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Creative Industries

Hipgnosis Songs Fund’s market cap reaches £1.25bn

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By Emmanuel Legrand

Hipgnosis Songs Fund, the company launched by Merck Mercuriadis to invest in music assets, had deployed approximately ?1.18 billion (EUR1.30bn) in total since its IPO two and a half years ago to buy 117 catalogues, representing 57,836 songs or shares of songs, according to the company's latest interim report 2020, ending September 30. The biggest investment during the six months to September 30 was Kobalt Fund 1, which brought in 33,000 additional copyrights, and pushed th...

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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

BMG acquires publishing interests in Australian rock band Jet’s catalogue

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BMG has acquired publishing interests in the catalogue of Australian rock band Jet, in a transaction that covers the publishing interests of three of the four original Jet members, including Nic Cester, Cam Muncey and Mark Wilson. Terms of the agreement were not disclosed. BMG said the acquisition builds on the company's long-term publishing relationship with the band and follows the purchase of their recordings catalogue in 2023. Cester, co-founder and frontman of Jet, said: “We’ve loved worki...

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Creative Industries

Björn Bauer to serve as Chief Financial Officer of the combined BMG and Concord

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BMG and Concord have announced that Björn Bauer will serve as Chief Financial Officer of the combined company, effective upon closing of the transaction. Bauer will be based in Nashville and reporting to designated CEO Bob Valentine, current CEO of Concord. Bauer will join from entertainment company RTL Group, which is majority-owned by Bertelsmann. At RTL Group, he currently serves as an Executive Director and member of the Executive Committee, and has been Chief Financial Officer since 2019. I...

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Creative Industries

Blackstone sells Recognition Music Group to Sony Music Publishing

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Sony Music Group, through its music publishing division Sony Music Publishing, has acquired the complete music rights portfolio of Recognition Music Group, formerly known as Hipgnosis, from funds managed by investment firm Blackstone. The deal, subject to customary closing conditions, is in partnership with the investment venture between GIC and Sony Music Group announced earlier this year. The venture is focused on acquiring and growing music catalogue assets across genres and international mar...

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