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Hipgnosis Songs Fund Limited (HPGSF)

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1.7050-0.0249 (-1.44%)
At close: 12:48PM EST
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  • Reuters

    NFTs next hit may be music industry, former manager for Elton John, Beyonce says

    As a former music manager who once counted Elton John, Beyonce and Guns N’ Roses as clients, Merck Mercuriadis has an eye for talent and a knack for identifying trends. As streaming services such as Spotify and Apple Music gained mainstream popularity, Mercuriadis formed the Hipgnosis Songs Fund to acquire music rights. The fund, which went public in 2018, has invested $2.5 billion acquiring the publishing rights to 64,000 compositions from such hitmakers as Timbaland, Fleetwood Mac’s Lindsey Buckingham, The Pretenders’ Chrissie Hynde, Rick James and Neil Young.

  • Reuters

    Blackstone, Hipgnosis partner to invest in music as online streaming booms

    As part of the partnership, Blackstone will take an ownership stake in Hipgnosis Song Management, an adviser to the London-listed music catalogues investor Hipgnosis Songs Fund (SONG). The pandemic and lack of live concerts has prompted artists, including Bob Dylan, to monetise some of their older work, at a time streaming services have been garnering listeners.

  • Business Wire

    Blackstone and Hipgnosis Song Management launch $1 billion partnership to invest in songs, recorded music, music IP and royalties

    LONDON, October 12, 2021--Blackstone (NYSE: BX) and Hipgnosis Song Management Ltd ("HSM") today announce a new partnership, backed by funds managed by Blackstone, which will initially deliver c.$1 billion to acquire music rights and manage catalogues.