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Music Catalog Giant Hipgnosis Is Sold, and Merck Mercuriadis Exits

July 09, 2024

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The company, whose pricey acquisitions kicked off a rush on catalog sales, sold its assets to Blackstone for $1.6 billion, and its outspoken leader will step down.

Ben Sisario | NYTimes Arts | Disclosure

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Music Catalog Giant Hipgnosis Is Sold, and Merck Mercuriadis Exits

The company, whose pricey acquisitions kicked off a rush on catalog sales, sold its assets to Blackstone for $1.6 billion, and its outspoken leader will step down.

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