|Bid||114.50 x 0|
|Ask||115.00 x 0|
|Day's range||114.00 - 116.50|
|52-week range||85.00 - 127.86|
|Beta (5Y monthly)||N/A|
|PE ratio (TTM)||25.91|
|Earnings date||04 Dec 2020|
|Forward dividend & yield||N/A (N/A)|
|1y target est||N/A|
The London-listed firm, which invests in songs and musical intellectual property rights, said it sold roughly 62 million shares at 121 pence per share. Hipgnosis said that the year was off to its "strongest start ever" following a slew of agreements with big names including Shakira and Neil Young. The pandemic has prompted many music industry professionals to monetise their older work by selling valuable tracks and albums, as people confined to their homes stream more content to make up for cancelled live events.
Metallica and Michael Bublé producer cashes in on music streaming rights boomHipgnosis buys rights to Bob Rock’s Metallica album and Canadian artist’s songs for undisclosed sum
Music rights company Hipgnosis has bought the back catalogue of producer Bob Rock, landing it some of the biggest hits by Metallica and Michael Bublé.