Karen Bliss Merck Mercuriadis, founder and CEO of Hipgnosis Songs, was the man of the hour — make that the day — Thursday at Canadian Music Week in Toronto, returning to his native country for three separate sessions.
While one saw him presenting the Nile Rodgers Global Creators Award (named, of course, after the legendary Chic cofounder and his partner in Hipgnosis) to singer, songwriter and record producer James Fauntleroy and, virtually, to hip hop record producer Dion “No ID” Wilson and another was giving Public Enemy founder Chuck D the organization’s first annual Social Justice Honors Award, most notable was his featured keynote, at which he reinforced his company’s stated mission to change the dynamic of the music industry so that songwriters are on top.
After reiterating that he has raised more than $3 billion for Hipgnosis and given his investors a “48% total return on their investment to date,” he laid out the company’s origin, vision and goals in a 45-minute keynote conversation with his friend of 30 years, Live Nation Canada’s head of industry relations Joey Scoleri.
His quotes, excerpted below, speak for themselves:“Songs are the currency of the music industry — there is no music industry without them,” he said. “But the songwriter is the low man or woman in the economic equation.
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