Guns N’ Roses Former Manager Seeks £200M in New IPO Venture!

Guns N’ Roses Former Manager Merck Mercuriadis Seeks New Venture

According to FNLondon

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A fund offering investors the chance to profit from some of the best-loved music of the last 50 years is seeking to raise £200m on the London Stock Exchange.

Hipgnosis Songs Fund, which invests in musical intellectual property rights, said on Wednesday that it has identified catalogues of “proven, evergreen songs from award winning songwriters” and aims to offer attractive returns by acquiring the associated copyrights.

The fund was set up by music industry veteran Merck Mercuriadis, who has in the past managed rock bands including Guns N’ Roses and Iron Maiden as well as individual artists like Elton John and Beyoncé. The American songwriter and producer Nile Rodgers is an adviser to the fund.

Hipgnosis is hoping to benefit from changes in the way music is acquired and consumed around the world. It said in a statement that global music revenues are “predicted to increase due to penetration of smartphones and a reduction in piracy rates in emerging markets, global synchronisation income being more trackable, and integration of music technology in other products”.

It added that investors in its fund would have exposure to hits from more than 50 recording artists that span the last five decades and include 10 number one songs in the UK and US.

The small and mid-cap stockbroker N+1 Singer Advisory is adviser and bookrunner on the initial public offering.

Universal Music Gives Interview Concerning the ‘Appetite for Destruction’ Box Set!

According to the article:

At the end of June, Universal Music Enterprises will be ready to ship its most elaborate box set ever: an 80-plus-item ode to Guns N’ Roses’ classic 1987 debut, Appetite for Destruction. The collection includes four CDs, 49 previously unreleased recordings, videos, vinyl, skull-face rings, a turntable mat, collectable coins, replicas of early concert flyers, temporary tattoos and a dozen lithographs visualizing each song, as well as a 96-page hardcover book filled with some personal photos supplied by frontman Axl Rose.

While the $1,000 package is not the most expensive box set to hit the market — Kiss’ Gene Simmons said in 2017 that he would personally deliver his latest $2,000 box set for an additional $50,000 fee — UMe president/CEO Bruce Resnikoff says that Appetite for Destruction — Locked N’ Loaded Edition is “the most expansive, and that’s the difference here — the amount of music memorabilia, photos, et cetera in the box is unparalleled.” He says the unprecedented quantity is aimed to both “satisfy the most ardent collector and introduce that music to a young fan of the future who hasn’t had the chance to hear it the way it was meant to be heard, and the way it should be heard.”

After three years in development, UMe has produced 10,000 units of the box sets, meaning it could rake in as much as $10 million in revenue, though UMe did not comment on what it expects to earn in profit. The company releases between three and five box sets priced above $500 per year, and issued 38 sets over $200 in 2017. Such collectors’ editions represent a growing slice of physical sales for record companies as regular CD sales decline.