Songs fund reports 66% revenue rise after buying 84 catalogues last year including 50 Cent and Barry Manilow
Hipgnosis, the firm that offers investors the chance to make money from the royalties of songs by famous artists from Neil Young to
Beyoncé, has reported a jump in annual revenues of two-thirds thanks to a $1bn
music catalogue buying spree and a boom in streaming during the pandemic.
The London-listed company, which earns royalties every time one of the 65,000 songs to which it owns the rights is played, said that revenues climbed 66% from $83m (£59m) to $138m in the year to the end of March.