Sony

Sony buys the old Hipgnosis catalogue: what changes for the songwriters inside it

Sony Music Publishing has closed its purchase of Recognition Music Group's 45,000-song catalogue, the former Hipgnosis portfolio, at a price reported at $3.5 billion to $4 billion. For the writers whose shares are inside it, the songs are now with their third owner, and each sale has taken them further from the people who wrote them.