Beyoncé performs during the Renaissance world tour last year. Hipgnosis Songs Fund owns rights to artists such as Beyoncé, Red Hot Chili Peppers and Neil Young.Beyoncé performs during the Renaissance world tour last year. Hipgnosis Songs Fund owns rights to artists such as Beyoncé, Red Hot Chili Peppers and Neil Young.A private equity company attempting to take over Hipgnosis has sweetened its offer to value the troubled music rights owner at nearly $1.
Mercuriadis used his music industry connections to spend millions on the rights to 138 catalogues with more than 40,000 songs but the company ran into problems recently because of rising interest rates and changes to the valuation of its songs.
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