MERCK MERCURIADIS’S HIPGNOSIS SONGS FUND ACQUIRES DAVE STEWART CATALOG | Anthony S Casey Singapore

MERCK MERCURIADIS’S HIPGNOSIS SONGS FUND ACQUIRES DAVE STEWART CATALOG

Merck Mercuriadis’s publicly-traded UK company Hipgnosis Songs Fund has made another big catalog acquisition – less than a month after it raised $185m with which to buy rights in the songwriter/publishing marketplace.

Mercuriadis’s fund has acquired a music catalog from David A. Stewart (pictured), the musician, songwriter, and record producer best known for Eurythmics, his successful partnership with Annie Lennox.

Stewart co-wrote and produced each of Eurythmics’ albums, including eight Top 5 and three No.1 UK albums, which are estimated to have sold over 100 million albums worldwide.

With Eurythmics, he co-wrote 13 US No.1 singles, including Sweet Dreams (Are Made of This), Would I Lie To You and There Must Be An Angel (Playing With My Heart).

Hipgnosis has acquired 100% of Stewart’s copyright interest in his catalog, comprising 1,068 songs in total, which includes his writer’s, artist’s and producer’s share of income.

According to British recorded music trade body the BPI, Sweet Dreams (Are Made Of This) is the most-streamed song of any song originally released in 1983.

Eurythmics were awarded the Ivor Novello Award for Songwriters of the Year in 1984 and 1987 and Best Contemporary Song in 1987 for It’s Alright (Baby’s Coming Back), the 1987 Grammy Award for Best Rock Performance by a Duo or Group with Vocal for Missionary Man and the 1999 Brit Award for Outstanding Contribution to British Music.

In 2005, both David A. Stewart and Annie Lennox were elected to the UK Music Hall of Fame.

Both during and following Eurythmics, Stewart has produced and written songs with globally successful artists including Tom Petty on his US No.3 Don’t Come Around Here No More, No Doubt on their US No.1 Underneath It All, Shakespear’s Sister on Stay, which was a UK No.1 for eight consecutive weeks, in addition to songs with Mick Jagger, Bono, Bob Dylan, Gwen Stefani, Bon Jovi, Stevie Nicks, Bryan Ferry, Katy Perry, Sinead O’Connor and Joss Stone.

“IT’S AN HONOUR FOR NILE RODGERS AND I TO WELCOME DAVE TO OUR ADVISORY BOARD AND TO THE HIPGNOSIS FAMILY. I’M NOT GENERALLY ONE FOR PUNS BUT SWEET DREAMS ARE LITERALLY MADE OF THIS.”

MERCK MERCURIADIS

Stewart has also had major successes as an artist, including the instrumental, which was a global hit single, as a legendary duet with Candy Dulfer Lily Was Here, which reached No.6 in the UK.

Stewart has been awarded Best British Producer at the Brit Awards an unprecedented three times in 1986, 1987 and 1990.

In addition he was awarded the 2004 Ivor Novello Award for Outstanding Contemporary Song Collection, a Golden Globe and Critics Choice Award in 2005 for Old Habits Die Hard with Mick Jagger and Clive Davis’ Legend in Songwriting Award.

“MERCK UNDERSTANDS THAT WITHOUT THE SONG THERE IS NOTHING AND THEREFORE HOLDS SONGS WITH THE UTMOST RESPECT, HENCE UNDERSTANDING THEIR IMPACT ON SOCIETY AND THEIR LONG TERM VALUE.”

DAVE STEWART

Merck Mercuriadis, Founder of The Family (Music) Limited and Hipgnosis Songs Fund Limited, said: “This is an incredible moment for Hipgnosis.

“I have been lucky enough to know Dave since the summer of 1983 and I have spent most of those 35 years marvelling at his incredible work. I consider him to be one of the most important songwriters, artists and producers of all time.

“The work he and Annie did together as Eurythmics defines the 1980s and 1990s but still remains timeless today. He brought the same spirit to the Top 5 and No.1 hits he produced and wrote with Tom Petty, No Doubt, Shakespear’s Sister and so many more.

“It’s an honour for Nile Rodgers and I to welcome Dave to our Advisory Board and to the Hipgnosis family. I’m not generally one for puns but sweet dreams are literally made of this.”

“IT WOULD BE TOUGH TO FIND ANYONE WHO VALUES GREAT SONGS AND IMPORTANT ARTISTS MORE THAN MERCK, WHO’S ALSO A WICKEDLY SHARP DEALMAKER. THIS DEAL IS MONUMENTAL, AND A PERFECT MATCH.”

DAVE KAPLAN

Stewart added: “Merck understands that without the song there is nothing and therefore holds songs with the utmost respect, hence understanding their impact on society and their long term value.

“He sees his company more like a song management company unlike many publishers who act more like a collection agency and wait for the money to pour in. I’m excited to be on the advisory board of this forward thinking company and sure we will have great success together.”

David A. Stewart was represented by manager, Dave Kaplan and attorney, Peter Paterno.

Dave Kaplan said: “After putting everything in place during the negotiation, it was hard to imagine Dave’s iconic body of work could possibly have come from one human being in one lifetime (so far)!

“It would be tough to find anyone who values great songs and important artists more than Merck, who’s also a wickedly sharp dealmaker. This deal is monumental, and a perfect match.”

Since last summer, Hipgnosis has acquired stakes in catalogs created by celebrated songwriters like Giorgio Tuinfort (David Guetta)Teddy Geiger (Shawn Mendes)The-Dream (Justin Bieber, Rihanna)Poo Bear (Chris Brown, Justin Bieber)Itaal Shur (Santana)Bernard Edwards (Chic)Tricky Stewart (Rihanna, Beyoncé) and TMS (Jess Glynne, Little Mix).

The company has also recently bought up rights to No.1 songs such as Yeah by Usher, Check On It by Beyoncé, We Belong Together by Mariah Carey and Be Without You by Mary J. Blige.

It also snapped up a music catalog from American songwriter, producer and singer Brittany Hazzard, aka Starrah.Music Business Worldwide

Premier League Inks Global Sports Betting-Data Deal With Genius | Anthony S Casey Singapore

Liverpool's Dutch defender Virgil van Dijk.
Liverpool’s Dutch defender Virgil van Dijk. Photographer: Christof Stache/AFP via Getty Images

The English Premier League, which features global soccer brands such as Manchester United, Chelsea and Liverpool, has selected Genius Sports Group to exclusively collect and distribute its data to betting companies worldwide.

Next season, Genius will replace Perform Group, which agreed last month to be sold to Vista Equity Partners by billionaire Len Blavatnik’s DAZN Group. Financial terms of the multiyear deal with Genius weren’t disclosed.

Through Betgenius, its sports-betting division, Genius will collect live data from inside stadiums at more than 4,000 games and distribute it in less than a second to hundreds of licensed gambling houses. The deal includes games in the EPL, English Football League and Scottish Professional Football League.

Fast, reliable data is at the heart of what drives sports betting. It’s an essential component of what’s called in-game or live betting — point-by-point, play-by-play gambles that drive most of the wagering. That same data may be used by media companies to improve programming and engagement, both of which makes the content more valuable.

“English and Scottish football is vital to any sportsbook,” said Adrian Ford, general manager of football at Dataco, the data rights holder of all competitions covered by the agreement.

Soccer’s Share

According to the U.K. Gambling Commission, soccer accounts for 46 percent of online betting revenue. The breakdown isn’t league specific, though the EPL is widely considered the most popular in the world. The wagering also helps expand the league’s presence in Asia, where the vast majority of gambling happens illegally.

Getting exclusive rights to the EPL is a coup for Genius, which was sold last year to private equity firm Apax Partners LLP. Genius Chief Executive Officer Mark Locke called the contract “transformational” for the company.

“This deal gives Genius Sports exclusive access to the most valuable sports-betting content in the world and reinforces our commitment to delivering the most competitive products and services for our customers,” he said.

Ajax Shares Fall 21% as Spurs Snatch Final Spot With Late Winner – Bloomberg | Anthony S Casey Singapore

Shares of AFC Ajax NV tumbled after the Dutch soccer team missed out on its first Champions League final since 1996 following an agonizing last-gasp defeat to England’s Tottenham Hotspur.

Brazilian Lucas Moura completed a sensational hat-trick in the ninety-sixth minute of play in Amsterdam to wipe out two first half Ajax goals and send the English Premier League side to the final by virtue of scoring more away goals, with the teams tied 3-3 across two games.

Ajax’s stock fell as much as 21% in early Amsterdam trading, erasing a rally of about the same amount that followed the team’s 1-0 win in London last week. Defeat cost the club at least an extra 15 million euros ($16.8 million) in prize money, equal to about 16% of its 2018 adjusted revenue.

But despite crashing out of the competition in the cruelest manner, Ajax shares remain up about 52% over the past year. In addition to an increased share of tournament revenue awarded by European governing body UEFA, the unexpected run to the semi-finals has put the side back among European soccer’s elite, which will likely give it added leverage when negotiating commercial deals with sponsors.

Stock pares recent gain as team misses out on Champions League final

It’s also fueled speculation of big transfer payments as other teams come scouting for Ajax’s young stars. FC Barcelona have already snapped up 21-year-old midfielder Frenkie de Jong for 75 million euros.

Thunder storm and SICC Golf Club | Anthony S Casey Singapore

Coldplay Concert Experience 2017

Below, find some images and videos from a recent Coldplay concert! Incredible friends and music –I had a splendid time. The concert took place at the National Stadium in Singapore on March 31. The band played everything from ‘A Head Full of Dreams’ to ‘Yellow’ to ‘Clocks.’ In addition to playing an incredible concert, Coldplay’s frontman Chris Martin confirmed his status as a good guy by visiting the KK Hospital during his trip.

Coldplay, Anthony S CaseyColdplay, Anthony S CaseyColdplay, Anthony S CaseyColdplay, Anthony S Casey

Singapore Yacht Show 2017

Anthony S Casey ❤️ big boats ⛵️so he and his friends were very grateful to spend the evening onboard the fastest superyacht of its kind, the 252ft Silverfast. She has a range of 6000 miles at 14 knots. The yacht arrived in Singapore after spending 3 months in the Maldives 😎.

Anthony S Casey was invited to attend the Singapore Yacht Show 2017. The VIP cocktail party on the M/U Silverfast took place on Friday, April 7 at the One ’15 Marina Sentosa Cove.

Singapore Yacht Show 2017 | Anthony S Casey

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Changi Naval Base, Singapore

I was invited to the Changi Naval Base in Singapore! The Chargé d’Affaires, a.i. of the United States of America and Commander, United States Third Fleet requested the pleasure of my company for a reception for the Carrier Strike Group ONE’s visit to Singapore on Tuesday, the fourth of April. Taking place at seven o’clock that evening onboard the USS Carl Vinson (CVN-70).

Changi Naval Base SIngapore | Anthony S CaseyChangi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S Casey Changi Naval Base SIngapore | Anthony S CaseyChangi Naval Base SIngapore | Anthony S Casey Anthony S Casey Singapore


Singapore Leading in Urban Innovation

Singapore Leading in Urban Innovation - Anthony S. CaseySingapore, located on the southern tip of peninsular Malaysia, was recently named one of the principal cities leading the way in urban innovation. This is due to Singapore’s distinctiveness as a region that’s able to blossom and endure, despite limited resources. Some of the other metropolitan included on this list are Medellín, Colombia; Houston, Texas; and Vancouver, British Columbia.

Singapore managed to find it’s way to the top of this list due to their ability to manage extremely limited resources. Despite setbacks, Singapore has been able to effectively promote education, maintain a government that’s reasonably free of corruption, and supports business. With very few resources to their name, Singapore has managed to be a financial, transport, and global commerce hub. The technology-ready island city-state frequently depends on the neighboring country Malaysia for its water, and imports nearly all of their food.  Also, approximately 30 percent of their population consist of non-permanent residents to stimulate the economy.

Singapore looks to the sea and sky to meet its water needs. Rainwater is treated to produce drinking water and water for flushing the toilet. Also, the two desalination plants can churn out 100 million gallons of water each day, using rainwater. There’s an ambitious wastewater reuse system in Singapore, which uses ultraviolet light as a disinfectant and advanced membrane filters. Though public water is sanitized to the point of it being safe for public consumption, it’s reserved for industry and air conditioning.

The bustling city is roughly the same size of New York City, and it’s considered to be “a city innovating under constraint.” More than other cities, Singapore was able to make significant use of limited space, and they’ve initiated “congestion pricing,” where drivers are charged when commuting into the business district during the bustling rush hour. Local government cap the number of vehicles that can be registered, and satellite devices track driving distances and adjusts tolls based on traffic. Motorists tend to pay quite a bit for commuting, but many have learned how to alleviate the financial burden of owning a car by doing their maintenance, utilizing carpooling services, and enrolling in gas station memberships.

Singapore’s ability to innovate has made the state attractive to tourists and real estate experts.

Anthony S Casey: Football Finance Note in 2017

Football Finance Note ETI (FFN) provides its investors the opportunity to overcome barriers to entry and participate in short-term receivables sales and other football finance transactions with professional football clubs. There is ultimate recourse to the relevant football league or supervisory bodies secured by pre-

paid claims. FFN does this within the long established, non-cyclical sports industry, with a focus on football TV-broadcasting rights. Receivables sales deals, secured by pre-paid broadcasting rights are an attractive investment, with a compelling risk/return profile, adding yield and diversification to any portfolio within a broad asset allocation strategy. The investment manager targets an annual yield of 6% plus in USD, with tightly managed duration risk and minimal correlation to other asset classes. Always within professional sport, such as English and European football, the individual deal sizes are in the range of USD  0.5m to USD 20m, with a typical deal duration of 6 to 24 months. The investment team has a deal track record in excess of 10 years and a deep network within the relevant industry.

January 2017 began with a flurry of activity, given the 4-week ‘Transfer Window’ in the English League. A new record spend was achieved at GBP1.4b on EPL player transfers, with the other European Leagues closing the gap quickly. This should feed profitable deal flow through FFN with a number of clubs requesting funding.

We were presented with a rare short-term, high margin deal, but as we were almost fully invested (~84%), we activated our first ‘capital call’ request to our investors. At the time of writing the deal is now 90% subscribed and we expect to complete the transaction in February.

FFN documentation has now been translated into Mandarin, at the request of a Chinese bank and ongoing negotiations should prove fruitful for our expansion into China in 2017.

FFN continues to attract positive media attention given the uncorrelated returns generated, with strong support from the internal staff at Swiss-Asia, we are happy to receive investors from both the Wealth Management & Fund Management teams, creating good capital raising momentum, that our deal pipeline can now match.

We wish you a happy and prosperous year of the Rooster!

 

Anthony S Casey: Football Financing in 2016

The two Maestro’s of Manchester are Jose Mourinho and Pep Guardiola. But it’s likely we won’t see their battle royale until September when MU play MC.

Here’s what we expect for first day of the new season. It’s only 7 weeks away!

Let’s consider the money that’s involved in football.

Promotion and relegation in the English Premier League in 2016 is growing. The best English football had a four-year TV contract worth £44 million in 1988. The English Premier League will make £5.136 billion in national TV rights over the next three years nearly thirty years later. This doesn’t even include International rights!

The amount of money has made promotion to the English Premier League vital for teams in the second-tier English Championship. At the same time, it is more important than ever before those teams retain that top-flight status.

With the financial backing from TV, it’s extremely possible the English Premier League could see another Leicester City.

Three teams qualified for the English Premier League 2016-17 season via promotion: Burnley, Middlesbrough and Hull City. With the injection of money in the league, all three will have spending power like never before. Although the “big” clubs are moving to prevent that through player and managerial signings. The “fairer” split of TV money amongst Premier League teams – compared to those in other leagues in Europe – means the competition within the top-flight could be more even than ever, next term.

When Middlesbrough clinched promotion to the English Premier League in May, they pocketed £170m. A few weeks later, Hull City bagged £110m with their promotion playoff win over Sheffield Wednesday. Financial analyst firm Deloitte estimates that those numbers could rise to £290m if both sides retain their Premier League status next season. Pushing both clubs’ spending power far beyond what it was when they last appeared in the English Premier League. Those numbers for both sides can be a bit misleading, however. Both should see around £95m in 2016 from central distributions, increased commercial activities and gate receipts. The remainder of the money will be guaranteed Parachute Payments if they are relegated.

Burnley, who have yo-yoed between the Premier League and Championship in recent years, will see similar financial numbers. Burnley only last summer spent a transfer fee record £6m on striker Andre Gray. The money that bought Gray came from Parachute Payments used by Burnley after their 2015 relegation. This summer’s transfer window should see the claret and blue break that record.

While three clubs came up from the Championship, three now replace them from the Premier League. Newcastle United, Norwich City and Aston Villa will join the second division, but will do so with Parachute Payments in their back pockets. Despite the payments the clubs will receive, the biggest effect of relegation is missing out on the TV rights money. Championship teams collect a mere £3m compared to their Premier League rivals. Teams in the top-flight will make around £10m per game in 2016-17.

In addition to TV money, Aston Villa simply finished last in the wrong Premier League season. The Villains are guaranteed £66m for being bottom of the table. However, next season’s bottom dweller will see £100m go into their back accounts. It has truly never been a better time to be an English Premier League team thanks to next year’s TV deal going into effect.

Despite the relegated clubs being paid £65m in Parachute Payments, that figure is stretched out over four years. Norwich will get £25m next season, but that amount will be reduced in each subsequent year.

It is not just the players that are affected by relegation from the English Premier League. All three clubs are expected to cut jobs, and the wages for players and staff, if staff jobs are carried over. The price of being shut out of the Premier League is bigger than ever before, and it is set to continue growing.

 

Anthony S Casey on football investing. Read this original post on Linkedin and follow on Twitter.