Blackstone, Hipgnosis brand and $ 3 billion is called ‘recognition’

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

Blackstone named Hipgnosis for the $ 3 billion Musical Investment Group, as it is about to buy a $ 3 billion Musical Investment Group, the owner of the Britain’s lawyer and Shakira have less than a year for less than a year.

The US Private Equity Group is recognized as a recognition of a company that has a company that has a company with more than 45,000 songs and writing portfolies from 45,000 songs and writing portfolies from 455 plus catalogs.

The group has the right to own the material by song authors and artists, including Fleetwood Mac, Neil Young and Justin Bieber.

President of Recognition Ben Katovsky said that the new operation will work in a way of “radically different” when there are three separate enterprises.

The group will combine the funds of the fund hipgnosis songs and previously listed songs and labels Hipgnosis songs fundWhich black stone took a private last year.

This Deal for Hipgnosis Songs Foundation As a result, the US Investment Group, which supports APOLLO with more than $ 1.6 billion, followed a bunch of battles between Concord and Blackstone.

The new group also covers the management of hipgnosis songs, which previously invested for both funds. The group’s assets are collectively more than $ 3 billion, people who are familiar with this issue.

Hipgnosis originally established by the former group manager Merck Mercuriadis In 2018, he wanted to convert musical rights to the main active class, to make revenues for the investors of streaming, radio games and performances.

Gasim Abbas, a member of the General Manager in Blackstone, said he would try to get new new music portfolios for the company in the future.

Blackstone said he was “projected long-term cash flows profile” for musical rights, “Blackstone is loyal to the active class and market.” He added that in recognition, the company was now established to establish its position as “leading independent investors in musical rights.”

In November last year, Blackstone has completed the $ 1.5 billion securitization of assets in the largest hypgnosis group for musical rights so far.

Abbas said: “The market has growing and developing both debt investors and capital investors. The market continues to grow and institutionalize.”

Katovsky said that recognition is now that the music is the integrated company, which has music and manages this music, saying it is “reasonably different.”

Katovsky added that the group has already invested in technology to increase the value of assets. Investments encourage the use of material in films and television and help the royalty from all over the world.

Katovskiy added that as one of the largest owners of musical rights, the scale of the combined work also recognized the “unique advantage.”

“We have a strong ambition to grow,” he said, the recognition would be choosing about his acquisition.

“We will do them in sensitive price points and look at the quality of our portfolio,” Katovsky said.