12th Dec 2019 16:29
(Alliance News) - Hipgnosis Songs Fund Ltd said Thursday it has acquired the music catalogue of Grammy award-winning singer and songwriter Jack Antonoff for an undisclosed sum.
Amongst the acquired catalogue which will be co-owned by Antonoff and Hipgnosis are his collaborations with Sara Bareilles on three-time US platinum record 'Brave', Lorde's 'Green Light' and Rachael Platten's 'Stand By You'.
The catalogue includes the worldwide publishing and writer share of performance income of a total of 188 songs.
Merck Mercuriadis, founder of Hipgnosis, said: "I consider Jack to be amongst the most elite creators of our time. The songs he has co-created with Fun, Taylor Swift, Lorde, St Vincent and Lana Del Ray are sublime and the very best in pop music with integrity. It's a great privilege to welcome Jack and Tyler into the Hipgnosis Songs family and we are very excited to be working together."
This comes after Hipgnosis on Wednesday said its earnings had multiplied in the first half of its current financial year amid intensive acquisition activities. The company reported operating pretax profit for the six months to the end of September of GBP12.6 million compared to GBP3.0 million a year earlier, as revenue increased to GBP22.6 million from GBP7.2 million.
Shares in Hipgnosis on Thursday afternoon in London were 0.7% lower at 108.28 pence per share.
By Ife Taiwo; [email protected]
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