Hipgnosis Songs Fund, a British music rights company founded by music producer Merc Mercuriadis in 2018, has been acquired by American investment fund Blackstone for £1.26 billion ($1.57 billion). The deal highlights the increasing interest from investors in the music industry and demonstrates the value of music rights.
Hipgnosis Songs Fund owns the rights to songs by well-known artists like Leonard Cohen, Shakira, and the Red Hot Chili Peppers. The company’s business model revolves around acquiring rights to songs and generating revenue from streaming and airplay.
Blackstone’s purchase of Hipgnosis Songs Fund represents a significant investment in the music industry and opens up new opportunities for growth and expansion in the sector. The acquisition has garnered attention in the media and among industry professionals, reflecting its significance within the music and investment communities.
The deal has the potential to reshape the landscape of music publishing and distribution, positioning Hipgnosis Songs Fund as a key player in the industry. Overall, Blackstone’s strategic move aligns with its objectives and presents new avenues for growth and diversification in the music industry.
Following news of the transaction, shares of Hipgnosis Songs Fund increased by 2% at auction on April 29.
Blackstone’s acquisition of Hipgnosis Songs Fund marks a significant investment in