1st Sep 2020 09:59
(Alliance News) - Hipgnosis Songs Fund Ltd on Tuesday said it has acquired the the music catalogue of Mötley Crue musician, songwriter and producer Nikki Sixx.
The FTSE 250-listed music catalogue investor said Sixx has sold more than 100 million albums worldwide as well as achieving seven platinum or multi-platinum certifications, nine Top 10 albums on the Billboard 200 chart, 22 Top 40 mainstream rock hits, and six Top 20 singles.
It added that Sixx has co-written and produced for artists such as the Sex Pistols' Steve Jones, Lita Ford, Alice Cooper and MeatLoaf.
Hipgnosis has acquired 100% of Nikki Sixx's writer's share of PRO income and writer's sound exchange in respect of the catalogue which contains 305 songs.
No financial details of the deal were disclosed.
Merck Mercuriadis, founder of Hipgnosis, said: "Mötley Crüe were single handedly responsible for the Los Angeles rock explosion of the 1980s paving the way for everyone that came in their wake and putting rock music back onto Top 40 radio and the pop charts. Nikki was the catalyst and architect of all of that and we are delighted to welcome him to the Hipgnosis family."
The stock was trading 0.3% higher at 120.84 pence each on Tuesday morning in London.
By Ife Taiwo; [email protected]
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