Concord Chorus, a US music and theatrical rights firm, has agreed to acquire British music investor Hipgnosis Songs Fund for approximately $1.4 billion. The deal involves the purchase of a significant song catalog that includes works by prominent artists such as Justin Bieber, Neil Young, and Shakira. This acquisition marks a notable consolidation in the music rights industry, which has seen increased activity in catalog transactions. The agreement comes at a time when Hipgnosis has experienced a significant decline in share price, reflecting broader market trends.
Hipgnosis, which helped kick-start the music industry’s rush for catalog deals — acquiring songs by Justin Bieber, Neil Young, Shakira and others — but has seen its share price plummet, has reached a tentative deal to sell to Concord for $1.4 billion. https://t.co/ludV6wvgNN
Hipgnosis Songs Fund Agrees to $1.4 Billion Takeover by Concord https://t.co/u5ekVARK0M
The sale of music rights investment trust Hipgnosis may be a sign that the glut of “exotic” alternative trusts launched during the 0% interest-rate era is entering a much-needed “clear-out” phase https://t.co/76yTKvO9Iv
Independent music company Concord agrees to buy Britain’s Hipgnosis for US$1.4-billion https://t.co/4u76LFCxYn
Hipgnosis Songs Fund has agreed to a $1.4 billion takeover from rival Concord Chorus. https://t.co/XW3U2t1f6U
Hipgnosis Songs Fund Agrees $1.4bn Sale to Concord Chorus https://t.co/Shk8LBWYz2
Music investment firm Hipgnosis agrees $1.4 billion sale to Concord https://t.co/Tp9qlzgeIy
Hipgnosis Songs Fund agrees $1.4 billion takeover, EasyJet shares bounce and and Deliveroo's orders return to growth -- get briefed ahead of your morning calls with The London Rush https://t.co/kDZITX9uWG
Hipgnosis Songs Fund Agrees to $1.40 Bln Concord Takeover https://t.co/edw8Ccri3M
UK music investor Hipgnosis agrees £1.1bn takeover by Concord Chorus https://t.co/MyypnE1C9E
Hipgnosis Songs Fund agrees $1.4 billion sale to US firm https://t.co/1NghSrRrJW
Concord Chorus to buy music investor Hipgnosis Songs Fund for $1.4 bln https://t.co/DZEwcMDleX https://t.co/azHEteMRTk
Concord, a music rights investor, agrees to buy Hipgnosis Songs Fund in a deal that values the song catalog company at about $1.4 billion https://t.co/6lSdvP73UZ
⚠️ CONCORD CHORUS TO BUY MUSIC INVESTOR HIPGNOSIS SONGS FUND FOR $1.4 BILLION Full Story → https://t.co/WdXz5Zfu8I Concord Chorus, a music and theatrical rights firm, has agreed to acquire British music investor Hipgnosis Songs Fund for $1.40 billion, the companies said on…
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