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Prices & Quotes - UK Markets - Hipgnosis Songs Fund Limited C Shs NPV (SONC)

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Hipgnosis buys rights to Shakira's entire catalogue

By Josh White

Date: Wednesday 13 Jan 2021

LONDON (ShareCast) - (Sharecast News) - Song and music intellectual property investor Hipgnosis Songs Fund has acquired a catalogue from Latin music artist Shakira, it announced on Wednesday, for an undisclosed sum.
The FTSE 250 company said it has acquired 100% of Shakira's music publishing rights, including publishing and writer's share of income, of her entire catalogue of 145 songs.

It said Shakira was the bestselling female Latin artist of all time, having sold more than 80 million records.

Shakira was represented by her manager Jaime Levine and lawyers David Lande and Mitch Tenzer at Ziffren Brittenham Law.

"One step at a time, this incredible woman from Colombia has evolved into one of the most famous and influential people in the world," said founder of Hipgnosis and its investment adviser The Family Music, Merck Mercuriadis.

"What no one should ever take for granted is that she is one of the most serious and successful songwriters of the last 25 years, having written or co-written virtually every song she has ever recorded.

"She is a superb creator who has led the charge from what was massive physical success to now having bigger success in streaming than most of her contemporaries."

At 0809 GMT, shares in Hipgnosis Songs Fund were up 0.33% at 119.9p.

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SONC Market Data

Currency UK Pounds
Price 112.50p
Change Today 0.000p
52 Week High 115.00p
52 Week Low 100.50p
Volume 0
Shares Issued 236.40m
Market Cap 265.95m

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SONC Key Personnel

Chair Andrew Sutch