Hipgnosis Song Management has acquired 80% royalties from Kenny Chesney’s recorded music, the company announced, spanning his discography from his 1994 debut “In My Wildest Dreams” to 2017’s “Live in No Shoes Nation.” 22 albums of which 15 are certified platinum. The deal is Hipgnosis Song Management’s first acquisition since its recently announced partnership with Blackstone to acquire music rights and manage catalogs.
Terms of the agreement were not announced.
Chesney is one of the best-selling country artists – and one of the highest-grossing live artists – of the past 25 years, with more than 30 million albums sold worldwide. Songs included in the deal are country hits such as “The Good Stuff”, “There Goes My Life”, “How Forever Feels”, “When
The Sun Goes Down”, “Never Wanted Nothing More” and “Summertime”. He has won the Country Music Association’s Academy of Country Music Artist of the Year award four times and been nominated for six Grammys.
Chesney was represented in the deal by his longtime manager Clint Higham at Morris Higham Management and attorney Jess Rosen at Greenberg Traurig.
Hipgnosis Founder and CEO Merck Mercuriadis said, “Kenny Chesney is one of America’s greatest artists. It has been delighting music fans around the world for almost 30 years. His incredible success of over 30 million records sold, including nine No. 1 albums on the Billboard 200 All Genres chart and 17 No. 1 albums on Billboard’s Country chart, tells you all you need to know. Add to that his unparalleled success as a touring artist and the juggernaut that is No Shoes Radio, and you realize Kenny is truly a phenomenon. It is a pleasure and a privilege to welcome Kenny and Clint to the Hipgnosis Songs family and we are delighted to launch our new Blackstone-backed fund with this historic acquisition.
Chesney said, “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. How these songs live in the future is critical, and I think Merck has the best interest in not just the recordings, but the people who love them. For people who love those songs and albums, it’s a storyline that allows the music to grow and reflect who those of us who live inside those songs really are.
Higham added: “Kenny has dedicated his life to amassing the body of work contained here, and it’s something we’ve all taken very seriously throughout his unprecedented career. There’s no more important than protecting the legacy of these songs.