Hipgnosis Songs Fund Limited (SONG.L)
| Previous close | 122.00 |
| Open | 123.80 |
| Bid | 120.00 x 0 |
| Ask | 0.00 x 0 |
| Day's range | 121.60 - 124.00 |
| 52-week range | 114.00 - 129.90 |
| Volume | 1,370,000 |
| Avg. volume | 1,628,268 |
| Market cap | 1.318B |
| Beta (5Y monthly) | 0.21 |
| PE ratio (TTM) | 27.91 |
| EPS (TTM) | 4.40 |
| 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 |
- 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.
- Bloomberg
Blackstone in Talks to Back Merck Mercuriadis’s New Music Fund
(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
