September 18, 2021

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The longtime Lady Gaga collaborator of Hypnosis sells the Redone catalog

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Hypnosis songs have acquired the music catalog of three-time Grammy-winning producer and lyricist Redone, the company announced on Thursday. Lady Gaga is best known for her work on her first albums with songs such as “Poker Face,” “Bad Romance,” “Just Dance,” and “Lovegame,” with hits from Jennifer Lopez, One Direction, Shakira, Enrique Iglesias. , Mark Anthony, Jason Derulo and Nicki Minaj.

She has worked with Minaj on her smash singles “Starships” and “Pound Alarm,” Enrique Iglesias “I Like It Like”, Jennifer Lopez’s “Floor On” and “Dance Again,” “Shan Kingston”, “Fire Burning” and Alexandra Burke. His hit “Start with You” in the UK.

Hypnosis has gained 100% of Redone’s songs and recorded musical interest in its catalog, including 337 song credits, author royalties and producer royalties.

Redwin was represented in the transaction by its managers Jack Dekaki, Greenberg Tarrig and Jonathan Kobe and Joel Katz, lawyers for Provident Financial Management. The terms of the contract were not disclosed.

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, 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. “

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