|Bid||N/A x N/A|
|Ask||N/A x N/A|
|Day's range||1.7500 - 1.7900|
|52-week range||1.1900 - 2.0000|
|Beta (5Y monthly)||0.22|
|PE ratio (TTM)||38.06|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
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.
(Bloomberg) -- Blackstone Inc. is about to give music manager Merck Mercuriadis around $1 billion in firepower to buy music catalogs.Most Read from BloombergBefore Interstates, America Got Around on InterurbansHow Singapore's $50 Billion Financial District Will Change After Covid-19Amazon Delivery Partners Rage Against the Machines: ‘We Were Treated Like Robots’Left-Wing Rage Threatens a Wall Street Haven in Latin AmericaClimate Scientists Created a SWAT Team for Weather DisastersThe alternative
The catalogue from Yes guitarist Trevor Rabin includes 3,528 scores and songs. Round Hill Music Royalty Fund has acquired it.