Why is Private Equity Betting Big on Film Libraries and Music Catalogues?

[ updated July 5, 2023 ]

Media outlets ranging from Bloomberg and the Financial Times to Variety and Vanity Fair have been reporting on multiple, record breaking pay outs in the hundreds of millions for film and music catalogues, once the domain of the brand-name movie studios and record labels. 

The news headlines have been appearing in rapid succession.  Recently, the vast majority of media outlets reported that Blackstone-backed Hipgnosis Songs Capital had paid a record US$200 million to...