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Creative Industries

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

ORCA report finds indie labels generate ‘tangible value and income for artists’

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A report based on data from nine prominent independent labels found that independent recorded music companies generate "tangible value and income for artists through long-term partnerships and investment." In 2023, the participating labels generated $239 million in revenue, with 33.5% ($79.9m) distributed to artists. That investment supported the careers of 569 artists across genres and geographies.
The report, 'The Economic and Social Impact of Independent Record Labels', commissioned by global...

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Creative Industries

Atlantic Music Group promotes Dave Rocco to the new position of Chief Creative Officer

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Atlantic Music Group has elevated Dave Rocco to the newly created position of Chief Creative Officer at the Warner Music Group company. He joined the label in 2024 as President of Creative. He will continue to report to AMG Chairman and CEO Elliot Grainge.
In his new role, Rocco will "guide the creative strategy for the label group globally." Additionally, he will continue to lead the team that collaborates with the label’s roster of artists on all visual creative elements, including creative s...

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Creative Industries

Reservoir Media inks global publishing agreement with US band Say She She

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NASDAQ-listed independent music company Reservoir Media, has signed a global publishing deal with Brooklyn-based band Say She She, comprised of Nya Gazelle Brown, Sabrina Cunningham, and Piya Malik. The deal includes each member of the band’s catalogue, as well as future works.
Say She She, alongside the members of the funk band Orgone, combine elements of disco, soul, funk, pop, and more. The group’s debut album, 'Prism', which was released in 2022. Since then, the band released their second a...

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