Shot Tower’s David Dunn Confirms Sony Acquisition of Blackstone-Owned Hipgnosis Songs Group

Shot Tower’s David Dunn Confirms Sony Acquisition of Blackstone-Owned Hipgnosis Songs Group

David Dunn of Shot Tower Capital confirmed Sony Music Publishing’s acquisition of Hipgnosis Songs Group (HSG), a day after Billboard reported the news citing multiple sources. In a LinkedIn post on Monday, Dunn wrote: “Shot Tower is pleased to have represented Recognition Music Group in the sale of Hipgnosis Songs Group to Sony.” Last year, Blackstone acquired Hipgnosis Songs Fund, which used to be traded on the London Stock Exchange, and combin…

Sony Music and LuxuryKSA partner to launch Saudi talent on global

MUMBAI: Sony Music Middle East today announced a new strategic partnership with Saudi-based entertainment company LuxuryKSA to develop and promote homegrown music talent from Saudi Arabia. The move deepens Sony Music’s presence in the region and supports its long-term ambition to grow Khaliji pop artists across the wider Middle East and International markets.The Middle East and North Africa (MENA) region continues its robust growth, recording a …