Hipgnosis buys Jimmy Iovine catalogue
Hipgnosis Songs Fund Limited NPV
103.40p
16:34 25/04/24
1.97%
2.00p
Hipgnosis Songs Fund said it had bought the music and film soundtrack catalogue of record producer Jimmy Iovine for an undisclosed sum.
FTSE 250
19,591.15
16:29 25/04/24
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FTSE 350
4,432.51
16:30 25/04/24
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FTSE All-Share
4,386.10
16:34 25/04/24
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The catalogue is made up of 259 songs and his film production royalties for '8 Mile' and 'Get Rich or Die Tryin'.
Iovine started as an engineer working with John Lennon and Bruce Springsteen, before producing’s Patti Smith's critically acclaimed album 'Easter'.
He also produced Tom Petty and the Heartbreakers, Dire Straits, Stevie Nicks, U2 and The Pretenders.