Overview

• Hipgnosis Songs Fund has delayed the publication of its interim financial results due to concerns over the valuation of its song catalogs.
• The company's independent valuation was 'materially higher' than the valuation implied by recent transactions and proposed sales.
• Hipgnosis owns the rights to songs from artists such as Justin Bieber, Neil Young, Bruno Mars, and Beyoncé.
• The company has been in controversy recently, with investors demanding structural changes and the company announcing it will not declare dividends before the new fiscal year.
• The company's half-year results are now expected to be published by December 31.