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

[milotic2]

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
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Comments

[gimmemoarjosh]

Good! She can pay her fucking taxes, then.

[fernandocolunga]

Not to be rude but uhm
That’s an overvaluation

[ishumy]

Dónde Están Los Ladrones and Fijación Oral are worth it, can’t blame them.

Hipgnosis also owns the catalogues of artists like Timberlake, Bieber, Journey and many more, so the crazy amount makes sense. Shakira herself probably got around $400M when she sold her catalogue, but of course the amount was never disclosed.

[xbriyeon]

lmfao I misread this as Black Rock and I was like wowwwwwww she's really working the white collar crime scene

[the_wicker_man]

Yay for someone probably