Blackstone Unveils Music Investment Deal With Merck Mercuriadis [Financial Post (Toronto, Ontario, Canada)]
Warner Music Group Corp. - Class A (WMG)
Company Research
Source: Financial Post
The alternative asset manager said it would also take an ownership stake in Hipgnosis Song Management, the firm founded and run by Mercuriadis, according to a statement that confirmed an earlier Bloomberg News report. 17 best online deals in the Canadian retail space right now Advertisement The market for music copyrights become more competitive, thanks in part to the aggressive spending of Mercuriadis's Hipgnosis Songs Funds Ltd., a publicly traded investment vehicle operated by his management firm. Advertisement Article content It's also gotten more competitive, with music labels Universal Music Group NV and Warner Music Group Corp. buying catalogs too. Blackstone will be relying on Mercuriadis, a former manager of Elton John, Guns N' Roses and Beyoncé, to use his deep connections in the music industry to strike deals with artists. Under these agreements, the firms make upfront cash payments to artists in exchange for rights to their songs, which they can then monet
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WMG
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- 2/7/24 - Miss
WMG
Sec Filings
- 3/8/24 - Form 8-K
- 3/7/24 - Form 4
- 3/7/24 - Form 4
- WMG's page on the SEC website