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In the report, Mercuriadis notes, “When compared with the three major song companies, we have achieved between 7% and 12.5% of their revenue on between 0.5% and 0.9% of their number of songs.” This is a result of the group’s highly selective investments, which he summarizes in the report thus: “All of our songs have a proven track record and we do not speculate on new songs regardless of the past performance of the songwriter, producer or artist. From 1999 to 2004, the FBI (along with the NYPD) investigated the Wu-Tang Clan about a whole host of alleged crimes, ranging from gang ties to drug crimes and money laundering. As Vice tells us, said beef was largely a one-sided thing nursed by the Bureau. Between March 2019 and March 2020, the company spent nearly $700 million to acquire 42 catalogs. Every self-respecting famous artist has an enemy or two, but leave it to the Wu-Tang Clan to have beef with none other than the FBI. The firm, which has been on an unprecedented acquisition binge of hit songwriter and producer catalogs - been buying up catalogs by hitmakers ranging from Timbaland and Eurythmics’ Dave Stewart to Jack Antonoff and Jeff Bhasker - began trading on the London Stock Exchange in July of 2018.
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Hipgnosis Songs recently released its annual report, which showed its revenues soaring in its first full year of business, climbing to $81 million in the 12 month period ended in March 2020 from around $8.9 million in the preceding period. RZA and I are thrilled to partner with them on these songs and continue our long standing relationship with Merck.” Tyler Childs said: “Merck and Hipgnosis are true music people through and through.
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I’m honored to partner up with Merck and the Hipgnosis team to usher my songs into an exciting future.” RZA said: “I wear various hats in my artistic expressions but the one that has been so deeply reflective of my life’s journey is my songwriting. He is now globally recognized as a true renaissance man of hip-hop and most would argue that he is the G.O.A.T.” They were and are the most authentic band and brand in Hip Hop and it all starts with RZA’s vision, his songs and his struggle, manifested in music, that could show the entire world what was really going on. Merck Mercuriadis, Founder of Hipgnosis Songs Fund Limited and The Family (Music) Limited, said: “RZA and the Wu-Tang Clan did not invent hip-hop but they took it from being fun to something that represented a true reflection of what the streets, and being black in America was really like. Imagine Televisions Grazer and Calfo will executive producer, as will RZA, Tse, and Method Man. Hipgnosis has acquired 50% of RZA’s worldwide copyrights, including publishing and writer share, in his Catalogue comprising 814 songs. The show is created and written by Tse and RZA.