Concord Raises Offer in Fight to Take Over Hipgnosis Songs Fund
The Nashville-based company is now offering $1.25 per share, a penny more than Blackstone’s possible bid, and says it wants to sell up to 30% of the fund’s assets. …
Blackstone, Business, Business News, Concord, Hipgnosis, Hipgnosis Songs Fund, Merck Mercuriadis, Music
What’s Next for Hipgnosis? A ‘Roller Coaster’ of Missteps Brings the Fund and Its Founder to a Crossroads
As Concord and Blackstone vie to acquire the embattled song fund, Merck Mercuriadis’ future with its investment adviser remains unclear. …
Business, Business News, Hipgnosis, Hipgnosis Song Management, Hipgnosis Songs Fund, Merck Mercuriadis, Music
Hipgnosis Songs Fund Overstated Revenue, Earnings & Its Stakes in Music Catalogs, Says New Report
Shot Tower Capital says inadequate financial analysis and management from the investment adviser led to inaccurate information at multiple levels. …
Business, Business News, Executive Turntable, Hipgnosis, Hipgnosis Song Management, Merck Mercuriadis, Music
Merck Mercuriadis Exits CEO Role at Hipgnosis Song Management
Mercuriadis will transition to chairman, with Ben Katovsky rising to chief executive as the advisor eyes smoother relations with its publicly listed royalty fund. …
Business, Business News, Hipgnosis Song Management, Hipgnosis Songs Capital, Hipgnosis Songs Fund, Merck Mercuriadis, Music
Hipgnosis Songs Fund Board Says Investment Advisor Refuses to ‘Unconditionally’ Remove Call Option
The owner of rights to songs by Neil Young, Shakira, Journey and more will hold an extraordinary general meeting to address shareholders’ concerns. …