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Evening Standard

Business

Simon Hunt

Hipgnosis chief hits out at song owner’s fading share price

Hipgnosis Mariah Carey Barry Manilow 50 Cent

Mariah Carey takes centre stage at 2022 Macey’s Thanksgiving Day parade (Danny Lawson/PA)
(Picture: PA Archive)

The boss of 50 Cent to Barry Manilow song catalogue owner Hipgnosis has railed against the firm’s dwindling share price despite the popularity of hit songs including Mariah Carey’s festive chart-topper All I Want for Christmas is You.

The music investment business has seen its market cap sink 35% since January to £1 billion, despite owning a portfolio of over 65,000 songs with a combined market value of £2.2 billion.

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