Hipgnosis Buys Music Catalogue Of Songwriter, Producer Fraser Smith

(Alliance News) - Music catalogue investment firm Hipgnosis Songs Fund Ltd said Tuesday it has ...

Alliance News 3 December, 2019 | 11:27AM
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(Alliance News) - Music catalogue investment firm Hipgnosis Songs Fund Ltd said Tuesday it has acquired the music catalogue of songwriter and producer Fraser Smith for an undisclosed sum.

Amongst the acquired catalogue are his collaborations with Kano where he co-wrote and produced the 2016 MOBO Award-winning album 'Made in the Manor' and Sam Smith's Grammy-nominated album 'In the Lonely Hour'.

Hipgnosis has acquired 100% of Fraser Smith's worldwide writer share of performance income of his catalogue which comprises a total of 298 songs.

Merck Mercuriadis, founder of The Family (Music) Ltd and Hipgnosis, said: "It's an honour to welcome Fraser T. Smith and Sarah T. Smith to the Hipgnosis family. Every time I hear one of Fraser's songs, they always feel special. He writes and produces enormously successful songs that make popular music not only special but culturally important."

The Family (Music) serves as an investment adviser to Hipgnosis.

Shares in Hipgnosis were 0.2% higher at 108.75 pence in London on Tuesday morning.

By Ife Taiwo; ifetaiwo@alliancenews.com

Copyright 2019 Alliance News Limited. All Rights Reserved.

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Securities Mentioned in Article

Security Name Price Change (%) Morningstar
Rating
Hipgnosis Songs Ord 120.00 GBX -0.83 -

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