Hipgnosis' buying spree continues with the TMS catalog
, Samuel Roman, and the TMS trio, meaning Hipgnosis now controls three out of five writers’ shares of publishing. TMS also produced the track.
Hipgnosis Songs Management, the entity managing the publicly traded company’s catalog, acquired these songs on behalf of Hipgnosis Songs Capital, an investment vehicle established by Hipgnosis and Blackstone. The world’s largest alternative asset manager, Blackstone pledged $1 billion to further investment in music IP with Hipgnosis and also took a majority stake.
TMS has also worked with Dua Lipa, John Legend, Maroon 5, Ed Sheeran, Lily Allen and Bebe Rexha, One Direction, Cher, Ed Sheeran, Leona Lewis, Rita Ora, Jessie J, Lily Allen, Labrinth, JLS, Years & Years, Oily Murs, Ella Henderson, Birdy, Jem & The Holograms, Sinead Harnett, Kwabs and Dot Rotten. It is not clear which, if any, of these artists’ songs are included in this deal. Financial terms weren’t disclosed.
“Nobody is doing more to elevate the standing and value of the songwriter than Merck and the team at Hipgnosis,” says, managing director, North Pole Management. “We’re very happy to entrust them with these incredible copyrights and look forward to working with them across various initiatives to ensure the songwriter is properly valued and remunerated in future. Without songwriters, there is no music business.
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