Blackstone plans to invest $1 billion in acquiring music rights, betting on a nascent but exploding category that is benefiting from the rapid growth of online streaming
Blackstone Inc.
plans to invest $1 billion in acquiring music rights, as the asset manager bets on a nascent but exploding category that is benefiting fromThe investment—which Blackstone executive Qasim Abbas called the “starting point”—comes as part of a partnership with an advisory firm affiliated with Hipgnosis Songs Fund Ltd. , a music-investment company that trades on the London Stock Exchange.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
G20: EU vows $1.2B in Afghanistan aid, ties more funding to Taliban actionsEuropean Commission chief von der Leyen announces short-term aid deal to prevent basic services in Afghanistan from collapsing and food from running out as G20 leaders gather to discuss the Afghan crisis and how to engage with its new rulers.
Baca lebih lajut »
She co-founded a $1 billion fintech start-up in Asia — and wants to show other women they can tooTessa Wijaya, the co-founder of Indonesian payments start-up Xendit, describes herself as 'a unicorn among unicorns among unicorns.'
Baca lebih lajut »
Blackstone Officially Announces $1B Investment in Music Assets With HipgnosisBlackstone has entered a partnership with Merck Mercuriadis' Hipgnosis Song Management to invest in music assets.
Baca lebih lajut »
Blackstone to Take Stake in Hipgnosis, Commits $1B to Music Investment Partnership'This partnership underscores the long-term, sustainable value we see in creative content across the wider entertainment industry, building on Merck’s vision and dynamism,' says the investment firm.
Baca lebih lajut »
Blackstone music deal hits right digital noteBlackstone is adding music to its digital-content playlist. The private equity firm is investing $1 billion with Hipgnosis Song Management to acquire music rights and manage catalogs from stars like Shakira. Streaming music is growing and there are opportunities for tunes to be used elsewhere. Steve Schwarzman's firm looks to be hitting the right note.
Baca lebih lajut »
Next Billion-Dollar Startups: How Notarize Built A $760 Million Business In Online NotariesPat Kinsel started Notarize after his own nightmare with getting documents notarized. To get it off the ground, he and his cofounder had to convince state and local regulators that online notarization using cameras could be as secure as that performed in person.
Baca lebih lajut »