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Sony Music Publishing acquires Hipgnosis Songs Group's catalog, serving as the full-service publisher for its roster of songwriters globally.
Last year “marked a pivotal transition for the company with the Hipgnosis entities coming under common ownership and the completion of a landmark $1.47 billion financing – demonstrating strong investor conviction in the asset class,” Qasim Abbas, head of tactical opportunities international for Blackstone, said at the time. In separate deals Bob Dylan and Bruce Springsteen reportedly were paid as much as four to six times that — but Hipgnosis grew overextended as investors questioned the company’s ability to exploit the catalogs it had acquired. + Cooking Vinyl, home to Billy Bragg, Roger Waters, the Jesus and Mary Chain and many more iconic artists from the UK and beyond, is being acquired by the U.S.-based Exceleration Music, the companies have announced.
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