|Bid||120.00 x 0|
|Ask||0.00 x 0|
|Day's range||121.60 - 124.00|
|52-week range||114.00 - 129.90|
|Beta (5Y monthly)||0.21|
|PE ratio (TTM)||27.91|
|Earnings date||28 Jun 2021 - 02 Jul 2021|
|Forward dividend & yield||0.05 (4.23%)|
|Ex-dividend date||29 Jul 2021|
|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.
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.
(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