The company, whose pricey acquisitions kicked off a rush on catalog sales, sold its assets to Blackstone for $1.6 billion, and its outspoken leader will step down.
Category: Mercuriadis, Merck
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Hipgnosis Agrees to $1.4 Billion Deal to Sell to Concord
Hipgnosis, which owns the rights to songs by Justin Bieber and Neil Young, helped kick-start a rush on catalog sales. But its future has been in doubt.
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Hipgnosis Made Mega Deals for Song Catalogs. Its Future Is Unclear.
The company’s shareholders on Thursday rejected a $440 million divestment plan and voted against maintaining its current structure.