Hipgnosis news

Hipgnosis Songs Fund confirms sale of catalogue of "non-core songs"

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Hipgnosis • 1 min read

Hipgnosis Songs Fund confirms sale of catalogue of "non-core songs"

The Hipgnosis Songs Fund has confirmed it has sold around 20,000 “non-core” songs in a $23.1 million deal - it acquired the works as part of its deal with Kobalt back in 2020…

Chris Cooke • 12 Dec 2023

Hipgnosis Songs Fund provides update on strategic review and legal battle with defunct Hipgnosis company

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Hipgnosis • 2 min read

Hipgnosis Songs Fund provides update on strategic review and legal battle with defunct Hipgnosis company

The Hipgnosis Songs Fund last week provided an update for investors on its ongoing strategic review and confirmed it is being sued by a previous and defunct Hipgnosis company that is now in the hands of a liquidator…

Chris Cooke • 27 Nov 2023

Hipgnosis Song Management appoints new finance and legal chiefs

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Hipgnosis • 2 min read

Hipgnosis Song Management appoints new finance and legal chiefs

The Hipgnosis Song Management company has hired a new Legal Counsel and CFO, with both new recruits moving over from BMG to join their former colleague and now HSM COO Ben Katovsky…

Chris Cooke • 10 Nov 2023

Hipgnosis Songs Fund headhunts the former Chair of the Round Hill Music Royalty Fund to head up its board

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Hipgnosis • 2 min read

Hipgnosis Songs Fund headhunts the former Chair of the Round Hill Music Royalty Fund to head up its board

The Hipgnosis Songs Fund has appointed former head of the Round Hill Music Royalty Fund, Robert Naylor, as its new Chair. This comes after investors declined to reappoint Andrew Sutch to that role following the recent continuation vote…

Chris Cooke • 08 Nov 2023

Setlist Podcast: Spotify plots changes to the way it pays out royalties

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Spotify • 2 min read

Setlist Podcast: Spotify plots changes to the way it pays out royalties

Spotify's plans to change the way it allocates revenues to individual tracks and catalogues each month, and the confirmation that digital is now the biggest driver of revenue for the song rights collecting societies…

Andy Malt & Chris Cooke • 27 Oct 2023

Hipgnosis vote shock: 83.2% of shareholders vote against continuation

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Hipgnosis • 2 min read

Hipgnosis vote shock: 83.2% of shareholders vote against continuation

A significant majority of Hipgnosis Songs Fund shareholders have voted against continuation and also to eject the company's chair Andrew Sutch…

Chris Cooke • 26 Oct 2023

Hipgnosis Songs Fund confirms it has received no higher offers for catalogue sale

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Hipgnosis • 1 min read

Hipgnosis Songs Fund confirms it has received no higher offers for catalogue sale

The board of the publicly-listed Hipgnosis Songs Fund have confirmed that they haven’t received any higher offers for the catalogues they are proposing to sell to the Blackstone-backed Hipgnosis Songs Capital…

Chris Cooke • 25 Oct 2023

Hipgnosis Songs Fund announces strategic review to allay investor concerns

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Hipgnosis • 2 min read

Hipgnosis Songs Fund announces strategic review to allay investor concerns

The Hipgnosis Songs Fund has announced a strategic review in a bid to allay investor concerns, though the board says it would not be in the interest of shareholders to terminate its contract with Hipgnosis Song Management, which manages the Fund’s catalogues day-to-day…

Chris Cooke • 20 Oct 2023

Hipgnosis Songs Fund scraps interim dividend after reducing expectations from Copyright Royalty Board windfall

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Hipgnosis • 3 min read

Hipgnosis Songs Fund scraps interim dividend after reducing expectations from Copyright Royalty Board windfall

The Hipgnosis Songs Fund has told investors that extra payments due as a result of the final Copyright Royalty Board ruling on US streaming royalties will be significantly less than previously estimated, $9.9 million instead of $21.7 million…

Chris Cooke • 16 Oct 2023

Key shareholders could block Hipgnosis to Hipgnosis catalogue sale

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Hipgnosis • 3 min read

Key shareholders could block Hipgnosis to Hipgnosis catalogue sale

FT sources say that key shareholders in the publicly listed Hipgnosis Songs Fund could seek to block a sale of several catalogues to the Blackstone-backed Hipgnosis Songs Capital, reckoning that the music rights being transferred in the $440 million deal have been under-valued…

Chris Cooke • 09 Oct 2023

Hipgnosis confirms Kenny MacPherson is on leave of absence following sexual assault allegation

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Hipgnosis • 2 min read

Hipgnosis confirms Kenny MacPherson is on leave of absence following sexual assault allegation

Hipgnosis Songs Group CEO Kenny MacPherson has been placed on a leave of absence following the filing of a new lawsuit by a former colleague from the 2000s who alleges sexual harassment and assault…

Chris Cooke • 06 Oct 2023

Hipgnosis exec Kenny MacPherson sued over allegations of sexual harassment and assault

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Kenny MacPherson • 3 min read

Hipgnosis exec Kenny MacPherson sued over allegations of sexual harassment and assault

CEO of the Hipgnosis Songs Group, Kenny MacPherson, has been accused of sexual harassment and assault in a lawsuit filed by a former colleague from his time at Chrysalis Music…

Chris Cooke • 05 Oct 2023