Hipgnosis Songs Fund Limited NPV (SONG)

Index:

FTSE 250

69.00p
   
  • Change Today:
      5.30p
  • 52 Week High: 94.90
  • 52 Week Low: 57.90
  • Currency: UK Pounds
  • Shares Issued: 1,209.21m
  • Volume: 10,096,065
  • Market Cap: £834.36m
  • RiskGrade: 57

Hipgnosis-Blackstone fund buys Justin Timberlake's catalogue

By Josh White

Date: Thursday 26 May 2022

LONDON (ShareCast) - (Sharecast News) - Hipgnosis Song Management has acquired Justin Timberlake's back catalogue, it emerged on Thursday, using cash from the Blackstone-backed fund it launched last year.
The company said it acquired 100% of Timberlake's copyright, ownership and financial interests of both the writer's and publisher's shares of public performance income, as well as the catalogue of compositions by Timberlake.

It also bought the worldwide administration rights to the compositions, with Universal Music's publishing administration rights set to expire in 2025.

The acquisition was made by Hipgnosis Song Management on behalf of Hipgnosis Songs Capital ICAV - the investment vehicle established in partnership with Blackstone in October 2021, and a separate company to the London-listed Hipgnosis Songs Fund.

"Justin Timberlake is not only one of the most influential artists of the last 20 years but he's also one of the greatest songwriters of all time," said Merck Mercuriadis, founder and chief executive officer of Hipgnosis Song Management.

"His hit songs including Cry Me A River, Rock Your Body, SexyBack, My Love, What Goes Around Comes Around, Suit & Tie, Mirrors and Can't Stop The Feeling are amongst the most iconic of the period.

"This is the beginning of what we believe will be an incredible relationship important to us all."

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

SONG Market Data

Currency UK Pounds
Share Price 69.00p
Change Today 5.30p
% Change 8.32 %
52 Week High 94.90
52 Week Low 57.90
Volume 10,096,065
Shares Issued 1,209.21m
Market Cap £834.36m
RiskGrade 57

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SONG Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div n/a 29-Jun-23
Paid n/a 28-Jul-23
Amount 0.000p 1.31p

Trades for 28-Mar-2024

Time Volume / Share Price
16:43 22,119 @ 69.04p
16:35 639,454 @ 69.00p
16:35 13,329 @ 69.00p
16:35 11,297 @ 69.00p
16:35 15,865 @ 69.00p

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