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Shot Tower Capital values Hipgnosis Song Fund’s catalogues at $1.95bn, 26% lower than the figure reported at the end of 2023

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Shot Tower Capital, the company appointed by Hipgnosis Songs Fund (HSF) to assess the value of the music catalogues owned by the London-listed company, has concluded that the HSF's portfolio was worth $1.95 billion, a figure 26% lower than the value reported by HSF in its half-year financial report published in December 2023. The 26-page report was commissioned by the HSF Board after it called for a reset of the company at the end of 2023. The due diligence review was conducted by Shot Tower in...

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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

Symphonic appoints Michelle Garramone as Head of Strategic Partnerships

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Tampa, FL-based independent distribution and services company Symphonic has hired Michelle Garramone as Head of Strategic Partnerships. In her new role, she will lead the company’s expansion into catalogue acquisitions and drive strategic partnerships.

Symphonic's Michelle Garramone

Garramone will report to Symphonic CEO Jorge Brea and will be based in Miami, FL. She served previously as President of Blue Rose Music, an investor-backed Northern California-based American heritage record label, ...

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Creative Industries

Believe promotes TuneCore’s Akhila Shankar to lead Artist Services business across India and South Asia

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Independent music company Believe has increase the remit of Akhila Shankar, who currently heads TuneCore India and South Asia, to also oversee its Artist Services business across India and South Asia. Shankar will take on the new role immediately and will continue to be based in Mumbai. In her new role she will focus "on artist development, deepening artist partnerships, expanding local capabilities, and building pathways for artists to grow both regionally and globally."

Believe's Akhila Sha...

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Massive Attack sign global recording agreement with UMG’s Play It Again Sam

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Play It Again Sam, the Universal Music Group-owned music company, has signed British band Massive Attack to a global recording agreement. Play It Again Sam said the deal marks "a landmark partnership with one of the most influential and enduring acts in contemporary music." The band released five studio albums between 1991 ('Blue Lines') and 2010 ('Heligoland') through Virgin Records.

Massive Attack (Credit: Warren Du Preez)

“We’re honoured to welcome Massive Attack to Play It Again Sam," said...

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