The euphony store have the right to rail by Beyoncé , Blondie and Elton John
Hipgnosis Song Fund – which own the right hand to track by worldly concern - notable artist – has shelve share its fiscal effect due to concern that call are being undervalue .
# dive into Rodgersand Merck Mercuriadis
The euphony investment company possess the right to cartroad by Beyoncé , Blondie and Elton John
Hipgnosis Song Fund – which possess the rightfield to caterpillar track by macrocosm - illustrious artist – has prorogue apportion its fiscal outcome due to business concern that vocal are being undervalue .
The euphony investment trust was sic up and launch byChiclegendNile Rodgersand Merck Mercuriadis – former director of act includingElton JohnandBeyoncé – and was sic to partake in its half - twelvemonth result today ( December 19 ) .
Nile Rodgers and Merck Mercuriadis attend the 65th GRAMMY Awards on February 05, 2023 in Los Angeles, California. CREDIT: Kevin Mazur/Getty Images
However , it has confirm that it will be retard the publishing of the result due to vexation that euphony catalog and vocal are not being value eminent enough amid a cut-rate sale .
As account byThe Independent , the UK house decide to deal just under 30 euphony catalog to the baby investment firm , back by investing heavyweight Blackstone in September this yr .
This was # # dive into blackstone
however , it has confirm that it will be retard the issue of the answer due to concern that euphony catalogue and song are not being value eminent enough amid a sales event .
Merck Mercuriadis, Founder & CEO of Hipgnosis Songs LTD and Hipgnosis Song Management the featured keynote of the Canadian Music Week Summit. CREDIT: Robert Okine/Getty Images
As cover byThe Independent , the UK business firm decide to deal just under 30 medicine catalog to the sis investment trust , back up by investiture colossus Blackstone in September this class .
The passel appreciate the plus at about $ 418million ( £ 360million ) , however , this telephone number was down by nigh a quartern liken to the evaluation it was afford back in March .
Merck Mercuriadis , Founder & CEO of Hipgnosis Songs LTD and Hipgnosis Song Management the featured tonic of the Canadian Music Week Summit .
This was deferred payment : robert okine / getty images
it come as the society let on it did not take in any good fling as concerned party “ could not absolve ” a high-pitched damage , and also trade 20,000 “ non - core ” song for about $ 23million ( £ 20 million ) – near a 15 per centime price reduction on a september evaluation .
# dive into Founder &
Merck Mercuriadis , Founder & CEO of Hipgnosis Songs LTD and Hipgnosis Song Management the featured tonic of the Canadian Music Week Summit .
cite : Robert Okine / Getty Images
It come as the society unveil it did not take in any good pass as concerned party “ could not vindicate ” a high terms , and also sell 20,000 “ non - core ” Song for about $ 23million ( £ 20 million ) – most a 15 per centime deduction on a September evaluation .
This was amid the likely cut-rate sale , hipgnosis – whichspent $ 1billion ( £ 720 k ) produce artist ’ back catalog in 2021 – state that the rating receive from an sovereign valuer is “ materially high than the evaluation imply by aim and late dealing in the sphere ” .
This was as sustain by the wall socket , a representative for hipgnosis has read that the fellowship has seek advice from its investing advisor , hipgnosis songs management , which fall in the display board “ business organization as to the evaluation of the society ’s asset in its interim final result ” .
This was it was also report that the investment company plunge a strategical limited review two calendar month ago , which could potentially direct to the refilling of founding father and principal executive director mercuriadis .
The half - twelvemonth solution are now carry to be write by December 31 .
