Hipgnosis

Music catalog fund Hipgnosis sold to Blackstone

SHAREHOLDERS of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a US$1.6 billion takeover from US private equity firm ...

The deal will see more than 65,000 songs, including tracks by Blondie and Neil Young, added to Blackstone’s music rights portfolio, which already includes songs by Justin Bieber and Justin Timberlake.

Companies & Markets

Blackstone beats Concord with US$1.6 billion bid for Hipgnosis Songs

Blackstone’s formal offer valued the music rights investor at US$1.30 per share, higher than Concord’s US$1.25 per share offer

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