Request; Hipgnosis Music Fund
Hipgnosis Songs Fund is a British [Guernsey-registered] music [IP] investment and song management company founded by [Merck Mercuriadis] and [Nile Rodgers] in 2018. 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. In addition to acquiring songs and songwriter catalogues, the company manages the [playlist], [cover], [interpolation], and [synchronization]) revenues of its IP.
Hipgnosis Songs Fund has raised £1.052 billion to fund acquisitions since it was established in 2018. 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. Five songs co-owned by Hipgnosis Songs Fund appeared in the Top 10 on the Billboard Hot 100 of the decade chart. 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.Its [market cap] surpassed £1 bn in August 2020. As of January 2021, Hipgnosis owned or partially owned more than 57,000 songs.
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. It has been a constituent of the [FTSE 250 Index]