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Prices & Quotes - UK Markets - Hipgnosis Songs Fund Limited NPV (SONG)

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Share Price:
Up 121.20p
Change Today:
0.20p
Market Cap:
1,311.92m

Hipgnosis appoints industry veteran Richard Rowe as executive president

By Michele Maatouk

Date: Wednesday 03 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Hipgnosis Songs Fund said on Wednesday that it has appointed music industry veteran and Round Hill Music co-founder Richard Rowe as executive president with immediate effect.
Rowe began his career at CBS Records in 1979 as a lawyer in its business affairs department before becoming the president of Sony Music Publishing - renamed Sony ATV Music Publishing in 1995 - from 1991 to 2005. Hipgnosis said that while there, Rowe made the deal with Michael Jackson that led to Sony ATV's acquisition of The Beatles' catalogue.

He also made the acquisition of Acuff-Rose Music which included the catalogues of Roy Orbison and The Everly Brothers.

Rowe co-founded song buyer Round Hill Music in 2010.

Hipgnosis founder Merck Mercuriadis said: "Richard is one of the most important and successful executives in the music industry. He helped build Sony ATV into the company it is today and played an important role in bringing Round Hill Music Royalty Fund successfully to the market in the wake of Hipgnosis.

"Over his career he has made some incredible deals, including the famous partnership with Michael Jackson bringing The Beatles copyrights to Sony ATV and some of Round Hill Music's most important catalogues in Carlin Music, Eddie Holland and six songs by The Beatles via the Gil catalogue."

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SONG Market Data

Currency UK Pounds
Price 121.20p
Change Today 0.20p
52 Week High 126.00p
52 Week Low 103.00p
Volume 878,210
Shares Issued 1,082.44m
Market Cap 1,311.92m
Beta 0.00

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SONG Dividends

  Latest Previous
  4th Interim 3rd Interim
Ex-Div 06-May-21 28-Jan-21
Paid 28-May-21 18-Feb-21
Amount 1.31p 1.31p

Trades for 12-May-2021

Time Volume / Share Price
16:35 198,763 @ 121.20p
16:29 41 @ 121.20p
16:29 970 @ 121.20p
16:29 497 @ 121.20p
16:26 1,123 @ 121.20p

SONG Key Personnel

Chair Andrew Sutch