Music rights fund owning Shakira, RedOne music catalogues to be sold for $1.4B

[Teletubby 150,306]

Hipgnosis Songs Fund, the listed UK music rights investment company, once hailed as “the future of music publishing” is set to be absorbed into a decades-old US royalties giant, and the music mogul who founded it is to be kicked out, as the agreed a $1.4 billion sale to Concord Music Group.

Hipgnosis was founded by music executive Merck Mercuriadis in 2018 to turn music rights into a mainstream asset class, using the rising royalties from streaming, radio play and performances to provide income for investors and boost valuations. 

The company stole the headlines as it bought up the rights to hits by artists like Shakira, Justin Bieber and Neil Young. But over the past 18 months, it became more associated with a tumbling share price, valuation errors and constant feuds between its board, shareholders and Merck Mercuriadis, who managed the song rights. 

Hipgnosis' portfolio included over 140 catalogues, including: Red Hot Chili Peppers, Shakira, Andrew Watt, Ian Kirkpatrick, Jack Antonof, Mark Ronson, Neil Young, RedOne, Rock Mafia, The-Dream, Timbaland, Benny Blanco, Tricky Stewart, Skrillex, The Chainsmokers.

[GagaGame 3,745]

LG5 is by there 

[Ultimecia 6,050]

Like I said in that other thread : "The mainstream music landscape is a dumpster fire."

[Schizophonic 7,015]

So, who has enough pocket money to buy us frankensteined? 

[Quentin 6,150]

2 minutes ago, Schizophonic said:

So, who has enough pocket money to buy us frankensteined? 

The whole $1.4B must be only for frankeinsteined.

[Teletubby 150,306]

3 minutes ago, Schizophonic said:

So, who has enough pocket money to buy us frankensteined? 

JoJo Siwa will buy it and release on her album

[Schizophonic 7,015]

1 minute ago, Teletubby said:

JoJo Siwa will buy it and release on her album

To be honest, I wouldn’t be surprised if rina sawayama already did that and Gaga has a ghostwriting credit

[bionic 50,107]

so its all been one big centralisation scam

[Red 98,098]

1 hour ago, GagaGame said:

LG5 is by there 

[Reginald 13,841]

1 hour ago, Ultimecia said:

Like I said in that other thread : "The mainstream music landscape is a dumpster fire."

And you are so right. I sometimes worry about the longterm prospects of the music industry, with all of these classic catalogues being bought up by large firms. It seems like everyone is cashing out since there's no money to be made in streaming. 

What will the industry look like in 10, 20 years? Will the major labels even still be around? Sheesh. 

[Anderson123 38,584]

Is that 1.4 bil taxes included? 

[weed 74,039]

Seems like a bargain for all of those artists, amazing for whoever made the deal. If Katy alone got $225M.. pennies for this. 

[Westerosi 2,125]

On 4/18/2024 at 6:59 PM, weed said:

Seems like a bargain for all of those artists, amazing for whoever made the deal. If Katy alone got $225M.. pennies for this.