Jem Aswad Senior Music EditorHipgnosis Songs has acquired 42 catalogs, comprising more than 33,000 songs, from Kobalt Music Copyrights S.à.r.l.
for a total consideration of $322.9 million. The catalogs were owned and sold by investors in Kobalt Capital Limited — which is distinct from the music company itself — and the songs will continue to be administered by Kobalt.
Founded in 2010, KCL is a financial conduct authority regulated investment advisory firm that focuses on music rights.The acquisition spans across many musical genres and some 1,500 songwriters (including Lindsey Buckingham, 50 Cent, Steve Winwood, Walter Afanasieff and Skrillex) and includes such hits as Fleetwood Mac’s “Go Your Own Way” and “The Chain,” “All I Want For.
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