Blackstone, Hipgnosis partner to invest $1 billion into music
https://www.reuters.com/article/blackstone-hipgnosis-songs-partnership/blackstone-hipgnosis-partner-to-invest-1-billion-into-music-idUSKBN2H212V
Private equity firm Blackstone Inc said on Tuesday it would employ $1 billion in partnership with Hipgnosis Songs Management to buy music rights, record songs and manage catalogues, at a time when online streaming has gained popularity.