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The Latest Breaking News from Hipgnosis Songs Fund

Music Catalog Fund Hipgnosis Sold To Blackstone

Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.

International Business Times

Founder of Hipgnosis Songs Fund accuses ex-partner over failed business

The now dissolved Hipgnosis Music received funds that were proceeds of fraud, Merck Mercuriadis alleges in court documents

The Guardian - UK

Blackstone Wins Bidding War For UK Music Rights Firm

US private equity firm Blackstone emerged victorious Thursday in a takeover battle for struggling UK music rights owner Hipgnosis Songs Fund, after American group Concord refrained from improving its bid.

International Business Times

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Hipgnosis in takeover tussle as UK music investor says it would accept rival bid

Possible counteroffer by Blackstone could derail agreement with US fund Concord Music

The Guardian - UK

One-time ‘future of music publishing’ Hipgnosis Songs Fund sold to US firm

It also appears to be the end of the road for music mogul Merck Mercuriadis’ role in managing the famous songs fund

Evening Standard

Beyoncé and Blondie song fund Hipgnosis needs to find a new tune

Investment fund’s shares fell as it cut the value of its music portfolio – either sell-off or break-up looms

The Guardian - UK

Hipgnosis Songs Fund takeover 'more likely' after portfolio value plunge

The stock fell 15% to hit a fresh all-time low

Evening Standard

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Hipgnosis Songs Fund seeks indemnity from founder Mercuriadis in 'stolen idea' lawsuit

A spokesperson for Hipgnosis Songs Management and Merck Mercuriadis said both parties denied the claims and intended to defend them vigorously

Evening Standard

Make £20 million with this one small trick

Fancy making a quick £20 million? All you have to do is put in a bid for Hipgnosis Songs Fund’s portfolio of hits.

Evening Standard

Investors are hearing the wrong tune from Hipgnosis Songs Fund

Fund deriving income from song royalties sounded great in theory but in reality it is a musical mess

The Guardian - UK

Beyoncé and Blondie song fund Hipgnosis delays results amid valuation concerns

Company says songs have been assessed as worth more by independent valuer than recent transactions in the sector

The Guardian - UK

Future of Hipgnosis founder Mercuriadis in doubt as board launches strategic review amid shareholder unrest

The struggling fund faces a key vote on its future next week

Evening Standard

Dividend shocker shows need for some robust governance at Hipgnosis

Shareholders now almost certain to reject stinker of a deal to sell fifth of music rights catalogue to Blackstone

The Guardian - UK

Beyoncé and Neil Young song fund Hipgnosis slashes amount it expects from royalties

Share price hits record low as London-listed company says it will not pay shareholders a dividend

The Guardian - UK

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Evening Standard

Hipgnosis fund sells $465m worth of songs as City doubts music investment model

Hipgnosis said it sold the tunes by artists like Shakira and Barry Manilow its share price didn’t reflect the value of the songs it owns

Evening Standard

Don’t stop the music (… and my £2 billion fund)

Merck Mercuriadis, the song factory investment boss, on why he believes the good times are rolling again at last

Financial Times

How Wall Street stormed the music business

Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled

People

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