Hipgnosis to float as streaming takes off

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A music royalties fund advised by guitarist Nile Rodgers is tuning up for a float next month as it hopes to cash in on the music-streaming revolution.

Hipgnosis Songs Fund is raising £200 million to snap up rights to songs by artists and make money from royalties.

The fund, which will list on the main market in two weeks, will be run by Merck Mercuriadis, the former manager of artists such as Sir Elton John, Beyoncé and Morrissey, and aims to pay out a 6.5% dividend yield… More at Evening Standard.

I have been signed up to streaming for a year now and must admit that there does feel like no way back.

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