Barry Manilow Sues Blackstone-Backed Song Catalog Company That Owns Music Rights To Justin Bieber, Ed Sheeran, Journey And More
Portfolio Pulse from Chris Katje
Barry Manilow is suing Hipgnosis Songs Fund, a Blackstone-backed company, for $1.5 million over unpaid bonuses related to his song catalog sale. The lawsuit accuses Hipgnosis of fraud and breach of contract, while Hipgnosis countersued Manilow for breach of contract. The outcome could impact future musician contracts with song catalog companies.
September 04, 2024 | 4:35 pm
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Blackstone Inc, which owns Hipgnosis Songs Fund, is indirectly involved in a legal dispute with Barry Manilow over unpaid bonuses from a song catalog sale. The lawsuit could affect Blackstone's investment in music rights.
Blackstone owns Hipgnosis Songs Fund, which is directly involved in a legal dispute with Barry Manilow. While the lawsuit is against Hipgnosis, Blackstone's investment in the company could be affected by the legal outcome, especially if it sets a precedent for other musicians.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50