News about Nile Rodgers

US private equity giant in £1.3bn swoop for troubled music fund Hipgnosis

www.dailymail.co.uk, April 29, 2024
As the City is gripped by a wave of takeover activity, the FTSE 250 group accepted a 104p a share bid from Blackstone. That was more than the 99p a share Blackstone proposed last week and eclipsed two rival offers from US music fund Concord. Hipgnosis -founded by Merck Mercuriadis and Chic funk guitarist Nile Rodgers (pictured) - is  the latest London-listed company to be targeted by a foreign buyer.

Hipgnosis Songs Fund agrees £1.3bn takeover by Blackstone

www.dailymail.co.uk, April 29, 2024
The music rights investor, which owns the back catalogues of Blondie, Shakira and the Red Hot Chili Peppers, said it agreed to a $1.30 (£1.04) per share proposal from Blackstone. It represents a 48 per cent premium to Hipgnosis's closing share price on 17 April before Concord Music, owner of the Round Hill Music Royalty Fund, put forward a £1.1billion bid for the company.

In the case of a court lawsuit, Hipgnosis is responsible for the founder Mercuriadis' "misconduct."

www.dailymail.co.uk, February 26, 2024
The troubled music rights trust warned on Monday that Hipgnosis Songs Fund may be responsible for the suspected personal misconduct of founder Merck Mercuriadis. After refusing to 'indemnify the company against claims that could result from his suspected misconduct, HSF told investors that it would press forward with its Supreme Court lawsuit against Mercuriadis' former chief executive.'

The High Court has filed a lawsuit against the investment advisor and former CEO of Hipgnosis Songs Fund

www.dailymail.co.uk, February 19, 2024
Hipgnosis Songs Fund (HSF) has filed a lawsuit against its investment advisor Hipgnosis Songs Management (HSM) and former CEO Merck Mercuriadis. Earlier this month, the music rights investment trust had requested indemnity from a lawsuit brought by a former Mercuriadis executive against the fund, the company's investment advisor, and a veteran industry consultant alleging that the three entities are stealing a 'business opportunity.'

British Muslim convert, 15, who plotted knife terror attack at the Isle of Wight Festival and wrote his family a letter explaining why he was planning atrocity is convicted

www.dailymail.co.uk, February 5, 2024
A 15-year-old British Muslim convert who planned a knife terror attack at the Isle of Wight music festival was found today. According to jurors, the teen planned to attend the 2022 music festival after he 'adopted an Islamic militant mindset and became a promoter of ISIS. The 16-year-old, who was 15 at the time but could not be identified due to his age, also looked up weapons, cars, and stab vests on the internet, and finally obtained a knife by July 2022.

In a legal battle, the Hipgnosis Songs Fund seeks an indemnity from Mercuriadis

www.dailymail.co.uk, February 5, 2024
Hipgnosis Songs Fund (HSF), the troubled music investor, is seeking protection from the lawsuits brought against its former CEO Merck Mercuriadis. On Monday, the investment trust informed investors that it was aware of the complaint brought by a former Mercuriadis executive against the fund, its investment advisor, and a industry veteran accusing the trio of stealing a 'business opportunity.'

Hipgnosis' leadership change has erupted amid a spat with the board of directors of the Songs fund

www.dailymail.co.uk, February 2, 2024
The former music manager will serve as chairman of Hipgnosis Songs Management, the owner of HSF's assets, which include the back catalogues of some of the world's top artists. Mercuriadis chief operating officer Ben Katovsky, who said he wants to work constructively" with the music rights fund to benefit shareholders, will be replaced by him.

Muslim convert, 15, plotted a terror attack on the Isle of Wight festival and warned a teacher who he claimed had drawn the face of Allah 'you shouldn't feel safe', court told

www.dailymail.co.uk, January 16, 2024
The 16-year-old, who was 15 at the time, was apprehended by the FBI, but he didn't go forward with his plans because he didn't have a car to carry out the attack. The teen intended to attend the 2022 festival after he'adopted an Islamic militant outlook,' according to the court. The festival attracted over 90,000 people and featured performances from Lewis Capaldi, Nile Rodgers, and Chic, Madness, Kasabian, and Happy Mondays. Rather, the kid, who had a snapshot of Osama Bin Laden as his phone's background, hatched plans for a knife attack at an education facility. He was arrested on the day he planned to carry out the assault with a knife in his packsack, as well as notes that he was going to'slice' the throat of a teacher. The teen, a student from Isle of Wight, alleged that one teacher had drawn the face of Allah and wrote: 'You shouldn't feel safe.' I haven't forgotten the day you drew a face and said it was God.'

Davos' debauched underbelly: How the global elite indulge in cocaine, caviar and champagne at secret 'bunga bunga' parties behind the scenes of the World Economic Forum

www.dailymail.co.uk, January 14, 2024
This week, the World Economic Forum 2024 is taking place, with world leaders and business executives meeting for discussions and events concerning the most important topics of the day. This year, the theme is 'Rebuilding Trust,' and it will be attended by 3,000 visitors. But visitors to Davos, Switzerland's tiny mountain resort town, do more than just address global conflicts, the economy, and the evolution of technology. At A-list soirées and parties, they bond and create business bridges with one another.

According to Nile Rodgers, David Bowie would not have made it to fame in today's lucrative music market

www.dailymail.co.uk, December 12, 2023
Nile Rodgers (right), who co-produced David Bowie's (left) album Let's Dance, as well as a having a long-running music career, claims that modern labels would never have given the British star so many chances of commercial success. Bowie, who died at the age of 69, released a string of failed songs in the beginning of his career. His 1967 debut studio album debuted at number 125 in the UK charts.

As the problems pile up, Hipgnosis and co-founder face a court fight

www.dailymail.co.uk, November 23, 2023
The Hipgnosis Songs Fund has been bounded by a growing crisis as a result of legal proceedings from a company that was founded by Merck Mercuriadis (pictured) once ran. A appeal by creditors' liquidators of Hipgnosis Music Limited has been filed in the High Court alleging the transfer of corporate opportunity from HML, of which Mercuriadis was previously a director, to the Hipgnosis Songs Fund.

The court is being sued against Hipgnosis and co-founder Merck Mercuriadis

www.dailymail.co.uk, November 23, 2023
Hipgnosis Music Limited and its investment advisor, Hipgnosis Song Management, have been accused of participating in 'a diversion of market opportunity,' from Hipgnosis Music Limited to the company and its investment advisor. Mr Mercuriadis was also aided by the company with this suspected diversion,' according to the complaint.'

During the Melbourne International Jazz Festival, legendary performers Chaka Khan and Nile Rodgers carried crowds

www.dailymail.co.uk, October 22, 2023
After decades of dominated the American music industry, Chaka Khan and Nile Rodgers showed that they haven't lost it. The musical legends, who were performing at the Sidney Myer Music Bowl for the Melbourne International Jazz Festival on Saturday, sent fans wild. Nile, 71, with his band Chic, Kaiit, and Chaka, 70, sold their audience for six hours.

Investors are facing hipgnosis as its shares decline to a new low

www.dailymail.co.uk, October 17, 2023
Hipgnosis, which was co-founded by Chic funk guitarist Nile Rodgers (pictured), gives investors the opportunity to profit from the royalties of tracks by well-known artists. On Monday, the company's shares fell to a record low after it scrapped its dividend, alerting that US earnings would not be as lucrative as it had hoped.

Following a royal warning, Hipgnosis has cut dividends

www.dailymail.co.uk, October 16, 2023
The music catalogs company revealed that it would not continue to give investors a 1.31p per share interim dividend because doing so would jeopardize its ability to adhere to debt commitments. The US Copyright Royalty Board reported in May that songwriters' and publishers' royalties would rise from 10.5 percent to 15.1 percent, respectively.

With an emotional interpretation of "America the Beautiful," Tony Bennett erects Yankee Stadium and receives a standing ovation

www.dailymail.co.uk, July 21, 2023
This is the dramatic moment when late, great Tony Bennett left Yankee Stadium with a stunning interpretation of 'America the Beautiful' ahead of Game 1 of the World Series in 1998. Fans reminiscing on some of his most popular times after the American crooner and jazz singer died on Friday at the age of 96. One of them was a spectacular night at Yankee Stadium in 1998, when New York native Bennett stepped out in front of a full house to perform in the World Series's first game.

Tony Christie dedicates new song to dementia carers

www.dailymail.co.uk, June 27, 2023
Thank You For Being A Friend, by Tony Christie, has been released as a thank-you to carers who'never get mentioned.' The artist, 80, set the tone for Music For Dementia's Thank You Day project. It will feature a line-up of singers and producers, including Sting, Nile Rodgers, Graham Gouldman, and Graeme Pleeth.

Geri Horner hugs Charles and tells him 'you're a very modern king'

www.dailymail.co.uk, May 17, 2023
As she attended the Trust Awards on Wednesday, Geri Horner was looking for a royal pardon from King Charles. She blushed her cheeks and patted his bum. The Spice Girls actress, 50, has worked with the King many times over the years and appeared excited to see him again when they shared a hug at the star-studded event. After kissing him on both cheeks, Geri even gave Charles an encouraging pep talk, telling him, "You're a very modern king."

After being'stuck in traffic, Beyonce was unable to accept Grammy for Beast R&B Song in a television blunder.'

www.dailymail.co.uk, February 6, 2023
On Sunday, the 65th annual Grammy Awards saw her make history by winning the most trophies ever - 32. Beyonce, 41, was unable to accept the coveted Best R&B song for her album Cuff It after being stranded in traffic. Actress Viola Davis, who herself became an EGOT after winning a gong at the ceremony, took to the stage to announce the nominees before naming Beyonce as the winner.

Beyoncé dresses in a Balmain nude dress when she poses for her new Grammys, putting on an extravagant display

www.dailymail.co.uk, February 6, 2023
After winning three more trophies at the 65th Annual Awards on Sunday, Beyoncé looked dazzling as she posed with her latest Grammy awards. The 41-year-old beauty, who made history by becoming the most Grammy Award-winning artist ever, now has 32 wins under her belt and a whopping 88 nominations. She put on a lavish display in an elaborate custom Balmain sleeved dress with a sculptural neckline, posting on Instagram after the ceremony.

Grammy winners 2023: From album of the year to top song and artist, we have the complete list

www.dailymail.co.uk, February 6, 2023
Beyonce brought on rare emotion and tears as she thanked her husband, children, and late gay uncle as she broke the all time record for most awards at the Grammy Awards after arriving fashionably late. The 41-year-old A-lister had lost previous titles and even the celebrity-studded red carpet, but she didn't miss the monumental moment in Los Angeles, California, where she claimed her 32nd gold gramophone trophy. "Thank you so much," she said as she tried to put an end to her tears. I'm trying not to be too emotional. And I'm only trying to get this evening. I want to thank god for shielding me from harm. God bless you. I'd like to thank my uncle Johnny, who isn't here.'

Beyoncé Missed Her Grammy Win Because She Was Stuck in Traffic

www.popsugar.co.uk, February 6, 2023
Beyoncé fans will be kept on their toes if there is one thing she's going to do. The "Cuff It" singer's attendance at the annual show is always up in the air — and she took the will she/won't she anticipation up another notch this year! Despite the fact that Beyoncé's arrival at the famed Crypto.com Arena was teased during E! The singer never turned up on "Live From the Red Carpet," prompting fans to ask where the performer was.

Be sure that trusted businesses are providing the right kind of bets

www.dailymail.co.uk, January 6, 2023
The word 'discount' seems to be a way to get more for less. This is why there is so much excitement about the increasing availability of discounts on several investment trusts, especially those focused on commercial property, private equity, and smaller businesses. But scrimpers like me must know how to reduce their instincts. Because a discount may appear to be a lower-cost bet on the trust's overall growth and dividend-flow, the reality may be much less rewarding.

As praising Ellie Goulding's performance, Royal Variety viewers mocked Nile Rodgers' 'awful' appearance

www.dailymail.co.uk, December 21, 2022
On Tuesday, the Royal Variety Performance was shown on ITV, weeks after being caught at the Royal Albert Hall in London on December 2nd. With Nile Rodgers as a partner and pop star Ellie Goulding, a whole host of actors appeared on the stage. In a series of social media posts, fans were left unimpressed by Chic singer Nile's branding it 'awful,' before praising Ellie as "perfection."