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Hipgnosis Acquires 33,000 Songs From Kobalt Fund in $323 Million Deal

Hipgnosis Songs has acquired 42 catalogs, comprising more than 33,000 songs, from Kobalt Music Copyrights S.à.r.l. for a total consideration of $322.9 million. The catalogs were owned and sold by investors in Kobalt Capital Limited — which is distinct from the music company itself — and the songs will continue to be administered by Kobalt. […]

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