Concord In The News

Blackstone’s Hipgnosis closes $1.47bn asset-backed securities transaction

ABS deal is backed by royalties from the 45,000-song portfolio acquired in July from Hipgnosis Songs Fund‘s then-public shareholders

From Ed Sheeran’s speech to UMG vs. TuneCore… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Believe and TuneCore say they ‘strongly refute’ copyright infringement claims in UMG’s $500m lawsuit and ‘will fight them’

The lawsuit, filed on Monday (November 4) alleges that Believe has built its business through industrial-scale copyright infringement'

‘Artist development is the lifeblood of the new Concord Records.’

MBW meets Concord Records Co-Presidents Margi Cheske and Mark Williams

UMG sues Believe and TuneCore for $500 million, alleging ‘industrial-scale copyright infringement’

Lawsuit focuses on so-called 'manipulated' audio remixes of copyrighted tracks

From Ed Sheeran’s copyright appeal win to the asset-backed securities boom… it’s MBW’s Weekly Round-Up

The biggest stories from the past week – all in one place…

Duetti secures fresh $114m to buy indie artist catalogs, including $80m raised through firm’s first asset-backed securitization transaction

Company, which officially launched in May 2023, says it has raised $235 million so far

The Hipgnosis Songs Fund catalog has just been valued at $2.36bn… around $150m more than HSF’s enterprise value when Blackstone acquired it

Blackstone raises nearly $1.5 billion in debt financing via new ABS, based on substantial valuation for Hipgnosis Songs Fund assets