March 01, 2023
Music catalog buying spree - who is financing it?
"With the influx of cash that’s led to a music catalog buying spree over the past few years, where does all of this money come from?" - The Bag looks at the other side of the headline. Musicians have become much richer in the past five years since Hipgnosis kicked off this catalog boom. The biggest financiers:
Blackrock, who invested hundreds of millions of dollars via Influence Media Partners,
Litmus Music launched with $500 Million in funding from Carlyle Global Credit
Hipgnosis Song Management raised $1 Billion from Blackstone