(Alliance News) - Music catalogue investor Hipgnosis Songs Fund Ltd on Wednesday said it has bought the music catalogue of Rodney "Darkchild" Jerkins for an undisclosed sum.
Among the catalogue acquired from the Grammy Award-winning producer, rapper and songwriter are Brandy's The Boy Is Mine, Destiny's Child's Say My Name and Spice Girl's Holler, all of which he co-wrote.
Hipgnosis has acquired 100% Jerkins's 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.
The FTSE 250 company didn't disclose the price paid for the catalogue.
Merck Mercuriadis, founder of Hipgnosis, 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."
Shares in FTSE 250-listed Hipgnosis were trading 0.9% higher at 118.50 pence each at midday Wednesday in London.
By Ife Taiwo; ifetaiwo@alliancenews.com
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Hipgnosis Song. (SONG)