Hipgnosis Songs Fund Limited, the Guernsey-based fund which has
invested in a catalogue of songs, music production and publishing,
is being added to the FTSE 250 Index.
The fund has raised more than £600 million and bought
rights to hits by Madonna, Justin Timberlake and Rihanna, among
others. It receives royalty payments every time one of its songs is
played on radio, streamed, featured in media or purchased. It
launched in Guernsey in 2018.
Hipgnosis founder Merck Mercuriadis, said: "This is a
tremendous achievement in only 20 months and I would like to thank
our investors and our incredible songwriters for their belief and
helping us to firmly establish proven songs as an asset class. We
now have a strong track record in raising money, investing it in
great songs, managing them well and paying dividends.
