Hipgnosis Songs Fund Limited, the first and only U.K.-listed investment company offering investors a pure-play exposure to songs and associated intellectual property rights, and its investment adviser, The Family (Music) Limited, have announced that the company has acquired the music catalog of musician, songwriter and producer Nikki Sixx, best known as the founding member, bassist, and lead songwriter of MÖTLEY CRÜE.
Hipgnosis has acquired 100% of Sixx's writer's share of PRO income and writer's Sound Exchange in respect of the catalog which contains 305 songs.
Merck Mercuriadis, founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, said: "MÖTLEY CRÜE were singlehandedly responsible for the Los Angeles rock explosion of the 1980s, paving the way for everyone that came in their wake and putting rock music back on to Top 40 radio and the pop charts. Nikki was the catalyst and architect of all of that and we are delighted to welcome him to the Hipgnosis family."
Sixx said: "Merck and his team at Hipgnosis are an artist-friendly, forward-thinking company. Looking to the future, I am grateful that they will treat my music with great care and respect."
With MÖTLEY CRÜE, Sixx has sold more than 100 million albums worldwide as well as achieving seven platinum or multi-platinum certifications, nine Top 10 albums on the Billboard 200 chart, 22 Top 40 mainstream rock hits, and six Top 20 singles.