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Ex-Geffen Records Chief Neil Jacobsen Plans $200 Million IPO for Music-Rights Company
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variety.comJem Aswad Senior Music EditorIn the wake of Hipgnosis Song’s blockbuster growth, former Geffen Records president Neil Jacobsen, who launched his own songwriter-producer management firm in 2019, is lining up a $200 million IPO on the New York Stock Exchange for a new company called the Music Acquisition Corporation.
The move was first reported by Music Business Worldwide.While Hipgnosis has spent more than $1.7 billion acquiring catalogs from major artists such as Neil Young and Barry Manilow as well as lesser-known but successful producers and songwriters such as Timbaland, Poo Bear, Mark Ronson, Eurythmics Dave Stewart and dozens of others, Jacobson’s purview is wider.According to an SPAC S-1 prospectus for Jacobson’s new company, it is.
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