Blackstone to Take Stake in Hipgnosis, Commits $1B to Music Investment Partnership

Blackstone to Take Stake in Hipgnosis, Commits $1B to Music Investment Partnership
London-based song rights powerhouse Hipgnosis Song Management and investment giant Blackstone unveiled a music investment partnership on Tuesday, with Blackstone committing $1 billion in funds and taking a stake of undisclosed size in Hipgnosis.

Founded in 2018 by Merck Mercuriadis, a former music manager for the likes of Elton John, Beyoncé and Guns N’ Roses, the firm has been buying music catalogs through publicly traded, London-listed Hipgnosis Songs Fund, which has gross assets of around $2.2 billion. It has struck deals for catalogs owning songs that are performed by the likes of Rihanna, Michael Bublé, Shakira, Fleetwood Mac’s Lindsey Buckingham ...
See full article at The Hollywood Reporter »

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