Hipgnosis Songs introduced Monday that the agency has acquired a 50 % stake within the copyright and writers share within the catalog of RZA, per Billboard. The catalog is comprised of 814 songs, and consists of practically each observe from the Wu-Tang Clan, which had been primarily produced by RZA.
Selection studies Hipgnosis has acquired 42 catalogs from artists, akin to Jack Antonoff and Timbaland, from March 2019 to March 2020, spending practically $700 million. These purchases have tremendously aided the corporate’s backside line, as evident from their annual report, the place their income soared to $81 million. Compared, Hipgnosis reported round $8.9 million over the earlier interval.
Hipgnosis founder Merck Mercuriadis credited the sturdy monetary displaying of their first full 12 months of enterprise on aligning themselves with recognized and established commodities. “All of our songs have a confirmed observe document and we don’t speculate on new songs whatever the previous efficiency of the songwriter, producer or artist,” Mercuriadis mentioned. “These confirmed hit Songs produce dependable, predictable and uncorrelated money flows that are extremely investible.”
“I put on numerous hats in my creative expressions however the one which has been so deeply reflective of my life’s journey is my songwriting,” RZA mentioned in an announcement. “I am honored to companion up with Merck and the Hipgnosis workforce to usher my songs into an thrilling future.”
Mercuriadis additionally spoke extremely of the Wu-Tang Clan in his personal assertion, calling them the “most genuine band and model in hip-hop,” whereas saying that RZA is “globally acknowledged as a real renaissance man of hip-hop and most would argue that he’s the G.O.A.T.”