Hipgnosis Songs Picks Up Teddy Geiger's Share of Shawn Mendes Hits
Hipgnosis Songs, the music intellectual property investment company set up by former Beyoncé and Guns N' Roses manager Merck Mercuriadis, has picked up six songs by Shawn Mendes songwriting partner Teddy Geiger.
The deal sees Hipgnosis acquire Geiger's share of the copyright in some of Mendes' biggest hits, including breakthrough single "Stitches," which peaked at No. 4 on the Billboard Hot 100, and "Treat You Better." The latter track, released in June 2016, peaked at No. 6 on the Hot 100 and went Top 10 in over 30 international markets.
Other songs included in the deal include "There's Nothing Holding Me Back," "Mercy," "Lost In Japan" and the Grammy-nominated "In My Blood."
Collectively the six songs have had over 5 billion streams on Spotify and Apple Music and hit the No. 1 spot in over 20 charts globally, says Guernsey-registered Hipgnosis. Terms of the deal were not disclosed.
Last year, Mendes became the became the first artist to have four Number 1 songs on the Billboard Adult Top 40 radio airplay chart before turning 20-years-old with "Stitches," "Treat You Better," "There's Nothing Holding Me Back" and "In My Blood."
"It's been the greatest privilege to be a part of Shawn's journey, to see first-hand his growth as a genius artist and share so many great songs, experiences and memories together," said Geiger in a statement.
"These songs mean the world to me and I'm thrilled to welcome Merck and Hipgnosis as a partner in this next chapter of my career," added the singer-songwriter, who signed to Columbia records as a teenager and has also written hits for One Direction, Anne-Marie, Christina Aguilera and 5 Seconds of Summer. Mercuriadis called Geiger one of "the most important contemporary hitmakers."
"Her work with Shawn Mendes has helped him become a global superstar and is the definition of what a great writer and superb artist can do together, to create not only hits, but what will unquestionably be an enduring career for both," said the Hipgnosis founder, who counts Elton John, Morrissey, Iron Maiden and Diane Warren among his former management clients.
Geiger's manager Ollie Hammett credited Hipgnosis as a "forward-thinking company that truly values songs and songwriters" which will "shake up the status quo and fix the imbalance in the streaming era."
Other catalogs Hipgnosis has acquired since raising £200 million ($260 million) in capital last June include Christopher "Tricky" Stewart, The-Dream, Itaal Shur, Giorgio Tuinfort and Chic co-founder Bernard Edwards.
Hipgnosis' advisory board members include Nile Rodgers (who is managed by Mercuriadis), The-Dream, artist manager Ian Montone, Lava Records CEO Jason Flom and entertainment lawyer William Leibowitz.