What do Shakira, Michael Bublé, Metallica and Neil Young have in common? Some or all of their hits have recently become part of the growing portfolio of the Notting Hill, London-based Hipgnosis Songs Fund.
The company was founded in 2018 by Merck Mercuriadis, a well-connected former music manager for the likes of Elton John, Beyoncé and Guns N’ Roses.
Artists selling catalogs have been a theme of the pandemic, and Hipgnosis started 2021 with a flurry of acquisition news, including deals with Bublé, Fleetwood Mac’s Lindsey Buckingham and magnate Jimmy Iovine.
Financial terms of individual deals are typically not revealed, but in all, Hipgnosis has spent a whopping $1.75 billion on 129 catalogs, accumulating 60,836 songs, as of the end of.
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