Beyoncé and Neil Young song fund Hipgnosis sells 20,000 songs for £18m

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.