Blackstone: Shakira’s songs stay, but ‘Hipgnosis’ name goes Business Blackstone has rebranded its $3bn (£2.32bn) music investment business to ‘Recognition’, letting go of its former name ‘Hipgnosis’, as it prepares for new acquisitions and consolidates its assets. This decision follows the company’s takeover of the Hipgnosis Songs Fund in 2023, which held the rights to songs by the likes of Shakira, Fleetwood Mac, and [...]
Merck Mercuriadis to step down as chair of Hipgnosis Song Management Music Merck Mercuriadis is to step down as chair of Blackstone-owned Hipgnosis Song Management (HSM) as the private equity giant vies to acquire the music catalogue it manages.
Hipgnosis Songs Fund pays directors extra £250,000 for work on deal Investment If the sale goes through, all fiver directors are expected to step down from the fund.
Blackstone ups Hipgnosis takeover bid… by one cent June 3, 2024 Blackstone has upped its offer for Hipgnosis Songs Fund in an attempt to sweeten the deal for shareholders in its takeover pursuit.
Blackstone triumphs in Hipgnosis bidding war as Concord refuses to raise offer May 9, 2024 The bidding war first broke out on 18 April, after Concord initially offered $1.4bn for the portfolio of the music rights trust.
Rathbones cashes in on Hipgnosis bidding war as it sells almost entire stake May 7, 2024 A major shareholder has sold almost its entire stake in Hipgnosis Songs Fund after its shares spiked following a bidding war.
The Hipgnosis saga shines a spotlight on critical London failings April 30, 2024 Legendary music producer Jimmy Iovine sold his future royalties, including the production rights to the Eminem vehicle movie 8 Mile
One Media IP: broker upgrades forecast for ‘only UK-listed alternative to Hipgnosis’ April 29, 2024 Broker Cavendish said it believes One Media IP remains the only UK listed avenue for investors to gain exposure to music royalties.
Hipgnosis board recommends new £1.25bn bid from Blackstone April 29, 2024 Blackstone's $1.30 in cash per share bid, higher than the revised offer from Concord Music, values Hipgnosis at about $1.57bn (£1.25bn).
Hipgnosis bidding war shows these corporate jukeboxes are valuable after all April 24, 2024 The bidding war between Blackstone and Concord for Hipgnosis shows that the music asset class has not lost its allure, Jess Jones writes
