Blackstone Officially Invests $1 Billion In Music Rights, Takes Ownership Stake In Hipgnosis Song Management

Last week, reports suggested that Blackstone (NYSE: BX) was preparing to invest $1 billion in music rights as part of an agreement with Hipgnosis founder Merck Mercuriadis. Now, the billion-dollar partnership has officially launched.   New York City-based Blackstone – which in April acquired Death Row Records owner eOne Music (now MNRK Music Group) for … Continue reading Blackstone Officially Invests $1 Billion In Music Rights, Takes Ownership Stake In Hipgnosis Song Management