IPEM Cannes 2024 – The Daily Spin – January, 25th
The shifting role of LPs was the overarching theme for the morning session of Day 2, at the 10th edition of IPEM in Cannes. After a full day of yoga,…
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Acquisitions of pop artists’ music catalogues are proving to be quite a hit parade for private equity groups as they look to cash in on attractive royalties. Private equity and pop music seems an unlikely collaboration with the potential risk of being a ‘one hit wonder’…anyone still remember Chesney Hawkes? Firms like UK-based Hypgnosis Songs Fund are finding their Nile Rodgers groove and acquiring huge numbers of well-known songs to generate returns. They’ve just acquired Justin Timberlake’s entire catalogue for $100 million. That’s gotta be worth making a song and dance about!
Before going back to work, let’s enjoy some hits from Private Equity Portfolio:
