rodney Jerkins is a producer, rapper, composer and songwriter who rose to prominence in 1997 having co-written, organized and produced 5 songs for Mary J. Blige’s US No.1 and 3x US platinum licensed album Share My World, together with the hit single I Can Love You.
Following this in 1998, Rodney Jerkins co-wrote and produced the vast majority of Brandy’s Never Say Never album which has bought over 17 million copies worldwide, together with the hit single The Boy Is Mine, which was nominated for 3 Grammy Awards, profitable Best R&B Performance by a Duo or Group with Vocals and was the best-selling tune of the 12 months within the US.
He additionally co-wrote and produced three songs for Whitney Houston’s album My Love Is Your Love, which has bought over 10 million copies worldwide, together with the hit single It’s Not Right But It’s Okay, which was No.1 in 10 international locations and gained the Grammy Award for Best Female R&B Vocal Performance.
In 1999, Rodney Jerkins began his collaboration with Destiny’s Child, co-writing and producing their US No.1 Say My Name.
It is licensed 3x platinum within the US and was nominated for 4 Grammy Awards, profitable “Best R&B Performance by a Duo or Group with Vocals” and “Best R&B Song”.
Rodney Jerkins additionally co-wrote and produced two US platinum licensed singles on Destiny’s Child’s closing album Destiny Fulfilled with the Grammy nominated Lose My Breath and Cater 2 U.
Rodney Jerkins continued to collaborate with Beyoncé as a solo artist with key hits together with her UK No.1 single Déjà Vu, which was recognised because the “Best Song of 2006” on the Music of Black Origin (MOBO) Awards.
In 2000, Rodney Jerkins was one of many most important writers of the Spice Girls’ closing album Forever, together with co-writing and co-producing the UK No.1 singles Holler and Let Love Lead The Way.
Later the identical 12 months he collaborated with Michael Jackson on a number of tracks on his worldwide No.1 album Invincible, which has bought over 6 million copies, together with the lead single You Rock My World, which reached No.2 within the UK and have become Michael Jackson’s final US Top 10 hit.
Rodney Jerkins can also be famend for his collaborations with among the largest artists of the of the final 25 years, together with:
- Sam Smith on his single Stay With Me, having been licensed 9x platinum within the US and at the very least platinum in 14 additional international locations. The tune peaked at No.1 within the US, the UK in addition to 12 different charts and gained each “Record of the Year” and “Song of the Year” on the 2015 Grammy Awards.
- Lady Gaga on her UK No.1 Telephone, that includes Beyoncé, which reached No.1 on 20 charts worldwide and bought over 7m digital copies in 2010 making it one in all Lady Gaga’s best-selling singles.
- Jennifer Lopez on one of many best-selling singles of 1999 If You Had My Love, which topped the Billboard Hot 100 for 5 weeks and is licensed platinum within the US.
- Justin Bieber on his 4x US platinum licensed As Long as You Love Me.
- Toni Braxton on her Grammy Award profitable He Wasn’t Man Enough.
These songs have been streamed over 2.2 billion instances on Spotify alone.
“Rodney has created magic every step of the way in his magical career and we owe him a debt of gratitude for making the airwaves such a wonderful place over the last 25 years.”
Merck Mercuriadis, Hipgnosis Songs Fund
Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, mentioned: “If you are talking songs of cultural importance you only need to say Darkchild and everyone in the world knows you are talking about the very best of the very best.
“Rodney has created magic every step of the way in his magical career and we owe him a debt of gratitude for making the airwaves such a wonderful place over the last 25 years.
“I am delighted to welcome him to the Hipgnosis Family and our Advisory Board. Nile Rodgers, The-Dream, Dave Stewart, Giorgio Tuinfort, Starrah and I all look forward to his contributions.”
“I have no doubt that Merck and Hipgnosis are the right home for my catalog because they have demonstrated that they appreciate the art and craft that underlie the copyright and have constantly supported music creators.”
Rodney Jerkins added: “My relationship with Hipgnosis represents a relationship of mutual trust: Hipgnosis has placed its trust in me as an advisor, and I have entrusted Hipgnosis to manage a catalog that I have nurtured for 25+ years.
“I have no doubt that Merck and Hipgnosis are the right home for my catalog because they have demonstrated that they appreciate the art and craft that underlie the copyright and have constantly supported music creators.
“I’m thankful for the music that God has enabled me to develop these past 25 years, and I’m excited, inspired, and motivated for what the future holds in the next phase of my career.”Music Business Worldwide