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Hipgnosis Songs Raises Another $215 Million, Spent $1.1 Billion on Catalogs Last Year
Jem Aswad Senior Music EditorFast-rising Hipgnosis Songs spent nearly $1.1 billion on 84 song catalogs over the year ended March 31, and raised another $215 million in its recent stock offering on the London Stock Exchange, according to statements released by the company this week.Those catalogs include half of Neil Young’s song catalog, as well as Lindsey Buckingham, Deborah and Chris Stein of Blondie, Chrissie Hynde, Barry Manilow and many more. Since it was founded in 2018, the company has invested more than $2 billion in nearly 140 catalogs — and they are clearly not planning to stop any time soon.
