The announcement of the latest music rights from Blackstone-backed Hipgnosis Music Management and Hipgnosis Songs Capital (not to be confused with the publicly traded Hipgnosis Songs Fund) was recently revealed in The Wall Report. Street Journal.
But as of this writing, executives at Blackstone and Merck Mercuriadis-led Hipgnosis did not appear to speak publicly about the matter, and Justin Bieber does not seem to speak on social media. According to the aforementioned report, however, the contract will cover the recording and recording interests of the “Stay” artist, assuming that it will exceed his entire career of ten-plus years.
Along with paying the 28-year-old singer about $200 million, the deal is said to be the largest investment for Hipgnosis Songs Capital/Hipgnosis Song Management, according to unnamed sources. and according to the knowledge of the matter. Earlier in 2022, Hipgnosis Music Management completed a $100 million deal for Justin Timberlake’s catalog, in addition to getting shares in the works of Kenny Chesney and Leonard Cohen. 카지노사이트
(Royalties from these and other rights were later combined with a $222 bond offering.) The Hipgnosis Songs Fund (LON:SONG), mentioned above, ran out of debt and as a result, stopped carrying the catalog. in 2022. Prior to that, the publicly traded company entered into all types of transactions in 2020-21, and despite the declining share price, the fund did not choose to write down the strategic plan of its intellectual property.
Specifically, Citrin Cooperman identified an “absolute price” of $2.672 billion for the HSF 146 catalog, including 65,413 songs, as of September 30. Hipgnosis itself identified an “operating NAV” of $2.218 billion, compared to a market capitalization of about £1.02 billion when trading closed today.
The operational difficulties associated with HSF, the continued demand for catalogs from third parties, and the general economic situation did not completely stop Hipgnosis from doing business. To be sure, several reports this year have suggested that the company and Blackstone tried to sign a catalog purchase agreement with Pink Floyd.
Still, details that have emerged recently – including that Pink Floyd would be interested in parting ways with their records but not their releases – have raised doubts about whether the band will sell out. And passed the catalog of legacy artists, many of whom benefited from their work in 2020, 2021 and 2022, young people like Swedish House Mafia, John Legend, Bryson Tiller, Murda Beatz, Future and Iggy Azalea sold the rights to those songs. in the year 2022.…