ICM Crescendo Music Royalty Fund Secures Rights to Major Tracks by Dua Lipa
(July 2024 — Calgary, Alberta) ICM Crescendo Music Royalty Fund is proud to announce its recent acquisition of the catalogue of Chelcee Grimes, a multifaceted British songwriter, footballer, and media personality. Known for her work with superstars like Dua Lipa, and global brands such as F1, and Liverpool FC, Grimes’ work offers a unique and diverse investment opportunity. This acquisition includes Grimes’ publishing, writer share, and neighbouring rights revenue.
“We are thrilled to add Chelcee Grimes’ remarkable catalogue to our portfolio, especially given its connection to global superstar, Dua Lipa. Chelcee’s exceptional talent as a songwriter, and her broad appeal in both music and sports, align perfectly with our strategy of investing in diverse and influential music assets,” said David Vankka, lead Portfolio Manager of ICM Crescendo Music Royalty Fund.
The catalogue is powered by two major tracks by the Grammy award-winning pop sensation, Dua Lipa — “Love Again,” and “Kiss and Make Up.” “Love Again” has achieved remarkable global success, with gold certifications in the UK, Norway, Denmark, and Brazil, as well as platinum and multi-platinum certifications across Europe and Canada. “Kiss and Make Up” has also received substantial global recognition, topping charts in Singapore and Malaysia, and earning platinum certifications in Australia, Poland, and Portugal.
Dua Lipa’s dedicated fan base and extensive accolades underscore the lasting relevance of these tracks. On “Kiss and Make Up,” Dua Lipa collaborated with BlackPink, one of the world’s most successful K-Pop girl groups, to bring a fresh sound to a rapidly growing international K-Pop audience. ICM Crescendo Music Royalty Fund is optimistic about the enduring appeal of Dua Lipa and Chelcee Grime’s work, which are expected to bolster the relevance and revenue potential of the acquired catalogue for many years to come.
About ICM Crescendo Music Royalty Fund
ICM Crescendo Music Royalty Fund provides investors with an attractive, diversified and long-term revenue stream of royalties by investing directly and indirectly in musical and entertainment intellectual property rights in the form of music royalties.
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