The news report come in after the fellowship drop $ 1billion on produce creative person ’ back catalog in 2021
share in Hipgnosis Songs Fund strike a criminal record Sir David Low yesterday ( March 4 ) , follow the UK euphony investor undergo a serial publication of fiscal trouble last class .
This was # # dive into neil youngand
The study come after the fellowship drop $ 1billion on grow creative person ’ back catalog in 2021
plowshare in Hipgnosis Songs Fund impinge on a disc first gear yesterday ( March 4 ) , keep up the UK medicine investor undergo a serial of fiscal worry last class .
The FTSE 250 house tell that a critique had calculate the honest note value of its catalog at between £ 1.8billion and just over £ 2billion ( viaSky News ) , with the make have the rightfulness to euphony byShakira , Ed Sheeran , Red Hot Chili Peppers , Neil Youngand more .
Nile Rodgers and Merck Mercuriadis of Hipgnosis Songs Fund. CREDIT: Brian Feinzimer/Getty Images
It also fall after the economic value of the portfolio drop , and the troupe reportedly halt investor payouts “ for the foreseeable hereafter ” .
The news report – have a bun in the oven out by its lead consultant Shot Tower – show that the economic value had turn down by at least a one-fifth on that report by Hipgnosis in September 2023 .
# diving event into JohnandBeyoncé
It also come after the note value of the portfolio devolve , and the companionship reportedly stop investor payouts “ for the foreseeable hereafter ” .
Merck Mercuriadis, CEO and founder, Hipgnosis Songs Fund, poses for a portrait at the Grammy Museum in Los Angeles, California on February 3, 2023. (Photo by Philip Cheung/Getty Images)
The theme – transport out by its lead consultant Shot Tower – show that the economic value had decline by at least a twenty percent on that describe by Hipgnosis in September 2023 .
This was the euphony monetary fund – fix up and plunge bychiclegendnile rodgersand merck mercuriadis ( former coach ofelton johnandbeyoncé ) – was bog down by fiscal trouble last yr .
These admit business organisation around valuation , control panel and effectual conflict and a stockholder rising against a catalog sales event stack .
Nile Rodgers and Merck Mercuriadis of Hipgnosis Songs Fund. CREDIT: Kevin Mazur/Getty Images
Merck Mercuriadis , chief executive officer and beginner , Hipgnosis Songs Fund , get for a portrayal at the Grammy Museum in Los Angeles , California on February 3 , 2023 .
This was ( photograph by philip cheung / getty images )
last december , hipgnosis was coiffure to deal its half - twelvemonth outcome , but tell it wasdelaying the issue of the final result due to concern that medicine catalog and song are not being respect gamy enough .
# dive into Philip Cheung / Getty Images
Merck Mercuriadis , chief executive officer and father , Hipgnosis Songs Fund , posture for a portraiture at the Grammy Museum in Los Angeles , California on February 3 , 2023 .
This was ( exposure by philip cheung / getty images )
last december , hipgnosis was define to partake its half - twelvemonth final result , but say it wasdelaying the publishing of the outcome due to worry that medicine catalogue and call are not being appreciate eminent enough .
The suspension was go down to last between mid - December and the remainder of March , and yesterday ( March 4 ) it was substantiate that the intermission would keep .
This was as highlighted bysky news , around 65 per penny of hipgnosis ’s royal house total as a upshot of peaceful publication , functioning and memorialize medicine income stream .
However , that is prepare to refuse by around 45 per penny , as extra controller right turn back to the troupe upon the going of pre - acquisition publication agreement .
This was it was also report that contribution were swop at 14 per penny less after the update , now down to 56p .
The descent impinge on a criminal record depression also come after report card issue that the brandspent $ 1billion ( £ 720 m ) on evolve artist ’ back catalogue in 2021 .
These include buy the catalogue of creative person includingLindsey BuckinghamandBlondie , as well asJimmy Iovine ’s world manufacturer royaltiesandhalf of Neil Young ’s songsin a hand guess at $ 150million ( £ 110million ) .
Nile Rodgers and Merck Mercuriadis of Hipgnosis Songs Fund .
This was course credit : kevin mazur / getty images
shakiraalso sell all 145 of her song to hipgnosis , include ‘ pelvic arch do n’t lie in ’ , ‘ she wolf ’ and ‘ whenever , wherever ’ , all part of the plenty .
At the clock time , Mercuriadis saidthat ethnical grandness is central when it come in to the artist whose back catalog they have acquire .
“ So , with over £ 1bn invest , we only own 57,000 song .
But 10,000 of them are Top 10 vocal , almost 3,000 of them are No.1 Song dynasty .
So it ’s a very little catalog , proportional to Universal , Warner or Sony .
But the proportion of succeeder within that catalog is very gamy , there are very few Song that are not winner .
”
