Hipgnosis Raises Another £231 million to Buy More Music Rights – Investors Seem Hungry

Hipgnosis is a company we have been watching closely over the years as they are trying to get investors interested again in acquiring music assets as an investment class.

Hipgnosis has just announced that they have raised another £231 million from Nplus1 Singer Advisory LLP and J.P. Morgan Securities plc (which conducts its UK investment banking activities as J.P. Morgan Cazenove) in a C Shares offering.

It’s very interesting to see that these types of investment options are continuing to gain traction. It will be interesting to see if it remains the case over the longterm.

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Amazon Stops Charging For Lossless Streaming

Apples’ lossless audio streaming announcement has forced the hand of Amazon to make their HiFi streaming tier free to Amazon Music Unlimited users.

Apple Announces High Quality, Lossless audio for Apple Music At No Extra Cost

Apple has today officially announced that they will be bringing HiFi quality streaming to their platform at no extra cost from the beginning of June.