Veteran director and recording executive Merck Mercuriadis ’hip gnosis song fund Limited Barry Manilo is adding the catalog to his portfolio of more than $ 1 billion.
Manilo, a Grammy winner, Tony and Emmy winner, has been named one of the 50 most successful recording artists of the 19 1970s and 19s. Manila’s career as a live performer has continued to develop over the decades.
The Hypnosis Song Fund has already controlled nearly 12,000 songs from Rihanna’s “Umbrella” to Al Green’s “Let’s Together” and Eurythmix’s “Sweet Dreams”, presenting a িয়ন 1 billion acquisition following the successful launch of the London Stock Exchange’s July 2018 IPO. Acquiring music publishing catalogs such as Trucki Stewart, Richie Sambora, Benny Blanco, Mark Ronson, Starr, Pu Bear, Rodney Jarkins and others, the Mercuryadis boasted “60 contracts in the last 21 months” in April.
Announcing the acquisition, Marcuriadis said: “Barry Manilo is an international treasure. He is an incomparable artist, lyricist, arranger, composer and actor. He redefined mainstream entertainment in the 1970s and ’80s, and truly took classic music to new heights of success. From ‘Mandy’ to ‘I Write Songs’, ‘Copacabana’ and ‘Looks Like We Made It’ he is one of the rare artists who unites everyone. We are honored to join the Barry and Gary Hypnosis family. “
“Mark has created a new kind of music company and I look forward to being part of the family in family music and hipgnosis songs,” Manillo added.
Songwriting catalogs have become a hot product in the past year as deep-pocketed financiers view them as a steady investment in their constant income, although many have criticized the model for offering higher value than the market.
Hypnosis Songs recently released its annual report, which boosted its revenue for the first full year of its business, reaching 61 million in the 12 months ending March 2020, up from about ৯ 6.9 million in the previous period. The company is on the cusp of an unprecedented acquisition of hit lyricist and producer catalogs – from Dave Stewart of Timbaland and Eurythmics to Jack Antonoff and Jeff Vascar – the hitmakers bought the catalog – acquiring the London Stock Exchange in March 2019 and trading in July 2019. Has spent about $ 700 million to do.
In the report, cofounder and CEO Mercuriadis notes, “Compared to the three major music companies, we’ve achieved between 0.5% and 0.9% of their music numbers, 7% to 12.5% of their earnings.” This is the result of the group’s highest selective investment, which he summarizes in this report: “All of our songs have a proven track record and we do not anticipate new songs regardless of the lyricist, producer or artist’s past performance. These proven hit songs produce reliable, predictable and unsaved cash flows that are highly investable. “
Davis Firm’s manager Gary Keefe and attorney Doug Davis were represented at the Manila deal.