Music Catalog Fund Hipgnosis Sells to Blackstone for $1.6B USD

Private equity firm Blackstone has bought Hipgnosis for $1.6 billion USD. The firm now owns the entirety of the publicly traded music catalog fund, also known as Hipgnosis Songs Fund (HSF).HSF is the owner of music catalogs and intellectual property rights from Justin Bieber, Shakira, Blondie, Neil Young, Justin Timberlake, The Red Hot Chili Peppers and Leonard Cohen.Hipgnosis was founded in 2018 by musician and producer Nile Rodgers and Merck Mercuriadis, who previously managed Beyoncé and Elt...