March 25, 2023


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The annual earnings at the top of the Hypnosis song are $ 80 million – Variety

2 min read

The fund of fast-growing hip hop song increased its first full year of business, rising to 81 81 million in 12 months from প্রায় 8.9 million in the last quarter of March 2020. 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, co-founder and CEO Mark Mercurides notes, “Compared to the three big music companies, we’ve achieved between 7% and 12.5% ​​of their earnings, ranging from 0.5% to 0.9% of their numbers.” 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. “

On Thursday, the firm told its investors on the LSE that it wanted to raise about 250 250 million to acquire more catalogs, according to the more global music business. It announced in April that it had acquired a new 8 8,188 million revolving credit facility from a syndication of seven banks, including JPMorgan. The company has already invested more than 1 1 billion in just two years.

Founded in 2018 by Marcuriades and Chick cofounder Neil Rodgers, Hypnosis has gained full or partial fame in the catalogs of many lyricists who have enjoyed multiple global hits, including Chinese Smokers, The-Dream, Tricky Stewart, Pu Bear, Late Chick. Founders Bernard Edwards, Janata Austin and Sean Garrett. Its ideas now include more than 6,000 songs worth more than ৩ 1.3 billion, investors said earlier this year, and the number has grown even more since its recent acquisition.

Over the past few months, Hypnosis has announced the acquisition of catalogs from hit lyricists Mark Ronson (Lady Gaga, Bruno Mars, Amy Winehouse), Jack Antonoff (Taylor Swift, Lana Del Rey, Lord, St. Vincent), Jeff Vasker. Kanye West, Bruno Mars, Harry Styles, Savan Coticha (Ariana Grande, The Wicked, One Direction), Fraser T. Smith (Adele, Stormji), band Kaiser Chiefs and producer Brendon O’Brien (Bruce Springsteen, Pearl Jam).

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