Catalog cover

Kenny Chesney Sells 80% of Registered Catalog to Blackstone’s Hipgnosis

Kenny Chesney live. Photo credit: LawrenceFung

Hipgnosis Song Management (HSM) has officially acquired a majority stake in the recorded catalog of country star Kenny Chesney, 53.

Hipgnosis Song Management – ​​part-owned by Blackstone and a different entity from the Hipgnosis Songs Fund, it’s worth pointing out – announced its deal with Kenny Chesney via an official statement this morning.

The deal is Hipgnosis Song Management’s first and covers “80% of Chesney’s recorded music royalties,” officials at the Knoxville native said. In my wildest dreams (1994) first album until 2017 Living in the nation without shoes. Featuring 29 live tracks, this latest release features a guest appearance by Taylor Swift and a cover by Bruce Springsteen.

Additionally, the transaction encompasses “future Greatest Hits, Live and/or Acoustic albums by ‘Don’t Blink’ artist, as well as Sound Exchange and Neighboring Rights royalties for each album in Kenny’s catalog,” Hipgnosis said. Song Management. The entity, which also clarified that “the agreement signals the continued relationship with the star”, did not disclose financial details of the pact.

Chesney has released 19 studio albums to date – although those from 2018 songs for saints and 2020s Here and now are not part of the HSM sale – as well as three compilation albums and, including the aforementioned Living in the nation without shoesa pair of live albums.

And on Spotify, the six-time Grammy nominee has 5.97 million monthly listeners. In keeping with catalog music’s well-documented popularity, some of its most streamed tracks on the platform include 2014’s “American Kids” (184.37 million plays), 2018’s “Get Along” (156.64 million plays) and “All the Pretty Girls” (116.03 million plays). Chesney recorded but did not write each of the three songs.

Addressing his deal with HSM in a statement, Kenny Chesney made it clear that he approved of the buyer’s vision for the rights to the song. “Knowing that this music has a house that sees work as a collective body, something that builds on itself and captures the heart of No Shoes Nation, was important to me,” said the “She Thinks My Tractor’s Sexy”.

“How these songs live in the future is key, and I believe Merck [Mercuriadis] is interested not only in recordings, but also in the people who love them. For people who love these songs and albums, it’s a storyline that allows the music to grow and reflect who those of us who live inside of these songs really are,” Chesney concluded.

On Monday, BMG teamed up with investment firm Pimco to buy additional IP music, and the first 19 days of 2022 brought catalog sales involving Heart’s Nancy Wilson, America, John Legend, Matt Redman and the domain. David Bowie.