By Iain Gilbert
Date: Thursday 16 Jul 2020
LONDON (ShareCast) - (Sharecast News) - Intellectual property investor Hipgnosis Songs Fund said it had bought the music catalogue of Grammy-winning producer and songwriter RedOne.
Hipgnosis called RedOne one of "most successful songwriters are record producers of the last 15 years", having co-written or produced songs and albums for the likes of Lady Gaga, Jennifer Lopez, One Direction, Shakira, Enrique Iglesias, Marc Anthony, Jason Derulo and Nicki Minaj.
The FTSE 250-listed outfit acquired 100% of RedOne's songs and recorded music interests including copyright, writer royalties and producer royalties in his catalogue of 337 tracks.
Hipgnosis founder Merck Mercuriadis said: "Lady Gaga and RedOne represent one of the greatest producer/artist songwriting relationships of all time.
"They single-handedly put electronic dance music on the radio and changed the sound of pop music for more than a decade with evergreen songs like Just Dance, Poker Face, Bad Romance, Alejandro and Judas."
As of 0820 BST, Hipgnosis shares were down 1.04% at 118.75p.
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Currency | UK Pounds |
Share Price | 101.80p |
Change Today | 0.40p |
% Change | 0.39 % |
52 Week High | 105.40 |
52 Week Low | 57.90 |
Volume | 1,193,142 |
Shares Issued | 1,209.21m |
Market Cap | £1,230.98m |
RiskGrade | 57 |
Value |
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Price Trend |
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Income |
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Growth |
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Latest | Previous | |
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1st Interim | 4th Interim | |
Ex-Div | n/a | 29-Jun-23 |
Paid | n/a | 28-Jul-23 |
Amount | 0.000p | 1.31p |
Time | Volume / Share Price |
16:35 | 152,633 @ 101.80p |
16:35 | 1 @ 101.80p |
16:35 | 5,807 @ 101.80p |
16:35 | 494 @ 101.80p |
16:35 | 494 @ 101.80p |
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