Capstan Capital closes $1bn investment into Hipgnosis Song Management by Blackstone.
Capstan has been advising the firm that is truly improving commercial merits for talented artists, some of whom have become part of the fabric of nearly everyone’s lives. Hipgnosis have succeeded in bringing British MPs to call on the Government to introduce a system where performers have a right to receive a share without reference to their label contracts (https://committees.parliament.uk/writtenevidence/16721/pdf/).
The DCMS Committee’s report had warned that “pitiful returns” are impacting the “entire creative ecosystem” – and said even top artists are seeing “meagre” royalty payments each time songs are played on platforms such as Spotify and Amazon.
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