Music IP investment company Hipgnosis Songs has begun 2020 in much the same way that it spent the past 18 months — by making a major catalog acquisition.
This time it’s 157 songs by former Blink-182 singer and songwriter Tom DeLonge. Terms were not disclosed for the deal, which sees Hipgnosis picking up 100% of DeLonge’s copyright interests on the first six Blink-182 studio albums, spanning from 1995’s independently released Cheshire Cat to 2011’s Neighborhoods. The musician left the pop-punk trio in 2015.
The deal also covers DeLonge’s work with Angels and Airwaves, the rock group he formed in 2005 after Blink-182 went on hiatus and which has released five studio albums to date, most recently 2014’s The Dream Walker.
According to Hipgnosis, Blink-182 has sold over 13 million albums in the U.S. and over 50 million albums worldwide to date. Its biggest commercial success was 1999’s Enema of the State, which spawned the hit singles “What’s My Age Again?,” “Adam’s Song,” and “All the Small Things.”
The latter reached No. 1 on the Modern Rock Tracks chart and No. 6 on the Hot 100 in 2000. Internationally, “All the Small Things” charted at No. 2 in the U.K., went top 20 in ten other countries and has been streamed more than 390 million times on Spotify, reports Hipgnosis.
The California band, which features Mark Hoppus and Travis Barker, has had eight albums chart in the top 10 of the Billboard 200 (including a live album and greatest hits compilation) and two No. 1s: 2001’s Take Off Your Pants And Jacket and 2016’s California, the latter featuring Matt Skiba, DeLonge’s replacement.
Angels and Airwaves’ highest-charting album release is We Don’t Need to Whisper, which peaked at No. 4 in 2006.
“The influence of Blink-182 on today’s artists is massive,” said Hipgnosis Songs founder Merck Mercuriadis. “If you’re under 27 years old and making music they are a seminal band. They had angst, they had energy, they had humor but most importantly they had incredible songs and Tom is at the core of that.”
“It is an honor to have been playing music for so many years and to be in a position to partner with the great team at Hipgnosis to support my work,” commented DeLonge. He called the deal with Guernsey-registered Hipgnosis “a perfect opportunity for me to not only celebrate my past, but to also give me the foundation to create more music for many decades to come.”
Since its launch in July 2018 to 30 September 2019, Hipgnosis has spent just under £320 million ($420 million) on full or partial stakes of 27 catalogs (calculated on a blended acquisition multiple of 12.84 x historical annual net income) according to its latest financial results, published in December.
Between October 1 and December 11, the company spent an additional £186 million ($244 million) on 15 more catalogs, increasing its total portfolio to 42 catalogs and 11,225 songs.
A flurry of further acquisitions were made in late December, including catalogs by Fun./Bleachers’ Jack Antonoff, producer Brendan O’Brien, Snow Patrol’s Johnny McDaid and songwriter Savan Kotecha.