Who owns hipgnosis songs Fund Ltd?
Hipgnosis Songs Fund is a British Guernsey-registered music IP investment and song management company founded by Merck Mercuriadis and Nile Rodgers in 2018.
Who owns the rights to Neil Young’s music?
Warner Bros – Reprise Records
So who owns Neil Young’s songs? Like many artists, Young was unable to independently pull his own music from Spotify because he was not fully in control of his licensing rights. The licensing rights to Young’s music are owned by Warner Bros – Reprise Records, his record company.
How does hipgnosis songs fund work?
By turning the focus from song creation to song management, Mercuriadis and his team at Hipgnosis Songs Fund aim to frame music royalties as an asset class, not unlike gold or silver. They’re already a publicly traded company on the stock market in the U.K., and they’re eyeing Wall Street in the next 18 months.
Who owns Merck Mercuriadis hipgnosis?
the Blackstone Group
In July, the fund was valued at $2.2 billion. In October 2021, the Blackstone Group announced a partnership with Hipgnosis Songs Management backed by $1 billion in funds managed by Blackstone. It also acquired an ownership stake in Hipgnosis.
Is hipgnosis owned by Blackstone?
On Oct. 12, Blackstone finalized a $1 billion deal with Hipgnosis Song Management (HSM) for acquiring music rights and managing catalogs. Blackstone is also taking an undisclosed ownership stake in UK’s largest music investor.
How much of Neil Young’s music does he own?
And remember, because Young sold only 50% of publishing rights to his catalog, he presumably still retains the other 50%. So with every single stream, he continues to accrue royalties.
Why are artists pulling out of Spotify?
As controversy mounts around the streaming giant, more and more artists want out. But for various reasons—licensing, money, PR pressure—it’s tougher than expected. As controversy continues to circle around Spotify, more and more artists want their music removed from the platform.
Why is hipgnosis buying songs?
Founded in 2018, Hipgnosis buys artists’s catalogs with the aim of licensing those songs for film, TV shows, video games, commercials, covers from other artists, and so forth. It’s what music publishing companies have always done, so by no means is Hipgnosis the only player in this space.
Does Jay Z own Spotify?
Jay Z does own a music streaming platform, but Tidal. To be more precise, he was a co-owner of this service, among the owners of which there are about a dozen artists of world renown. Swedish Spotify is owned by Daniel Ek and Martin Laurentson, who founded the company in 2006.
Does Amazon own Spotify?
As we have already mentioned, Spotify is not owned by Amazon, but it is an independent organization under “Spotify Technologies S.A.” and is currently headed by Daniel Ek. Headquartered in Stockholm, Sweden, Spotify is ranked 15 in the Unicorn list by Fortune.