Hipgnosis Songs Fund share price hits all-time high

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The worth of Hipgnosis Songs Fund, the publicly-traded music proper acquisition firm listed in London, hit an all-time high at the moment (November 15).

The firm’s share price climbed 0.31% at the moment – versus buying and selling shut on Friday final week (November 12) – to achieve 128.40 pence on the London Stock Exchange.

That share price represented an increase of 4.39% from the beginning of calendar 2021, and a rise of 9.74% versus this time a 12 months in the past.

Since the purpose that Hipgnosis Songs Fund first floated on the LSE again in July 2018, the corporate’s public worth has elevated by almost 1 / 4 (+22.87%).

Hipgnosis Songs Fund has, like others in the music industry, seen one thing of a ‘Universal bump’ since Universal Music Group floated on the Amsterdam Euronext on September 21.

Since that date to now, Hipgnosis has seen a 4.9% share price rise.

UPDATE: MBW has confirmed with Hipgnosis that its present market cap is GBP £1.6 billion, which at present alternate charges works out to USD $2.1 billion.



However, the largest spike in Hipgnosis’ share price throughout this era was truly pushed by the information that Hipgnosis founder, Merck Mercuriadis, had inked a take care of Blackstone – with the latter agency committing at least $1 billion to a new private fund that will acquire music copyrights.

This transfer signifies that there’ll now be two Hipgnosis-branded funds working within the market: the publicly-traded Hipgnosis Songs Fund, and the Blackstone backed Hipgnosis Songs Capital.

The copyrights acquired by each of those funds will every be managed by the Mercuriadis-led Hipgnosis Song Management, previously The Family Music Ltd.

Blackstone has moreover invested funding into Hipgnosis Song Management to assist Mercuriadis enhance the worldwide bandwidth of that firm, which focuses a lot of its sources on maximizing returns for songs by way of synch licensing and digital advertising.

Hipgnosis Songs Fund has thus far spent around $2 billion on buying music rights.

The public fund now has the choice to co-invest with the non-public Hipgnosis fund on buying additional music rights.

Andrew Sutch, Chairman of Hipgnosis Songs Fund, stated when the Blackstone funding was introduced final month: “This new partnership will provide new co-investment opportunities for [Hipgnosis Songs Fund], and we expect that continued investment in Hipgnosis Song Management will enhance returns for our investors.”

Mercuriadis suggested at the time that Blackstone’s funding into Hipgnosis Song Management would “[enable] us to create greater value to our stakeholders including our songwriters and shareholders in Hipgnosis Songs Fund”.

MBW understands that Hipgnosis Song Management can by no means truly lose its administration contract of the rights acquired by way of the Blackstone fund, even when lengthy into the long run Blackstone sells some or all of those rights to a different get together.

Likewise, sources inform us that HSM has first refusal to amass any rights that the general public fund – Hipgnosis Songs Fund – decides to get rid of within the years forward.Music Business Worldwide

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