Hipgnosis Songs Fund Limited (SONG.L)
| Previous close | 122.00 |
| Open | 122.80 |
| Bid | 123.00 x 0 |
| Ask | 123.20 x 0 |
| Day's range | 122.00 - 123.60 |
| 52-week range | 1.22 - 129.90 |
| Volume | 1,248,218 |
| Avg. volume | 1,595,727 |
| Market cap | 1.327B |
| Beta (5Y monthly) | N/A |
| PE ratio (TTM) | 28.09 |
| EPS (TTM) | N/A |
| Earnings date | 28 Jun 2021 - 02 Jul 2021 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | N/A |
- Yahoo Finance UK
UK ministers call for music streaming reform as artists 'lose out'
Ministers are urging for a 'complete reset' of the market to stop poor returns, or artists being frozen out of payments altogether.
- Reuters
Hipgnosis forecasts higher streaming earnings after strong year
The company, which earns royalties every time a song it owns is streamed, said annual pretax profit rose 7% to $44.5 million and net asset value jumped 11.3% to $1.68 per share. "Going forward this accelerated streaming will be enhanced as revenues from TikTok, Peloton, Triller, Roblox, and other rapidly emerging digital platforms start to be paid through," Chief Executive Officer Merck Mercuriadis said. Hipgnosis raised its annual dividend target by 5% to 5.25 pence per a share and said its portfolio of 138 catalogues worth about $2 billion saw a 10.4% jump in like-for-like valuation during the year ended March.
- The Guardian
Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’
Hipgnosis aims to raise £150m to buy more of ‘most influential songs of all time’London-listed music investor will issue 124m new shares, at a price of 121p a share Hipgnosis offers investors the chance to make money from the royalties of popular songs by artists such as Beyoncé. Photograph: Kevin Mazur/Getty Images for Coachella
