Thanks for the sauce, but I'm willing to bet a dollar to a donut that this Holding Company is connected to Spotify in more ways than one.
They become sister companies in the plot to control the industry.
My crazy theory. :)
Thanks again
Keep up the good fight.
This investment group is Hipgnosis Songs Fund and 2021 Blackstone entered the chat:
"As of January 2021, Hipgnosis Songs Fund partially or fully owned more than 57,000 songs. In July, the fund was valued at $2.2 billion. In October 2021, the Blackstone Group announced a partnership with Hipgnosis Songs Management backed by $1 billion in funds managed by Blackstone. It also acquired an ownership stake in Hipgnosis."
He did not sell to Spotify. He sold to an investment group in the UK.
Thanks for the sauce, but I'm willing to bet a dollar to a donut that this Holding Company is connected to Spotify in more ways than one. They become sister companies in the plot to control the industry. My crazy theory. :) Thanks again Keep up the good fight.
This investment group is Hipgnosis Songs Fund and 2021 Blackstone entered the chat:
"As of January 2021, Hipgnosis Songs Fund partially or fully owned more than 57,000 songs. In July, the fund was valued at $2.2 billion. In October 2021, the Blackstone Group announced a partnership with Hipgnosis Songs Management backed by $1 billion in funds managed by Blackstone. It also acquired an ownership stake in Hipgnosis."
https://en.wikipedia.org/wiki/Hipgnosis_Songs_Fund
https://en.wikipedia.org/wiki/The_Blackstone_Group
I was JUST going to say that Blackstone is probably involved.
And then you show up with the receipts.
Thank you!
sorry, I took the words right out of your mouth, but happy if I could help :-)