Hipgnosis

Another bum note from Hipgnosis Songs Fund. The investment trust managed to put the decimal point in the wrong place in its much-anticipated announcement of what a new valuer thinks its catalogue of songs from acts such as Blondie, Red Hot Chili Peppers and Shakira might really be worth. It meant 92p a share, but said 0.92 pence a share. A correction followed.The correction that long-term shareholders must dearly wish for is that Hipgnosis had never come to the stock market in the first place in 2018. Against a starting…

Hipgnosis shares fell to fresh lows after it said it wouldn’t restart paying dividends for now after an independent report estimated the value of the company’s assets was more than a quarter lower than previous calculations. Hipgnosis shares fell to fresh lows after it said it wouldn’t restart paying dividends for now after an independent report estimated the value of the company’s assets was more than a quarter lower than previous calculations. FOLLOW US ON GOOGLE NEWS Read original article here Denial of…

Hipgnosis Songs Fund, which owns the streaming rights to artists ranging from Beyoncé to Neil Young, has sold a chunk of its song rights at a steep discount to raise cash.The fund said on Monday that it had sold 20,000 unspecified “non-core” songs for $23.1m (£18.4m), in a statement to the London Stock Exchange, where it is listed.The price was a 14% discount to their valuation at 30 September, in a sign of the company’s need for cash as it tries to meet its debt obligations.Hipgnosis was founded in 2018 by Merck…

Photographer and film-maker Anton Corbijn is the very best person to direct this very enjoyable documentary about design outfit Hipgnosis and its dynamic co-founders Aubrey “Po” Powell and Storm Thorgerson, the creative powerhouse who virtually invented the concept of the album cover as a vital artform; they worked for Pink Floyd, Led Zeppelin, Paul McCartney and Wings, 10cc and others, when the vinyl rock industry was in its 70s pomp. They devised extraordinary images which were enigmatic, monolithic, audacious, funny,…

Only at the end of our interview does it dawn on both of us that Anton Corbijn has been sitting in front of his huge vinyl record collection at his home in Amsterdam the whole time. It is fitting: not just because Corbijn, now 68, initially made his name by photographing Joy Division and went on to shoot and make music videos for the likes of Depeche Mode, U2, the Killers and REM, but also because he has just directed a documentary, Squaring the Circle (The Story of Hipgnosis), about the celebrated record sleeves of…

Justin Bieber has sold his music rights to Hipgnosis Songs for over $200 million, the company announced.News of the deal comes after the Wall Street Journal reported in December that Bieber was in talks to sell off his catalog to Hipgnosis Songs Capital. The deal is also comprised of his back catalog, and his publishing and master recording shares, which equate to over 290 titles released before December 31, 2021. Sources additionally told Variety that Bieber’s songs moving forward will still be released under Universal…

A fund backed by private-equity firm Blackstone Inc. BX 2.92% has purchased the rights to Justin Timberlake’s song catalog in the venture’s largest music-rights acquisition so far, fund executives said.Terms of the deal, which was done in partnership with music-investment company Hipgnosis SONG 0.54% Song Management Ltd., weren’t disclosed. People familiar with the matter said it is valued…