Sony Sangeet Publication Will take ownership of Hipnosis Song group, Diversity has confirmed. Terms of the deal were not disclosed.
The deal includes songs from Sabrina Carpenter, Black Mills, Mai Morning Jacket, Alex Warren, St. Vincent, Kali Uchis and more, with the publication of Sony Music Publishing Hypgnosis Songs and third-party administration businesses. This news was first reported Board,
The acquisition comes on the heels of Hypagnosis Rebranding to recognize the music group in March, which turned Hypagnosis Songs Fund and Hypagnosis Songs Assets into a new group.
In 2024, Hypagnosis hit two huge deals: Hypagnosis Songs Fund sales Financial Beamoth Blackstone for $ 1.6 billion, after which the founder Merc exited Mercuriadis and Blackstone made the then publicly traded company. The second was Hypagnosis, which was released $ 1.47 billion in a bond supported by Red Hot Chile Papers, Bonn Jovi, 50 cents and more music royalty.
Last year “a decisive infection for the company with Hypagnosis Institutions under General Ownership and the completion of a landmark of $ 1.47 billion – demonstrating a strong investor’s punishment in the assets category,” said Qasim Abbas Abbas, the chief of strategic opportunities for Blackstone.
As Diversity Last year reported, Hypagnosis helped increase the price of music catalog through their purchase, paying top dollars to a large number of top manufacturers and lyricists for their work. The market then followed the suit, enhanced the value of the catalog significantly – Hypgnosis reported $ 100 million for half of the song Catalogs of Neil Young. In different deals, Bob Dylan and Bruce Springstein were reportedly paid four to six times – but grew more hipgnosis as investors questioned the company’s ability to take advantage of the company’s catalog.
Sony Music Publishing is the largest such company in the world, which is according to the most recent available figures, with 6.63 million songs in its catalog on 31 March.
, Harbour ViewIn 2021, the material-focused investment firm has announced a $ 500 million in loan financing through the financial group KKR. Last year, both companies also hit a similar deal for $ 500 million.
Sheris Clarke, founder and CEO of Harberview, said in a statement, “This additional capital of KKR will help us accelerate our strategy, where media, sports and entertainment markets are being led.”
Last year, it was announced that Harborview would be financed by a queen Latifa biopic. Earlier this year, it bought T-Pen’s catalog rights, as well as with some assets of Grammy-enthusiast manufacturer Rodney Jerkins. The company’s catalogs include the music of Brad Pasley, Justin Bieber, Olivia Rodrigo and Cardi B and Pat Benatar’s “Hit Me With Your Best Shot” and Nelli’s “Hot in Harre” hit, as part of the $ 50 million deal.
“In the Industrial Revolution, we are going into motorized cars by horse and small car,” Clarke told DiversityLast year “strict trade” podcast.
, Vinyl for cookingBilly Brag, Roger Waters, The Jesus and Mary Chain and the UK and many more reputed artists are acquired by the US-based Excelraneous Excellence Music, companies have announced.
Excelrane has made deals with several companies in 2023 with several companies including the acquisition of redeye, the acquisition of Kill Rock Stars and “Financial Alliance” with MOM+POP music in 2022 and achieving bloodshot records in 2021. One of the company’s early deals was in 2021 with the Blues Stallwart Elegator Records in Chicago.
Excellence was founded in 2021 by Glenn Baios, CEO of former Concord Music Group, with Amy Diets, John Burke, Charles Caldas and Dave Hansen with “adequate investment capital”, which is according to the music business.
Barros said at the time, “It is very good to see the music industry hugging by the investment world. Not long ago, most investors thought that the industry was over.” “But this arrival of capital has transformed music into an object to do business like any other financial property in many ways.”
