I don't know what this will mean for his music but I sure hope FM & NSN will get a new vinyl one day
:rthosehotwings:
https://www.musicbusinessworldwide.com/hipgnosis-buys-music-catalog-from-grammy-winning-songwriter-producer-rodney-jerkins/
Hipgnosis Songs Fund has acquired again.
This time, the UK based company has bought the music catalog of four-time Grammy winner Rodney Jerkins (aka Darkchild).
Hipgnosis has acquired 100% of Jerkins' Writer's Share of Income in his early works and 100% of his Publishing interest and Writer's Share of Income in his later works, which in total comprise 982 songs.
Jerkins will also be joining the Advisory Board of Hipgnosis' Investment Advisor, The Family (Music) Limited, with immediate effect.
:flamebroiled:
Rodney Jerkins is a producer, rapper, composer and songwriter who rose to prominence in 1997 having co-written, arranged and produced five songs for Mary J. Blige's US No.1 and 3x US platinum certified album
Share My World, including the hit single
I Can Love You.
Following this in 1998, Rodney Jerkins co-wrote and produced the majority of Brandy's Never Say Never album which has sold over 17 million copies worldwide, including the hit single The Boy Is Mine, which was nominated for three Grammy Awards, winning Best R&B Performance by a Duo or Group with Vocals and was the best-selling song of the year in the US.more bio:
Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, said: "If you are talking songs of cultural importance you only need to say Darkchild and everyone in the world knows you are talking about the very best of the very best. "Rodney has created magic every step of the way in his magical career and we owe him a debt of gratitude for making the airwaves such a wonderful place over the last 25 years.
"I am delighted to welcome him to the Hipgnosis Family and our Advisory Board. Nile Rodgers, The-Dream, Dave Stewart, Giorgio Tuinfort, Starrah and I all look forward to his contributions."
Rodney Jerkins added: "My relationship with Hipgnosis represents a relationship of mutual trust: Hipgnosis has placed its trust in me as an advisor, and I have entrusted Hipgnosis to manage a catalog that I have nurtured for 25+ years.
"I have no doubt that Merck and Hipgnosis are the right home for my catalog because they have demonstrated that they appreciate the art and craft that underlie the copyright and have constantly supported music creators.
"I'm thankful for the music that God has enabled me to develop these past 25 years, and I'm excited, inspired, and motivated for what the future holds in the next phase of my career."
How much did he sale it for?
They didn't say :/
Wow timbaland, the dream, sean garrett..
https://www.hipgnosissongs.com/catalogues (https://www.hipgnosissongs.com/catalogues)
I know he doesn't need the money so why the hell would he do that? :uhh:
Quote from: Gilgamesh. on July 29, 2020, 12:02:42 PM
I know he doesn't need the money so why the hell would he do that? :uhh:
He doesn't own any of these songs and im sure at this point he has made all the bulk amount of money he was going to make of publishing. Most of his massive hits are 20+ years. Its a great way to see 1 more big paycheck.
Now why The-Dream did it while single ladies and umbrella are still fairly young...makes no damn sense to me.
Yes @ NSN selling over 17 million
Is he broke?
Poor king
what the fuck
Quote from: 🦚 on July 29, 2020, 12:05:24 PM
Quote from: Gilgamesh. on July 29, 2020, 12:02:42 PM
I know he doesn't need the money so why the hell would he do that? :uhh:
He doesn't own any of these songs and im sure at this point he has made all the bulk amount of money he was going to make of publishing. Most of his massive hits are 20+ years. Its a great way to see 1 more big paycheck.
Now why The-Dream did it while single ladies and umbrella are still fairly young...makes no damn sense to me.
Say My Name still gets major play. Way more than Singles Ladies and Umbrella.
I think he gets a paycheck for his music and maybe he gets a job at the fund?
"I am delighted to welcome him to the Hipgnosis Family and our Advisory Board. Nile Rodgers, The-Dream, Dave Stewart, Giorgio Tuinfort, Starrah and I all look forward to his contributions."
Quote from: 🦚 on July 29, 2020, 12:05:24 PM
Quote from: Gilgamesh. on July 29, 2020, 12:02:42 PM
I know he doesn't need the money so why the hell would he do that? :uhh:
He doesn't own any of these songs and im sure at this point he has made all the bulk amount of money he was going to make of publishing. Most of his massive hits are 20+ years. Its a great way to see 1 more big paycheck.
Now why The-Dream did it while single ladies and umbrella are still fairly young...makes no damn sense to me.
Wait so you think he doesn't own them?
WHY tho?!
omg
Quote from: BORderline on July 29, 2020, 02:10:12 PM
WHY tho?!
omg
!
I hate when producers do this. The whole point of making hits is that you can live off them indefinitely.
This just seems tacky to me.
QuoteThe news of the acquisition comes just one week after Hipgnosis, which trades on the London Stock Exchange, increased the amount of debt it can access in order to continue its aggressive acquisition strategy, having secured an increase to its Revolving Credit Facility from GBP £150m (circa $188m) to USD $400m.
That news came just two weeks after the company raised nearly $300m via the sale of C shares
I don't understand any of this financial jargon but I'm guessing this is a billion dollar company. Kinda scary to know that one company has partial ownership over so much music.
Ain't no way. He must be broke.
With all these hits... ANYTHING can happen.
If a company is interested in it, they sure can make it flourish a thousand times and sure did not buy it for its real value.
This nigga is sick.
If they want to buy out your catalog, clearly it's valuable. Wtf nigger
Quote from: Gilgamesh. on July 29, 2020, 02:14:49 PM
Quote from: BORderline on July 29, 2020, 02:10:12 PM
WHY tho?!
omg
!
I hate when producers do this. The whole point of making hits is that you can live off them indefinitely.
This just seems tacky to me.
Without doing anything! Passive income!
He has 4 children to feed tho...
Wow. I would never sell my songs if I were him. That's something I would keep in my family and pass down to my children. He has so many classics and couldn't see him needing the money unless he lives beyond his means.
Quote from: Annie on July 29, 2020, 02:03:53 PM
Quote from: 🦚 on July 29, 2020, 12:05:24 PM
Quote from: Gilgamesh. on July 29, 2020, 12:02:42 PM
I know he doesn't need the money so why the hell would he do that? :uhh:
He doesn't own any of these songs and im sure at this point he has made all the bulk amount of money he was going to make of publishing. Most of his massive hits are 20+ years. Its a great way to see 1 more big paycheck.
Now why The-Dream did it while single ladies and umbrella are still fairly young...makes no damn sense to me.
Wait so you think he doesn't own them?
He owns or owned whichever percentage he had of the publishing as a writer / producer.
However the person who owns the masters actually owns the song.
That could be the label, the artist, management. Typically not the producer tho.
Quote from: 🦚 on July 29, 2020, 02:48:34 PM
Quote from: Annie on July 29, 2020, 02:03:53 PM
Quote from: 🦚 on July 29, 2020, 12:05:24 PM
Quote from: Gilgamesh. on July 29, 2020, 12:02:42 PM
I know he doesn't need the money so why the hell would he do that? :uhh:
He doesn't own any of these songs and im sure at this point he has made all the bulk amount of money he was going to make of publishing. Most of his massive hits are 20+ years. Its a great way to see 1 more big paycheck.
Now why The-Dream did it while single ladies and umbrella are still fairly young...makes no damn sense to me.
Wait so you think he doesn't own them?
He owns or owned whichever percentage he had of the publishing as a writer / producer.
However the person who owns the masters actually owns the song.
That could be the label, the artist, management. Typically not the producer tho.
Ahh I get it thanks