Deals

Blackstone Unveils Music Investment Deal With Merck Mercuriadis

Deal calls for investing about $1 billion in rights to songs
Blackstone to take stake in firm started by ex-Beyonce manager

Signage is displayed outside the Blackstone Group Inc. headquarters in New York, U.S.Photographer: Mark Abramson/Bloomberg

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By Lucas Shaw and Liana Baker

October 12, 2021 at 10:50 AM UTC

This article is for subscribers only.

Blackstone Inc. is partnering with music manager Merck Mercuriadis to invest about $1 billion in acquiring music rights and song catalogs.

The alternative asset manager said it would also take an ownership stake in Hipgnosis Song Management, the firm founded and run by Mercuriadis, according to a statement that confirmed an earlier Bloomberg News report.