Bulletin YOUR DAILY ENTERTAINMENT NEWS UPDATE JULY 7, 2021 Page 1 of 21 INSIDE Hipgnosis Raises $215 Million With • Britney Spears’ Stock Offering, Exceeding Target Conservatorship Lawyers to Resign BY CHRIS EGGERTSEN • Britney Spears’ Hipgnosis Songs Fund Limited has raised £156 million ment which manages these songs with bandwidth and Manager Larry ($215 million) through a proposed share sale on the responsibility.” Rudolph Resigns Amid Retirement London Stock Exchange, the company announced As the company announced last month, Hipgnosis Reports today (July 6). That exceeds the £150 million ($207 expects to use the proceeds from the placing to ac- million) Hipgnosis targeted when it announced the quire catalogs already lined up by The Family (Music) • My First Show share placing last month. Limited, the Mercuriadis-founded investment adviso- Back: Henry Bordeaux on Tyler, According to a press release, the funding round ry firm that recommends purchases to Hipgnosis and The Creator’s Triple was oversubscribed due to “significant demand from uses what it calls “song management” to extract value Underplay Return existing and new investors.” As a result, 128,636,363 on the back end. Mercuriadis previously announced new ordinary shares have been placed at a price of that this latest round was investors’ last chance to buy • Donald Trump Sues Facebook, Twitter £1.21 ($1.67) apiece, for a total of 1,211,076,631 ordinary into Hipgnosis for at least a year. and YouTube for shares in issue. They are expected to begin trading on Prior to today’s announcement, Hipgnosis had Wrongful Censorship the London Stock Exchange July 9. raised a total of £1.1 billion ($1.5 billion) through a “I am once again delighted with the support from 2018 IPO and six subsequent raises, the most recent • LyricFind Expands in Brazil Via Deal both our existing and new shareholders with an one in February 2021. With ABRAMUS oversubscribed raise of over $215 million, £156 mil- Hipgnosis, which is a member of the FTSE 250 Digital lion,” said Hipgnosis founder Merck Mercuriadis in Index, had revenue of $138.4 million in the year ended a statement. “We will deploy this immediately into March 31, 2021, a 66% increase year-over-year, and • Jaxsta Taps Beth Appleton as Chief our pipeline of songs and I am incredibly appreciative earnings before interest, taxes, depreciation and Marketing Officer: of the incredible songwriters who have entrusted us amortization of $106.7 million, according to finalized fi- Exclusive with their iconic works. We will now have a portfolio nancial figures the company released this week. During of almost $2.5 billion of extraordinarily successful and that 12-month period, the company spent $1.06 billion • BILLBOARD 200 culturally important songs, which offers a massive op- on the purchase of full or partial stakes in 84 music cat- CLICK HERE portunity for us to add value with our Song Manage- (continued) TOTAL IMMERSION ESSENTIAL ANALYSIS of the latest business topics and trends formulated to give industry players the competitive advantage in a rapidly changing market. EXCLUSIVE QUARTERLY REPORTS that deliver in-depth, holistic reporting; case studies; and custom data designed to serve the industry. A DEEP DIVE LIBRARY stocked with intelligence on fan data, SUBSCRIBE TO BILLBOARD PRO FOR song catalog sales, TV synchs, Africa’s burgeoning music ACCESS TO NEW REPORTS business and the gaming industry’s embrace of artists. AND THE ARCHIVE Panos Panay Harvey Mason jr. Valeisha Butterfield Jones Co-President CEO Co-President A BOLD NEW ERA IS HERE The next generation of Recording Academy leadership. GRAMMY.COM Page 3 of 21 IN BRIEF alogs, including those of Neil Young, Barry given the 39-year-old Toxic singer options, Among Spears’ few performances in Manilow, Shakira, Jimmy Iovine, Enrique including that she could request for the con- recent years is her Piece of Me Tour in 2018. Iglesias, Fleetwood Mac’s Lindsey Buck- servatorship end. But in Spears’ 20-minute According to the New Yorker, her contract re- ingham and Wu-Tang Clan member RZA. testimony, she emphasized that she didn’t quired she remain under the conservatorship. Its total portfolio now includes 138 catalogs know she could petition for the conservator- This article was originally published encompassing 64,098 songs. ship to end. by The Hollywood Reporter. A recent New Yorker story noted that Ingham would report on Spears’ activities Britney Spears’ and movements and suggested that he may Britney Spears’ have been more loyal to the singer’s father Conservatorship and to the conservatorship. Spears covers Manager Larry his annual salary of $520,000. Lawyers to Resign Benny Roshan, chair of Greenberg Rudolph Resigns Glusker’s trusts and probate litigation BY TRILBY BERESFORD group, recently speculated that Ingham may Amid Retirement announce his resignation due to Spears’ fter a bombshell court appear- dissatisfaction. “If Britney really wants new Reports ance, Britney Spears’ longtime counsel, and she tells enough people, there court-appointed counsel Samuel is a possibility that Ingham may consider it BY ABID RAHMAN D. Ingham III will resign from wise to resign and end on a high note rather herA conservatorship, according to docu- than being removed by a court order,” said ritney Spears’ long-time man- ments filed Tuesday (July 6). Roshan. ager Larry Rudolph who guided Ingham, who was court-appointed to Spears’ manager Larry Rudolph resigned and shaped her career for over 25 represent Spears and has done so for the earlier this week amid reports that the pop years has resigned amid reports last thirteen years, was allegedly upset singer has plans to retire. Rudolph had Bshe has retired from music. The BBC is re- after hearing Spears’ virtual testimony to worked with Spears for the last 25 years, porting that Rudolph sent a letter to Spears’ a judge last month, where she expressed, though has alleged that he has not been in co-conservators Jamie Spears and the for the first time publicly, her desire for the contact with her for the last two and a half court-appointed Jodi Montgomery, Rudolph conservatorship to end and for her father, years due to her work hiatus. writes that “It has been over 2 1/2 years Jamie Spears, to stop controlling her per- Financial form Bessamer Trust, which since Britney and I last communicated, at sonal decisions, finances and communica- was appointed as Spears’ co-conservator, which time she informed me she wanted to tions. TMZ was first to report the news of also recently requested to resign from the take an indefinite work hiatus. Earlier today, Ingham’s resignation. role, citing her desire for the conservator- I became aware that Britney had been voic- According to TMZ, Ingham had regularly ship to stop. ing her intention to officially retire.” AUTHORITATIVE INTELLIGENCE. DELIVERED DIGITALLY. CLICK HERE FOR FREE DELIVERY DIGITAL NEWSLETTERS Congratulations, 2021 BILLBOARD COUNTRY POWER PLAYERS Including our very own Diane Pearson and Lori Badgett. Diane Pearson Lori Badgett SVP and Team Leader SVP and Team Leader Entertainment Division, Entertainment Division, Nashville Nashville Discover The way up® at cnb.com. City National Bank Member FDIC. City National Bank is a subsidiary of Royal Bank of Canada. ©2021 City National Bank. All Rights Reserved. 431479 BILLBOARD COUNTRY UPDATE APRIL 13, 2020 | PAGE Page 4 5OF of 19 21 ON THE CHARTS JIM ASKER [email protected] IN BRIEF SamHunt’s Southside Rules Top Country HeA adds,lbu “I believems; it is inBrett Britney’s best Y oungSpears ‘Catcleft Rudolph’sh Reign’-es Deer FifthEnter- AirplayIn this installment, Ground Branch Tour- interest for me to resign from her team tainment in 2004 but returned in 2007 at ing’s Henry Bordeaux talks about help- as my professionalLea servicesder; are noTravis longer theDenning behest of her father Makes Jamie according toHistory ing Tyler, the Creator return to the stage for needed.” a New Yorker report. Through Reign Deer, three surprise shows in Los Angeles, Dallas Deadline was first to report the news of Rudolph has also managed Miley Cyrus, and New York (June 29-July 1). As tour man- SamRudolph’s Hunt’s resignation second studio as full-length,Spears’ manager. and first in overJustin five Timberlake, years, Southside Avril sales Lavigne, (up 21%) Backstreet in the tracking ager week. for On Tyler Country (as well Airplay, as Olivia it hops Rodrigo18-15 (11.9), mil - (MCAThe news Nashville/Universal of Rudolph’s Musicresignation Group Nashville), is the debutsBoys, at No. Toni 1 on Braxton, Billboard’s will.i.am, lion audience Nicole impressions, Scher- Bordeauxup 16%). discusses reopening venues, the Toplatest Country dramatic Albums development chart dated in April Spears’ 18. In at its- first zingerweek (ending and the April late 9), DMX.it unmistakable roar of a live crowd and what earned 46,000 equivalent album units, including 16,000 in album sales, ac- TRY TO ‘CATCH’ UP WITH YOUNG Brett Youngachieves his fifth consecutive cordingtempts toto Nielsen end her Music/MRC conservatorship, Data. which This article originally andappeared total Country on The Airplay No.he 1 is as doing “Catch” to (Bighelp Machine students Label who Group) lost out ascends on a forSouthside 13 years markshas seen Hunt’s her secondconservators, No. 1 on who the Hollywood Reporter. year2-1, ofincreasing learning 13% the to live 36.6 music million business. impressions. chartinclude and her fourth father, top 10.Jamie It follows Spears, freshman controlling LP WeYoung’s did three first showsof six chart in three entries, days. “Sleep All ofWith - Montevallomany important, which aspectsarrived at of the her summit life including in No - themout You,” were reached secret shows No. 2 in — December all of them 2016.