News Formal

Music investment firm Hipgnosis agrees $1.4 billion sale to Concord

  • 📰 NBCLA
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 59%

News News

Business Business Latest News,Business Business Headlines

Financing for the deal will be supported by Concord’s partner Apollo Capital Management, the U.S. private equity giant.

Hipgnosis snapped up song rights for high-profile artists including the Red Hot Chili Peppers, Mark Ronson, Shakira, Neil Young and Blondie.

London-listed Hipgnosis Songs Fund, the music intellectual property investment company founded by Merck Mercuriadis and Nile Rodgers in 2018, announced Thursday its board has recommended a sale to music rights investor Concord — valuing the firm at $1.4 billion.Sign up for NBC LA newsletters.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 319. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Hipgnosis Songs Fund Overstated Revenue, Earnings & Its Stakes in Music Catalogs, Says New ReportHipgnosis Songs Fund inflated earnings, song catalog stakes and more, says a report on the fund with stakes in catalogs by Justin Bieber and more.
Source: billboard - 🏆 112. / 63 Read more »