Hipgnosis Song Management announced on Tuesday that Merck Mercuriadis will be stepping down as chairman of the music investment advisor. In giving his notice, which goes into effect upon closing of the proposed acquisition of Hipgnosis Songs Fund to private equity giant Blackstone, HSM’s founder called it the “right time” and a “timely opportunity for me to undertake a strategic shift of focus.” “With Hipgnosis Songs Fund and Hipgnosis Songs Assets we have created an outstanding catalogue of rights to an unrivalled collection of iconic and culturally important songs from phenomenal songwriters who I knew would be proud
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