Hipgnosis Touts 24.7% Gross Revenue Gain in Annual Report
Geoff Mayfield Although Hipgnosis Songs Fund was unusually quiet in the last six months of its fiscal year, the company that helped propel the value of music catalogs in recent years saw its value grow by nearly 5.5%, and picked up a 24% gain in gross revenue, according to its just-issued annual report.The outside evaluator cited in the report, Barry Massarsky, partner at New York-based Massarsky Consulting, stakes London-based Hipgnosis’ value at $2.69 million in U.S. dollars, a gain of $140 million for the fiscal year that closed March 31.