Erika Ender, a Panamanian singer-songwriter who co-wrote chart-topping Despacito, has offered her music catalog to Hipgnosis Music Administration.

Hipgnosis says that it has acquired a 100% curiosity in Ender’s publishing copyrights (together with the author’s share of efficiency) “in all songs in her catalogue printed, launched or utilized by means of her Sony Music Publishing deal from 2007 by means of 2019 together with Despacito and greater than 25 No.1Songs”.

The cash for the TMS acquisition has come from the non-public, Blackstone-backed Hipgnosis Songs Capital (to not be confused with the UK-listed public fund, Hipgnosis Songs Fund).

Despacito, launched in January 2017, topped the charts in 47 international locations and was licensed platinum in 9 territories. The observe has amassed 1.53 billion streams on Spotify up to now, whereas its music video reached a whopping 8.1 billion views on YouTube. The music was written by Ender alongside Luis Fonsi and Daddy Yankee.

“Erika Ender has outlined Latin music for the final 30 years. Her greater than 40 #1 singles have made her one of the crucial profitable and influential songwriters of all time.”

Merck Mercuriadis, Hipgnosis Music Administration

A remix model of the music carried out by Justin Bieber with Luis Fonsi and Daddy Yankee outpaced the unique model, producing 1.61 billion streams on Spotify. 

The unique model gained three Latin Grammy Awards in 2017 together with File of the 12 months and Music of the 12 months, whereas the remix model gained Finest City Fusion/Efficiency.

In 2018, the remix model acquired three Grammy nominations: File of the 12 months, Music of the 12 months and Finest Pop Duo / Group Efficiency.  It additionally acquired six Billboard Latin Music Awards and 5 Billboard Music Awards.

Hipgnosis’ announcement notes that Ender is the youngest particular person to be inducted into the Latin Songwriters Corridor of Fame and the primary feminine Latin artist to gather a Grammy Award Music of the 12 months nomination. Ender has greater than 100 awards along with her Grammy.

Ender can write and carry out in three languages: English, Spanish and Portuguese, and has additionally launched seven solo albums as a singer-songwriter.

On Spotify, she has practically 256,000 month-to-month listeners. She has topped the charts along with her songs Ábreme La Puerta, Luna Nueva, Cheque Al Portador, Quien Sale No Entra, Masoquista and El Lugar Que Me Vió Nacer. Ender has additionally ecorded duets with artists together with Gente de Zona, Claudia Leitte, Jerry Rivera, Emmanuel), Diana Reyes, Debi Nova and Christian Pagán.

“Erika Ender has outlined Latin music for the final 30 years. Her greater than 40 #1 singles have made her one of the crucial profitable and influential songwriters of all time,” mentioned Merck Mercuriadis, Chief Government and Founding father of Hipgnosis Music Administration.

“During the last 5 years Despacito has dominated the airwaves and helped to drive the brand new LATAM domination going to No.1 in 47 international locations, however Erika is a lot greater than that one music with a wealthy catalogue of many unimaginable songs. I’m delighted to welcome her to the Hipgnosis Household.”

“I’m assured my songs are in good palms with Merck and his group, and they’ll do their greatest to maintain my catalog energetic, current and alive, as they honor and acknowledge that the songs are the seeds to the whole music business.”

Erika Ender

Commenting on the deal, Ender, added: “I’m very enthusiastic about this partnership with Hipgnosis. I’ve at all times believed that music is everlasting. I’m assured my songs are in good palms with Merck and his group, and they’ll do their greatest to maintain my catalog energetic, current and alive, as they honor and acknowledge that the songs are the seeds to the whole music business, the message that touches and marks folks’s lives and the place all of it begins.”

Exterior the music business, Ender is the founding father of Puertas Abiertas Basis, which assists folks residing in excessive poverty by offering instruments, data and help wanted to assist them produce their very own meals.

Erika Ender was represented by Oswaldo Rossi and Pamela Klein at Rossi, P.C. and Sergio Lopes at LCTM Brandbuilders within the deal.

The acquisition marks Hipgnosis Music Administration and Hipgnosis Songs Capital’s newest catalog-buying deal.

Along with a “nine-figure” acquisition of Justin Bieber’s career-spanning catalog in January, and the acquisition of a music catalog from British songwriting and report manufacturing trio TMS final month, Hipgnosis spent round $300 million on earlier purchases together with catalogs/revenue streams related to artists corresponding to Justin Timberlake, Nelly Furtado, Leonard Cohen, and Kenny Chesney.

 Music Enterprise Worldwide