Blackstone Inc.
plans to invest $1 billion in acquiring music rights, as the asset manager bets on a nascent but exploding category that is benefiting fromThe investment—which Blackstone executive Qasim Abbas called the “starting point”—comes as part of a partnership with an advisory firm affiliated with Hipgnosis Songs Fund Ltd. , a music-investment company that trades on the London Stock Exchange.
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Blackstone Officially Announces $1B Investment in Music Assets With HipgnosisBlackstone has entered a partnership with Merck Mercuriadis' Hipgnosis Song Management to invest in music assets. HipgnosisSongs ⚡⚡⚡⚡⚡⚡👏⚡⚡⚡⚡⚡⚡
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