Sony Music Publishing has acquired Hipgnosis Songs Group LLC, previously often known as Huge Deal Music, from Blackstone’s Recognition Music Group, sources concerned within the deal have confirmed.
Huge Deal Music was acquired by Hipgnosis Songs Fund in September 2020. In addition to bringing 4,400 copyrights into Hipgnosis, that deal included the corporate’s US publishing admin enterprise, Phrases & Music.
These belongings have now been acquired by SMP, together with the 4,400 copyrights. They embrace cuts in songs recorded by Shawn Mendes, Panic! On the Disco, and One Route.
In addition they embrace publishing shares for present chart performers together with Sabrina Carpenter‘s Style, Espresso, and Feather, alongside Unusual by Alex Warren and Lose Management by Teddy Swims.
It’s been identified for a while that Recognition/Blackstone was planning to dump the Huge Deal/HSG belongings.
In July 2024, funding large Blackstone acquired Hipgnosis Songs Fund‘s belongings from HSF’s then-public shareholders in a transaction value USD $1.584 billion.
Through the bidding course of for HSF, Blackstone mentioned that inside six to 9 months following the HSF acquisition, it might promote or restructure Hipgnosis Songs Group LLC – aka Hipgnosis’ US songs administration enterprise previously often known as Huge Deal Music.
Equally essential on this story is what HASN’T been offered by Recognition/Blackstone.
Following the deal, Recognition continues to personal and handle over 45,000 songs and recordings from over 145 catalogs, together with songs by songwriters and artists together with the Pink Scorching Chili Peppers, Fleetwood Mac, Neil Younger, Eurythmics, Justin Bieber, Shakira and Journey.
Lower than a month in the past, Recognition Music fashioned a Senior Advisory Group and appointed Matt Spetzler as Chairman, alongside Lisa Alter and David H Johnson as members.
On the time, Recognition mentioned its new Senior Advisory Group will present ”strategic counsel and steering” to the corporate, and can “help in its mission of enhancing the legacy and worth of its track portfolio”.
Based on Sony Music Group’s newest quarterly report, the group’s world music publishing operation – led by Sony Music Publishing – generated USD $630.9 million within the three months to finish of March 2025. That quarterly income determine, on the US greenback degree, was up 12.9% year-on-year.
Sony Music Publishing, run by CEO & Chairman Jon Platt, is Sony’s US-headquartered music publishing operation.
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