Hipgnosis Scores Another Acquisition, Picking Up Catalog of English Hit-Makers TMS

Boo George
Little Mix

The deal includes credits on U.K. chart-toppers "Don't Be So Hard On Yourself" by Jess Glynne, "Wings" by Little Mix and "Changing" by Sigma featuring Paloma Faith.

Fast-growing music intellectual property investment company Hipgnosis Songs has made another catalog acquisition, picking up 121 songs by English songwriting and music production trio TMS.

Terms were not disclosed for the deal, which includes credits on U.K. chart-toppers "Don't Be So Hard On Yourself" by Jess Glynne, "Wings" by Little Mix and "Changing" by Sigma featuring Paloma Faith.

Also included in the catalog are TMS songs performed by Emeli Sandé, James Arthur, Years & Years and Dua Lipa, as well as the global hit "Me, Myself & I" by G-Eazy and Bebe Rexha.

The acquisition follows Guernsey-registered Hipgnosis -- set up by former Beyoncé and Guns N' Roses manager Merck Mercuriadis -- gain a 37.5 percent stake in the 290 song catalog of Chic co-founder Bernard Edwards, who co-wrote all of the band's era-defining songs including "Dance, Dance, Dance (Yowsah, Yowsah, Yowsah)," "Everybody Dance," "Le Freak," "I Want Your Love" and "Good Times."

The past six months have also seen the company acquire stakes in song catalogs by The-Dream and frequent Justin Bieber collaborator Jason Boyd, better known as Poo Bear.

In a statement, TMS members Tom "Froe" Barnes, Benjamin Kohn and Peter "Merf" Kelleher -- who retain the writers' share of performance income -- said the catalogs Hipgnosis has already acquired "speak volumes about their ambition and it's nice to know that our songs will be sitting in some very esteemed company."

They added, "We're super happy to be making this deal and pleased that these copyrights will be residing with the best possible custodians moving forward."

"Froe, Ben and Merf are highly intelligent songwriters that make terrific pop music which has resulted in 10 U.K. top five singles, including five No. 1s," said Mercuriadis. He also credited TMS with playing a key role in developing the careers of British stars Jess Glynne, Emeli Sandé, Little Mix and James Arthur.

Earlier this year, Hipgnosis raised £200 million ($260 million) in capital through an IPO with its investment prospectus identifying emerging markets, improved tracking of royalties through technology and music usage in social media among the future growth opportunities for royalty income to rise.

Its advisory board members include Nile Rodgers (who is managed by Mercuriadis) alongside The-Dream, artist manager Ian Montone, Lava Records CEO Jason Flom and entertainment lawyer William Leibowitz.

Prior to founding Hipgnosis, Mercuriadis was CEO of London-based The Sanctuary Group before to its sale to Universal Music in 2007 and counts Elton John, Guns N' Roses, Morrissey, Iron Maiden, Beyoncé and Diane Warren among his former management clients.


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