As expected, Blackstone and Hipgnosis Song Management have launched a $1 billion partnership to invest in songs, recorded music, music IP and royalties, the companies announced Tuesday morning. The news comes amid a flurry of activity by major finance players in the music space, with KKR reportedly in negotiations to buy a $1 billion catalog from Kobalt Capital and Apollo Global Management is investing up to $1 billion in the new music rights firm HarbourView.
Source: Blackstone and Hipgnosis Song Management Launch $1 Billion Partnership