Music Biz News

Red Hot Chili Peppers Sell Catalog to Hipgnosis

The Red Hot Chili Peppers are selling their publishing rights to Merck Mercuriadis’s Hipgnosis Songs Fund for around $140 million, a source close to the situation tellsRolling Stone. The transaction marksthe latest catalog sale from a major legacy artist and one of the highest profile acquisitions to date for Mercuriadis. …

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Did Everyone Buy a Guitar in Quarantine or What?

To some people, guitars are almost as essential as toilet paper. While the Covid-19 pandemic wreaked havoc on the global economy, seriously hurting and shuttering many businesses, some companies — like Amazon and Procter & Gamble, for example — posted jaw-dropping financials. And in a less predictable turn of events, …

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Shakira Sells Her Music Catalog to Hipgnosis Songs Fund

Hipgs don’t lie. Shakira has sold the publishing rights to her catalog to Hipgnosis Songs Fund, the company announced early Wednesday morning — the latest in CEO Merck Mercuriadis‘s prolific shopping spree for major stars’ music rights. Hipgnosis bought the entirety of Shakira’s publishing rights for her 145-song catalog, which …

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