The latest big acquisition is here. Hipgnosis says it has acquired “100% of all of Timberlake’s copyright, ownership and financial interests of the Writer and Publisher’s Share of Public Performance income, and the catalog of musical compositions written by Justin Timberlake”.

Also included in the sale to Hipgnosis are the worldwide administration rights to the compositions, subject to the remaining Term of Universal Music Publishing Group’s administration rights, which expire in 2025. But how? The acquisition has been made by Hipgnosis Song Management on behalf of Blackstone-backed Hipgnosis Songs Capital (Hipgnosis Songs Capital ICAV) – a separate entity to the UK-listed Hipgnosis Songs Fund. Both of those funds (Hipgnosis Songs Capital and Hipgnosis Songs Fund) have their investments managed by Hipgnosis Song Management, in which Blackstone is also an investor. Big money. Big moves! Via MBW