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UMG PAVES ELTON'S YELLOW BRICK ROAD WITH GOLD
Lucian locks in the superstar. (9/21a)
RIAA: SUBS POWERED REVENUE IN H1 2018
Streaming revenue is 75% of the biz. (9/21a)
CRY THE TOP 20
Carrie is having a Pretty good first week. (9/21a)
SONG REVENUE CHART: THE BUCK STOPS HERE
Yeezy and Pump run to daylight. (9/21a)
UMG PAVES ELTON'S YELLOW BRICK ROAD WITH GOLD
This song's for Uni. (9/21a)
RAINMAKERS
The ones making history now.
WHO'S NEXT?
Who will be the next big pub and label players?
THOUGHTS ON LUNCH?
Like, will it ever get here?
THE KIDS
They're leaning on the button.
Blighty Beat
MERCK FLOATS HIPGNOSIS SONGS
6/29/18

Respected manager and former Sanctuary CEO Merck Mercuriadis has proceeded with the plan to float his Hipgnosis Songs Fund on the London Stock Exchange after successfully raising £200m ($264m) from an initial investor pool. Shares will be publicly traded starting 7/11. 

As SONGS, the firm is the first LSE listed pure-play music investment firm and is so far the biggest fund IPO of this year. 

The cash will be used to buy a bank of songs by more than 50 artists from the past five decades. Included are “proven, evergreen songs from award-winning songwriters” and more than 10 U.S. and U.K. #1 hits. We have word that Mercuriadis has lined up £400m worth of deals in the pipeline to choose from. 

…Read more