{"id":85746,"date":"2021-06-08T13:00:00","date_gmt":"2021-06-08T12:00:00","guid":{"rendered":"https:\/\/routenote.com\/blog\/?p=85746"},"modified":"2021-06-08T12:20:07","modified_gmt":"2021-06-08T11:20:07","slug":"hipgnosis-profits","status":"publish","type":"post","link":"https:\/\/routenote.com\/blog\/hipgnosis-profits\/","title":{"rendered":"Hipgnosis has success during the midst of music streaming boom"},"content":{"rendered":"\n

Image credit: Llias Chebbi <\/a><\/em><\/p>\n\n\n\n

Songs fund reports that Hipgnosis has seen a 66% revenue rise after buying 84 catalogues last year, including Neil Young and Beyonc\u00e9.<\/span><\/h4>\n\n\n\n

If you\u2019ve been keeping your eye on the music industry then there is no doubt you\u2019ve heard or seen the name Hipgnosis<\/a> being thrown around. They\u2019re one of the companies that are snapping up punishing rights and catalogues of artists for large sums of money.<\/a> So far they have acquired the catalogues of Neil Young, Beyonc\u00e9, Red Hot Chilli Peppers<\/a>, and countless others. Hipgnosis has invested a staggering $1bn in music catalogue acquisitions and now the company is seeing a jump in annual revenues.\u00a0<\/p>\n\n\n\n

The London-listed company, which earns royalties over time of its 65,000 songs is played, said that revenues climbed 66% from $83m (\u00a359m)to $138m in the year to the end of March. The company cited that the increase was due to the live sector being shut down due to the ongoing pandemic.<\/p>\n\n\n\n

Founder and Chief Executive Merck Mercuriadis said: \u201cWhilst we would never have wished for a pandemic, it has accelerated the consumption of classic songs through streaming.\u201d Adding: \u201cWith all our catalogues chosen due to their extraordinary success and cultural importance, extra high levels of streaming demand are a natural feature.\u201d<\/p>\n\n\n\n

An example the company used was the band Journey\u2019s catalogue, which has seen the number of songs streamed each week grow by 48% to 3.7m in the last four months. Their biggest hit \u2018Don\u2019t Stop Believin\u2019 recently passed the 1bn stream mark on Spotify. <\/p>\n\n\n\n

The company claimed that streaming income rose 18.4% in the second half of its financial year, compared with the first six months.<\/p>\n\n\n\n

Hipgnosis is focused on what is known as evergreen classic hits, with the proportion of songs that are older than 10 years accounting for 60% of its total portfolio. Under half of their portfolio is pop music (46%), and the second biggest genre being rock at 27%.\u00a0<\/p>\n\n\n\n

Hipgnosis has already acquired the rights to many classic hits, including music from Neil Young, Shakira<\/a>, former Fleetwood Mac guitarist Lindsey Buckingham, Metallica producer Bob Rock and countless others. It\u2019s likely that they will continue snapping up catalogues throughout the year, especially as profits surge.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"

Songs fund reports that Hipgnosis has seen a 66% revenue rise after buying 84 catalogues last year, including Neil Young and Beyonc\u00e9. <\/p>\n","protected":false},"author":23,"featured_media":85747,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[13,1,11109],"tags":[10993,21059,26447,24238,126,1038,26446,15588,15591,25515,20751],"acf":[],"yoast_head":"\nHipgnosis has success during the midst of music streaming boom - RouteNote Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/routenote.com\/blog\/hipgnosis-profits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hipgnosis has success during the midst of music streaming boom - RouteNote Blog\" \/>\n<meta property=\"og:description\" content=\"Songs fund reports that Hipgnosis has seen a 66% revenue rise after buying 84 catalogues last year, including Neil Young and Beyonc\u00e9.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/routenote.com\/blog\/hipgnosis-profits\/\" \/>\n<meta property=\"og:site_name\" content=\"RouteNote Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-08T12:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-06-08T11:20:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2021\/06\/ilias-chebbi-2gpfqhEFVZ8-unsplash-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1533\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Kieran Webber\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Organization\",\"@id\":\"https:\/\/routenote.com\/blog\/#organization\",\"name\":\"RouteNote\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"sameAs\":[],\"logo\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/routenote.com\/blog\/#logo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"contentUrl\":\"https:\/\/routenote.com\/blog\/wp-content\/uploads\/2020\/11\/routenote-logo.jpg\",\"width\":1000,\"height\":1000,\"caption\":\"RouteNote\"},\"image\":{\"@id\":\"https:\/\/routenote.com\/blog\/#logo\"}},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/routenote.com\/blog\/#website\",\"url\":\"https:\/\/routenote.com\/blog\/\",\"name\":\"RouteNote Blog\",\"description\":\"The World of Digital Music - 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