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The Latest Breaking News from Merck Mercuriadis

Music Catalog Fund Hipgnosis Sold To Blackstone

Shareholders of Hipgnosis Songs Fund, which in recent years made waves by helping popularize music rights as an asset class, have voted to accept a $1.6 billion takeover from US private equity firm Blackstone, filings showed Tuesday.

International Business Times

Private equity group to improve offer for Beyoncé song fund Hipgnosis

Blackstone to increase bid to level that would value London-listed group at nearly $1.6bn

The Guardian - UK

Hipgnosis battle heats up as Mercuriadis' HSM threatens to use call option to scupper Concord deal

The fund agreed a takeover deal last week with US-based royalties investor Concord

Evening Standard

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Hipgnosis in takeover tussle as UK music investor says it would accept rival bid

Possible counteroffer by Blackstone could derail agreement with US fund Concord Music

The Guardian - UK

There should be no rush to replay Hipgnosis’s noisy stock market experiment

The sale of the music fund ends its tumultuous years as a listed company – and that may be for the best, for it and its investors

The Guardian - UK

One-time ‘future of music publishing’ Hipgnosis Songs Fund sold to US firm

It also appears to be the end of the road for music mogul Merck Mercuriadis’ role in managing the famous songs fund

Evening Standard

Hipgnosis Songs Fund seeks indemnity from founder Mercuriadis in 'stolen idea' lawsuit

A spokesperson for Hipgnosis Songs Management and Merck Mercuriadis said both parties denied the claims and intended to defend them vigorously

Evening Standard

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Hipgnosis founder accused of ‘cherry picking' best songs for sale

It comes as the fund continues to fight for its survival

Evening Standard

Make £20 million with this one small trick

Fancy making a quick £20 million? All you have to do is put in a bid for Hipgnosis Songs Fund’s portfolio of hits.

Evening Standard

Hipgnosis Songs Fund chair slams ‘ongoing failures’ as contract error costs up to $4m

It comes as the fund's losses widened to $63.7 million

Evening Standard

Investors are hearing the wrong tune from Hipgnosis Songs Fund

Fund deriving income from song royalties sounded great in theory but in reality it is a musical mess

The Guardian - UK

Beyoncé and Blondie song fund Hipgnosis delays results amid valuation concerns

Company says songs have been assessed as worth more by independent valuer than recent transactions in the sector

The Guardian - UK

David Bowie would have failed in today’s cut-throat music industry, says Nile Rodgers

Chic frontman said no label would give the artist time to produce a global hit record after early career struggles

The Guardian - UK

Beyoncé and Neil Young song fund Hipgnosis sells 20,000 songs for £18m

London-listed music investor sells ‘non-core’ rights at a discount to raise cash as it battles debt pile

The Guardian - UK

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The Guardian - UK

Hipgnosis investors vote against UK-listed song royalties group continuing

Business that bought rights to Neil Young and Béyonce back catalogues must now restructure or face being wound up

Evening Standard

Hipgnosis shareholders vote for resolution to wind up songs fund

The Hipgnosis board will have a final chance to save the fund, once called “the future of music publishing” as it must present its plans for its future within six months

Evening Standard

Hipgnosis board unable to find better offer in $440m song sale

The fund faces a crucial vote on its future this week

The Guardian - UK

Beyoncé’s ex-manager fights ejection from his music royalties fund

Merck Mercuriadis promised to turn songs into gold on launching Hipgnosis. Now, a review could see him ousted

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Evening Standard

Future of Hipgnosis founder Mercuriadis in doubt as board launches strategic review amid shareholder unrest

The struggling fund faces a key vote on its future next week

The Guardian - UK

Beyoncé and Neil Young song fund Hipgnosis slashes amount it expects from royalties

Share price hits record low as London-listed company says it will not pay shareholders a dividend

Evening Standard

Don’t stop the music (… and my £2 billion fund)

Merck Mercuriadis, the song factory investment boss, on why he believes the good times are rolling again at last

Evening Standard

Sadiq Khan parties the night away at the Serpentine amid Tory disarray

We chatted to Hans Ulrich Obrist, Andrew Garfield and Venus Williams at a star-studded bash last night

The Guardian - UK

Justin Bieber sells rights to his music in deal worth $200m

Singer, 28, sells rights to 291 songs he has released, or had interest in, up until end of 2021

Daily Mirror

Justin Bieber sells his entire 15-year music catalogue for $200million

The hitmaker, who is worth an estimated $300million, has released six studio albums over the years, along with countless singles and collaborations. He has sold 150million records worldwide, making him one of the most successful recording artists in history

Financial Times

How Wall Street stormed the music business

Investors poured billions into buying rights, turning pop songs into a new asset class — but then the economy stalled

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