Black stone to invest $1.6 billion dollars for Shakira’s music catalog

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After moving into TV and films, Blackstone is investing $1 billion with Hipgnosis Song Management to buy rights from artists like Shakira. Streaming is growing; this is an upbeat addition to Blackstone's playlist, @jennifersaba says. https://t.co/hK0e8Td54N pic.twitter.com/CPuTNzQJ73
- Reuters Breakingviews (@Breakingviews) October 12, 2021

The private equity firm is dabbling now in music for its digital content branch, investing over $1 billion with Hipgnosis Song Management to acquire music rights and manage catalogs, most notably Shakira’s.

Streaming music is growing and there are opportunities for tunes to be used elsewhere with popular social media and games platforms such as TikTok and Roblox, as well as at-home fitness phenom Peloton Interactive, opens new tabs on using tunes that require licenses.

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