Hipgnosis Reports Solid Growth in Maiden Financial Results: Hit Songs Are as 'Investable as Gold or Oil'

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In its first 10 months of trading music IP investment company Hipgnosis generated revenues of £7.2 million ($9.2 million) from its fast-growing list of catalog holdings, according to its maiden financial results released Monday.

In its first year, the company owns full or partial stakes in 12 catalogs amounting to 3,096 songs in total.

Other acquisitions concluded during the period included the catalogs of songwriters and producers Johnta Austin, Sean Garrett, Rico Love, Ari Levine and Sam Hollander . As for where Hipgnosis generates the bulk of its publishing revenues, 64% of its income in 2018/19 came from the U.S. with 15% from the U.K. and 4% from Australia. The company's end of year financial report says it anticipates "an increase in revenues from other developed and emerging market countries as streaming services expand in those markets. "

 

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