Merck: Last News

Jem Aswad Executive Editor, Music Hipgnosis Songs Fund’s board of directors announced Thursday that the company will sell two segments of its song catalog in a bid to increase its stock price and pay down debt. The statement, made in a dense 20-page document capably translated into plain English by Billboard, reveals that one package of assets includes 29 catalogs worth around $440 million, which the Blackstone-backed entity, Hipgnosis Songs Capital, has agreed to acquire.

Livingston MP Gregor Poynton has highlighted the strength and potential of the life sciences and biotech sectors in his constituency, following confirmation from the UK Labour Government’s Department for Science, Innovation, and Technology of significant ongoing and future investments in the area.

Jem Aswad Executive Editor, Music In the latest move in an ongoing dispute, singer-songwriter Barry Manilow, who sold a catalog of his music to Hipgnosis Songs Fund in 2020, and Nevada-based Stiletto Entertainment have filed a lawsuit seeking $1.5 million in unpaid bonus funds in U.S. District Court in California.

Thania Garcia Merck Mercuriadis and his team at Hipgnosis Songs Fund, the London-based investment trust that owns rights to music by big-name artists including Leonard Cohen, Blondie and Justin Bieber, have delivered the company’s fiscal year (ending in March) results that reflect growth in streaming and sync revenues. On the opposite end, the company reported a decrease in net revenue ($147.2 million from $168.3 million in the year prior) bur cited those dips as a result of non-recurring changes in accrual. Hipgnosis’ pro-forma annual revenue (PFAR), described the report as “the royalty revenue earned by catalogues in a calendar year largely based on royalty statements received,” increased to $130.2 million from $116.2 million. Streaming income lifted 14.8% in 2022 while sync revenue also showed strong growth of 24.7% in 2022. Naturally, performance income also grew by 9%, blowing away the previous years’ deflated numbers that came as a result of the pandemic shutdown.

Rod Stewart, 78, has been blessed with a third grandchild just two days after becoming a grandfather for the second time. His daughter Ruby Stewart, 35, took to Instagram today to share the exciting news she had given birth with her 48,000 followers. She shared an adorable snap of her newborn son, also tagging his father Jake Kalick, to whom she is engaged.

DEALSHipgnosis has acquired the writer’s share of performing rights income related to the catalogue of songwriter David Foster. “David is recognised globally as one of the greatest songwriters and producers of all time”, says CEO Merck Mercuriadis. “He is the songwriters’ songwriter and the producers’ producer.

DEALSHipgnosis has acquired the catalogue of ‘Despacito’ co-writer Erika Ender. “I am very excited about this partnership with Hipgnosis”, she says. “I’ve always believed that music is eternal.

Hipgnosis has acquired the songs catalogue of Justin Timberlake. That’s right, Justin Timberlake. They just bought it right off him.

Patrick Frater Asia Bureau ChiefVincent Ngo, top screenwriter and Hollywood script doctor, has set up comedy series “Early Risers” in his native Vietnam. Talent behemoth, Creative Artists Agency (CAA) represents the production company Early Risers Media Group and is handling licensing of the series’ distribution rights.The show, about the lives of American and European expats living and working in Saigon, is set to begin filming under the direction of Zach Merck at the end of this month.