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Creative Industries

Day 1 at Midem — The cloud, Vivendi, a global database and Barnier

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A review of things that happened, were seen or heard today in Cannes at Midem, the music industry's annual trade show and conference.

MidemNet:The digital music conference offered its usual mixed bag of good and interesting (and sometimes off-base or boring) stuff about the state of today's digital music business. There were a few inspirational speeches (Terry McBride, Saul Klein, Mark Mulligan, Tim Schaaff), a little bit of politics (European Commissioner for Internal Market Michel Barnier) an...

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Emmanuel is a Washington, DC-based freelance journalist, blogger and media consultant, specialising in the entertainment business and cultural trends. He was the US editor for British music industry trade publication Music Week. Previously, he was the editor of Impact, a magazine for the music publishing community (2007-2009), the global editor of US trade publication Billboard (2003-2006), and the editor in chief of Billboard’s sister publication Music & Media (1997-2003).

Creative Industries

Blackstone is ready to spend $1.5 billion to acquire Hipgnosis Songs Fund

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Private equity firm Blackstone Inc. has made a counterproposal to the $1.4 billion offer made by Concord to purchase London-listed Hipgnosis Songs Fund (HSF). Blackstone is offering to pay $1.5bn for the catalogues owned by HSF, offering $1.24 per share in cash, up 7% on Concord's $1.16.

Blackstone is a partner in Hipgnosis Song Management (HSM), the Investment Advisor of HSF and also bankrolls Hipgnosis Song Capital (HSC), a vehicle for investments in music assets. HSF, HSM and HSC were all...

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Creative Industries

Ian Barter signs global music publishing agreement with Notting Hill Music

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British independent music publisher Notting Hill Music has signed producer and writer Ian Barter to a long-term worldwide music publishing deal.

Barter produced and co-wrote the upcoming Gabrielle album including the recent single 'A Place In Your Heart' as well as her brand new single 'Sorry'. Barter has worked in the past with Amy Winehouse, Paloma Faith & Dermot Kennedy amongst many others.

Notting Hill's Head of Creative Services, John Saunderson, said, “As soon as we heard Ian ...

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Creative Industries

Concord wins bid to acquire Hipgnosis Songs Fund for $1.4 billion in cash

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The Board of Directors of Hipgnosis Songs Fund (HSF), the London-listed portfolio of music assets, has agreed to sell to Concord in an all-cash transaction worth $1.402 billion, equivalent to £0.932 per share.

The deal is made by Concord Chorus Ltd, an entity indirectly controlled by Alchemy Copyrights, LLC, and trading as Concord. The deal will be financed by private equity group Apollo through debt and a minority stake in Concord Chorus. The transaction represents a premium of approximatel...

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