Hipgnosis Songs Tops $80 Million in Annual Revenue, Seeks to Raise Another $250 Million
Jem Aswad Senior Music EditorThe fast-growing Hipgnosis Songs Fund’s revenues soared in its first full year of business, climbing to $81 million in the 12 month period ended in March 2020 from around $8.9 million in the preceding period. The firm, which has been on an unprecedented acquisition binge of hit songwriter and producer catalogs — been buying up catalogs by hitmakers ranging from Timbaland and Eurythmics’ Dave Stewart to Jack Antonoff and Jeff Bhasker — began trading on the London Stock Exchange in July of 2018.