Hipgnosis Tune Administration has – utilizing money from its Blackstone-backed non-public fund – acquired the music catalog of celebrity artist and songwriter Justin Timberlake.
Hipgnosis says it has acquired “100% of all of Timberlake’s copyright, possession and monetary pursuits of the Author and Writer’s Share of Public Efficiency earnings, and the catalog of musical compositions written by Justin Timberlake”.
Additionally included within the sale to Hipgnosis are the worldwide administration rights to the compositions, topic to the remaining Time period of Common Music Publishing Group’s administration rights, which expire in 2025.
The acquisition has been made by Hipgnosis Tune Administration on behalf of Blackstone-backed Hipgnosis Songs Capital (Hipgnosis Songs Capital ICAV) – a separate entity to the UK-listed Hipgnosis Songs Fund.
Each of these funds (Hipgnosis Songs Capital and Hipgnosis Songs Fund) have their investments managed by Hipgnosis Tune Administration, wherein Blackstone is additionally an investor.
In March, Hipgnosis Tune Administration introduced the acquisition of a career-spanning catalog created by legendary Canadian artist and composer Leonard Cohen.
That marked a landmark deal for the non-public, Blackstone-backed Hipgnosis Songs Capital ICAV fund, which launched final yr with an preliminary dedication from Blackstone of round $1 billion.
Previous to the announcement of its deal for the Leonard Cohen catalog, in January, Hipgnosis introduced it had acquired an 80% stake within the recorded music royalty stream of nation star Kenny Chesney.
Justin Timberlake’s gross sales are at present in extra of over 150 million, together with 88 million as a solo artist and 70 million with NSYNC.
Justin Timberlake is represented by managers Rick Yorn, Josh Dembling at LBI Leisure and Johnny Wright at Wright Leisure Group. His authorized reps are David Lande and Mitch Tenzer at Ziffren Brittenham LLP.
“Justin Timberlake is just not solely one of the vital influential artists of the final 20 years however he’s additionally one of many best songwriters of all time.”
Merck Mercuriadis, Hipgnosis Tune Administration
Merck Mercuriadis, Founder and CEO of Hipgnosis Tune Administration, mentioned: “Justin Timberlake is just not solely one of the vital influential artists of the final 20 years however he’s additionally one of many best songwriters of all time.
“His hit songs together with Cry Me A River, Rock Your Physique, SexyBack, My Love, What Goes Round . . . Comes Round, Swimsuit & Tie, Mirrors and Can’t Cease The Feeling are amongst probably the most iconic of the interval.
“Placing this deal collectively has been an entire labour of affection for Justin, Rick, David and myself and I’m delighted to welcome all of them to the Hipgnosis Household. That is the start of what we imagine will probably be an unbelievable relationship essential to us all.”
“I’m excited to be partnering with Merck and Hipgnosis – he values artists and their inventive work and has at all times been a robust supporter of songwriters and storytelling.”
Justin Timberlake mentioned: “I’m excited to be partnering with Merck and Hipgnosis – he values artists and their inventive work and has at all times been a robust supporter of songwriters and storytelling.
“I look ahead to getting into this subsequent chapter.”
“Merck has a real love for music. His ardour is infectious and galvanizing.”
Rick Yorn, LBI Leisure
Rick Yorn, LBI Leisure mentioned: “Merck has a real love for music. His ardour is infectious and galvanizing. We’re so excited to enter this new chapter with Merck and his crew.”
David Lande and Mitch Tenzer, Ziffren Brittenham LLP, mentioned: “Justin’s unbelievable catalogue will be a part of different wonderful works at Hipgnosis which we all know will function an awesome steward of his work. We look ahead to an awesome partnership between Justin and Hipgnosis.”
Justin Timberlake has launched 5 solo albums between 2002 and 2018 – together with 2002’s Justified (3x RIAA platinum) 2006’s FutureSex/LoveSounds (4x platinum), 2013’s The 20/20 Expertise (2x platinum) and The 20/20 Expertise – 2 of two (1x platinum), and 2018’s Man of the Woods (1x platinum) – together with 40 solo singles and featured singles alongside such artists as Nelly, Snoop Dogg, The Lonely Island, Timbaland, 50 Cent, Madonna, T.I., Ciara, Jamie Foxx, Jay-Z, The Black Eyed Peas, and extra.
His collective physique of labor contains 4 No.1 albums within the US and 4 No.1 solo singles on Billboard’s Sizzling 100, together with SexyBack, My Love, What Goes Round…Comes Round, and Can’t Cease The Feeling!.
Timberlake first got here to worldwide fame in 1995 as a member of NSYNC.
With complete worldwide gross sales now over 70 million, the group earned Diamond certification for 1997’s self-titled debut (at present boasting US gross sales of over 11 million) and 2000’s chart- topping, 11x platinum No Strings Connected (14.5 million gross sales), whereas 2001’s Celeb earned 5x platinum with gross sales now approaching 6 million.
The latter album – which like its predecessor reached No.1 within the US and charts across the globe – noticed Timberlake coming into his personal as a flexible songwriter on such award- successful hits as Pop, the Grammy Award-nominated Gone, and the worldwide No.1, Girlfriend.
Over their profession, NSYNC obtain a bunch of worldwide awards and honors, together with eight Grammy Award nominations, three American Music Awards, 5 Billboard Music Awards, and 7 MTV Video Music Awards, with 2000’s No Strings Connected receiving a Guinness World Report because the “quickest promoting pop album in US historical past.”Music Enterprise Worldwide