Hipgnosis Songs Fund is facing an uncertain future as some 83.2% of its investors voted Thursday that a new board make major structural changes to the overextended company. Investors also rejected a proposal by its leadership to shore up its finances by selling off around $440 million of its 65,000-song catalog to a sister fund backed by Blackstone.
Source: Hipgnosis Songs Investors Vote Overwhelmingly for Reorganization, Reject $440 Million Catalog Sale