Blackstone
Hipgnosis Buys Stake in Kenny Chesney Recording Royalties
Hipgnosis Song Management has acquired 80% of country superstar Kenny Chesney’s recorded music royalties. The deal is the first acquisition made by Hipgnosis since its new $1 billion partnership with Blackstone, announced in October, to acquire music rights and manage catalogs and is also Hipgnosis’s first deal with a country superstar. The pact covers Chesney’s recorded music royalties over a 23-year period, from 1994’s In My Wildest Dreams, his debut on Capricorn Records, through 2017’s Live in No Shoes Nation. Chesney recorded for Sony Music Nashville imprints from 1995 to 2017. The deal also includes future greatest hits, live and acoustic albums. Chesney switched to Warner Music Nashville in 2018 and the deal does not include any of his recorded music royalties for 2018’s Songs for th...
California hospitals overrun even as vaccine is rolled out
Even as high profile figures like U.S. Vice President Mike Pence rolled up their sleeves for COVID-19 vaccinations, patients already ill with the disease crowded emergency rooms and overran intensive care units in California, now a worldwide epicenter. Another 41,000 people tested positive in the most populous U.S. state on Thursday, and 300 died, state public health officials said. In a state with 40 million residents, only about 1,200 intensive care beds remained available by Friday – just 2.1% of the total, the California Department of Public Health said. “We anticipated a surge, but I’m not sure if anyone imagined it would be as bad as it has been,” said Adam Blackstone, a spokesman for the Hospital Association of Southern California. Hospitals are strained under the press of patients,...
