MERCK'S BIG YEAR

Merck MercuriadisHipgnosis Songs Fund Limited has delivered to shareholders a 41% total return since inception, and in the last fiscal year, and grown its net asset value by 11% in the 12-month period that ended in March.

Hipgnosis has released its annual figures, noting that the total NAV return hit 15.7% as of 3/31, that streaming income was up 18.4% in the second half of the fiscal year vs. the first six months, and that the portfolio now includes 138 catalogs with about $2b invested. Value of the catalogs is just above $2.2b.

Net revenue in the year increased substantially, to $138.4m.

“With all our catalogs chosen due to their extraordinary success and cultural importance, extra-high levels of streaming demand are a natural feature,” Mercuriadis said.

“This accelerated growth leaves us well positioned for the future, with increased expectations for income over the long term. Concurrently we’ve felt some temporary decline in our performance income consistent with the entire industry, but we expect that to turn around by the autumn.”

During the year, the company acquired 84 catalogs for an aggregate purchase price of $1.06b. Acquisitions included works by Neil Young, Lindsey Buckingham, Blondie, Shakira and 50 Cent.

THE HITS LIST TURKEY TROT
...with all the trimmings (11/22a)
AN AWARD-WINNING CMA GALLERY
Cowboy hats and funny caps (11/21a)
NEAR TRUTHS: WITCHING HOUR
It's not easy being green. (11/21a)
NEAR TRUTHS: REALIGNMENT AND RECOGNITION
Underscoring the year's biggest stories (11/19a)
NEAR TRUTHS: THE ELEPHANT IN THE ROOM
Nervous time in the music biz and beyond. (11/16a)
NOW WHAT?
We have no fucking idea.
COUNTRY'S NEWEST DISRUPTOR
Three chords and some truth you may not be ready for.
AI IS ALREADY EATING YOUR LUNCH
The kids can tell the difference... for now.
WHO'S BUYING THE DRINKS?
That's what we'd like to know.
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