Blackstone has entered a partnership with Merck Mercuriadis' Hipgnosis Song Management to invest in music assets.
Merck Mercuriadis attends the 2020 Billboard Power List Event at NeueHouse Hollywood on Jan. 23, 2020 in Los Angeles.
Under the deal, Blackstone will take an ownership stake in Hipgnosis Song Management and support its expansion.Merck MercuriadisThrough the new partnership, funds managed by Blackstone will contribute $1 billion to acquire music rights and manage catalogs in tandem with Hipgnosis Song Management , formerly known as The Family -- the investment advisor to the publicly-traded Hipgnosis Songs Fund, which Mercuriadis founded and for which he also offers up music assets for the fund to buy.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Blackstone to Take Stake in Hipgnosis, Commits $1B to Music Investment Partnership'This partnership underscores the long-term, sustainable value we see in creative content across the wider entertainment industry, building on Merck’s vision and dynamism,' says the investment firm.
Read more »
Nike Air Yeezy Prototype Buyer Rares Secures $4 Million in FundingRares is an alternative asset marketplace for sneakers that will put the funding toward product and inventory expansion and team growth.
Read more »
Blackstone music deal hits right digital noteBlackstone is adding music to its digital-content playlist. The private equity firm is investing $1 billion with Hipgnosis Song Management to acquire music rights and manage catalogs from stars like Shakira. Streaming music is growing and there are opportunities for tunes to be used elsewhere. Steve Schwarzman's firm looks to be hitting the right note.
Read more »
Bing Crosby Heirs Sell Stake in Estate to Boost His WorkBing Crosby's family announce deal to sell stake in the rights to his estate to Primary Wave Music.
Read more »
Universal Music and Senegalese Legend Youssou NDour Strike Multi-Year PactUniversal Music Africa has struck a multi-year, exclusive partnership with legendary Senegalese artist Youssou N'Dour and his music company, TBI Publishing S.A.
Read more »
Dear Care and Feeding: My Daughter and Her Fiancé Are Rejecting My Post-Op HelpShe’s my only child, and my heart breaks at the thought of not supporting her after her surgery.
Read more »