Published 10 months ago • loading... • Updated 10 months ago

Hipgnosis agrees $1.4bn sale to Concord Chorus

Hipgnosis Songs Fund's $1.4 billion sale to Concord is set to conclude, potentially closing the chapter on UK-listed music funds.
The deal, supported by Concord's Apollo Capital Management, offers a 32.2% premium per share, bringing more songs under Concord's ownership, from Pink Floyd to Justin Bieber.
Alchemy Copyrights, operating as Concord, finalized the acquisition of Hipgnosis at 93.2p per share, gaining rights to a diverse range of musical artists.

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Variety

Hipgnosis Songs Fund Agrees to $1.4 Billion Takeover by Concord

The troubled Hipgnosis Songs Fund, whose former CEO Merck Mercuriadis drove up the value of music catalogs with more than $3 billion in acquisitions before overspending and problematic management caused the company to lose more than half of its value, has agreed to a $1.4 billion sales to Nashville-based Concord, the companies announced in the […]

10 months ago·Los Angeles, United States

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CNBC

Music investment firm Hipgnosis agrees $1.4 billion sale to Concord

Financing for the deal will be supported by Concord's partner Apollo Capital Management, the U.S. private equity giant.

10 months ago·United States

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The Guardian

UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus

Shares in Beyoncé and Neil Young song fund rise amid hopes uncertainty over its future could be overBusiness live – latest updatesThe embattled British music royalties investment fund Hipgnosis, which owns the rights to songs by artists from Beyoncé to Neil Young, has agreed to a $1.4bn (£1.1bn) takeover by a music and theatrical rights rival after months of turmoil over the company’s structure and leadership.The Concord Chorus deal, which offer…

10 months ago·London, United Kingdom

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