Blackstone, Hipgnosis partner to invest $1 billion into music

Blackstone, Hipgnosis partner to invest $1 billion into music

3 years ago
Anonymous $BH0TGXkyPe

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.