Merck Mercuriadis Steps Down as Chairman of Hipgnosis Song Management

Departure coincides with Blackstone's acquisition of Hipgnosis Songs Fund, marking a strategic shift for the company.

Mercuriadis exits after founding the company in 2018 and spearheading major music catalog acquisitions.
Hipgnosis faced financial challenges and shareholder unrest over the past year.
Blackstone-managed Lyra Bidco Limited will acquire Hipgnosis Songs Fund for £1.3 billion.
Mercuriadis plans to focus on advocating for fair compensation for songwriters.
He previously managed renowned artists like Elton John, Beyoncé, and Guns N’ Roses.