Blackstone and Hipgnosis launch $1bn partnership

Blackstone will take ownership stake in Hipgnosis

clock • 1 min read
Merck Mercuriadis, CEO of Hipgnosis
Image:

Merck Mercuriadis, CEO of Hipgnosis

Blackstone and Hipgnosis Song Management have launched a new $1bn (£736m) partnership, backed by funds managed by Blackstone, to acquire music rights and manage catalogues.

The partnership will see Blackstone take an ownership stake in Hipgnosis, as well as supporting the company's expansion of both infrastructure and business functions. This will include the "the development...

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