HIPGNOSIS SONGS ACQUIRES STAKE IN BERNARD EDWARDS MUSIC CATALOGUE
[ 28 Nov 2018 12:13 ]
LONDON (Alliance News) – Hipgnosis Songs Fund Ltd on Wednesday said it bought a 37.5% interest in the Bernard Edwards music catalogue.
The investment company said the catalogue comprises 290 songs, with many of them extensively sampled or remixed.
“Bernard and Nile together created one of the most iconic catalogues of all time from Le Freak, which is the biggest selling single in the history of Atlantic Records, to Good Times which is arguably the most interpolated and sampled song of all time,” said Hipgnosis Songs Founder Merck Mercuriadis.
Bernard Edwards is best known for his partnership with Nile Rodgers, together founding CHIC in 1976 and co-writing number 1 songs for bands and artists including CHIC, Sister Sledge and Diana Ross.
Rodgers is a advisory board member of The Family Music Ltd, the company’s investment adviser.
Hipgnosis Songs shares were trading 0.1% lower on Wednesday at 106.86 pence each.
By Evelina Grecenko; firstname.lastname@example.org
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