The company raised £200m ($265m) for its initial IPO, and has since spent the lot on publishing and songwriter catalog acquisitions. Indeed, it raised another £142m ($185m) for further acquisitions two months ago. Today, we have received an important update on exactly how this money is being spent – and how Hipgnosis is performing as a result – within the firm’s first ever annual results.
Source: Hipgnosis already owns over 5,000 songs – with another $1bn-plus of deals in its sights