Sony Music Publishing has acquired Recognition Music Group’s publishing and administration firm Hipgnosis Songs Group, The Hollywood Reporter has confirmed.
The acquisition comes 5 years after Recognition Music Group — which was referred to as Hipgnosis Songs Fund till the corporate rebranded three months in the past — bought music writer Huge Deal Music in 2020, rebranding that firm as Hipgnosis Songs Group shortly after. Hipgnosis Songs has stakes in hits like Alex Warren’s “Abnormal,” and Sabrina Carpenter’s “Espresso” and “Mattress Chem” amongst others. The publishing firm is the one asset Sony acquired from Recognition.
Recognition Music was initially based by music government Merck Mercuriadis, with Mercuriadis leaving final yr after personal fairness firm Blackstone bought the corporate. Recognition had been a significant driver within the music acquisition increase of the previous six years, with the corporate shopping for up catalogs from superstars like Justin Bieber, Neil Younger, Mark Ronson, the Pink Sizzling Chili Peppers and Shakira amongst others. These weren’t a part of the Sony acquisition, and Recognition nonetheless owns these catalogs.
The information was first reported by Billboard.
In an electronic mail addressed to Hipgnosis’s songwriters, composers and purchasers and obtained by THR, Sony mentioned it was buying Hipgnosis Songs Group “efficient instantly,” and that “over the subsequent few months, we will probably be transitioning the corporate to SMP’s providers and methods.”
“With a novel roster of latest songwriters and timeless classics, HSG aligns with SMP’s mission to raise and assist the work of the world’s most impactful songwriters, and we’re honored to symbolize you and your songs,” Sony wrote. Because the transition begins, writers’ royalty funds will proceed to be administered by way of Hipgnosis for now, Sony mentioned.
“We stay up for working with you on this subsequent chapter,” Sony mentioned.
Learn the complete electronic mail beneath:
Pricey Hipgnosis Songs Group Songwriters, Composers and Purchasers:
On behalf of Sony Music Publishing (“SMP”), we’re happy to tell you that Sony Music Publishing has entered into an settlement with Recognition Music Group (“RMG”) to amass its subsidiary Hipgnosis Songs Group (“HSG”), efficient instantly. With this settlement, Sony Music Publishing now owns and administers the Hipgnosis Songs Group catalog, serving because the full-service writer for its purchasers and roster of songwriters globally.
With a novel roster of latest songwriters and timeless classics, HSG aligns with SMP’s mission to raise and assist the work of the world’s most impactful songwriters, and we’re honored to symbolize you and your songs.
Over the subsequent few months, we will probably be transitioning the corporate to SMP’s providers and methods. We’re working intently with HSG to make sure that all purchasers will obtain the excessive stage of service that you’ve come to anticipate. No additional motion is required from you presently.
Within the meantime, your present HSG workforce stays accessible to handle questions or artistic inquiries. It’s also possible to attain HSG at HSGcreativeteam@hipgnosissongs.com. In the interim, your royalty funds will proceed to be processed and distributed by way of HSG’s system and your present account entry stays unchanged. We are going to attain out to you instantly with necessary transition updates as they arrive.
For extra info, chances are you’ll contact our workforce by emailing SMP_HSGsupport@sonymusicpub.com or by calling our royalty hotline at 615-726-8326. Extra songwriter sources may also be discovered at https://www.sonymusicpub.com/en.
Thanks. We stay up for working with you on this subsequent chapter.
Sincerely,
The Sony Music Publishing Workforce
