Merck Mercuriadis’ Hipgnosis Songs is adding the Barry Manilow catalog to its $1 billion-plus portfolio.
Manilow, a Grammy, Tony and Emmy winner, is among the most successful recording artists of the 1970s and 1980s with 50 Top 40 singles to his name. Manilow’s career has continued to flourish in the decades since as a live performer.
Said Mercuriadis in announcing the acquisition: “Barry Manilow is an International treasure. He’s an incomparable artist, songwriter, arranger, musician and performer. In the 1970s and 80s he redefined mainstream entertainment and drove it to new heights of success with truly classic songs. From ‘Mandy’ to ‘I Write The Songs’, ‘Copacabana’ and ‘Looks Like We Made It’ he is one of those rare artists that unites everyone. We are honored to have Barry and Garry join the Hipgnosis Family.
Songwriting catalogs have become a hot commodity in the last year as deep-pocketed financiers eye their steady income as a sound investment, although many have criticized the model for paying larger-than-market-value multiples.
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