London-listed music investor sells ‘non-core’ song rights at a discount to raise cash as it battles debt pile
Hipgnosis Songs Fund, which owns the streaming rights to artists ranging from Beyoncé to Neil Young, has sold a chunk of its song rights at a steep discount to raise cash.
The fund said on Monday that it had sold 20,000 unspecified “non-core” songs for $23.1m (£18.4m), in a statement to the London Stock Exchange, where it is listed.
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