{"id":233392,"date":"2025-06-09T17:20:26","date_gmt":"2025-06-09T16:20:26","guid":{"rendered":"https:\/\/www.musicbusinessworldwide.com\/?p=233392"},"modified":"2025-06-09T17:25:17","modified_gmt":"2025-06-09T16:25:17","slug":"sony-acquires-company-formerly-known-as-big-deal-music-from-recognition1","status":"publish","type":"post","link":"https:\/\/www.musicbusinessworldwide.com\/sony-acquires-company-formerly-known-as-big-deal-music-from-recognition1\/","title":{"rendered":"Sony acquires company formerly known as Big Deal Music from Recognition"},"content":{"rendered":"

Sony Music Publishing has acquired Hipgnosis Songs Group LLC, p<\/strong>reviously known as Big Deal Music<\/a>, from Blackstone\u2019s Recognition Music Group, sources involved in the deal have confirmed.<\/p>\n

Big Deal Music was acquired<\/a> by Hipgnosis Songs Fund in September 2020. As well as bringing 4,400<\/strong> copyrights into Hipgnosis, that deal included the company\u2019s US publishing admin business, Words & Music.<\/p>\n

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These assets have now been acquired by SMP, including the 4,400 copyrights. They include cuts in songs recorded by Shawn Mendes, Panic! At the Disco<\/b>, and One Direction<\/b>.<\/p>\n

They also include publishing shares for current chart performers including Sabrina Carpenter<\/b>‘s Taste, Espresso, <\/i>and Feather,<\/i> alongside Ordinary<\/i> by Alex<\/b> Warren<\/b> and Lose Control <\/i>by Teddy<\/b> Swims<\/b>.<\/p>\n

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It’s been known for some time that Recognition\/Blackstone was planning to offload the Big Deal\/HSG assets.<\/p>\n

In July 2024, investment giant\u00a0Blackstone<\/strong>\u00a0<\/strong>acquired\u00a0Hipgnosis Songs Fund<\/a>\u2018s assets from HSF\u2019s then-public shareholders in a\u00a0transaction worth USD $1.584 billion.<\/a><\/p>\n

During the bidding process for HSF, Blackstone said that within six to nine months following the HSF acquisition, it may sell or restructure Hipgnosis Songs Group LLC \u2013 aka Hipgnosis\u2019 US songs administration business formerly known as Big Deal Music.<\/p>\n

Equally important in this story is what HASN’T been sold by Recognition\/Blackstone.<\/p>\n

Following the deal, Recognition continues to own and manage over 45,000<\/strong> songs and recordings from over 145 catalogs, including songs by songwriters and artists including the Red Hot Chili Peppers, Fleetwood Mac, Neil Young, Eurythmics, Justin Bieber, Shakira and Journey.<\/p>\n

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Less than a month ago, Recognition Music formed a Senior Advisory Group and appointed<\/a> Matt Spetzler<\/b> as Chairman, alongside Lisa Alter <\/b>and David H Johnson <\/b>as members.<\/p>\n

At the time, Recognition said its new Senior Advisory Group will provide \u201dstrategic counsel and guidance\u201d to the company, and will \u201csupport in its mission of enhancing the legacy and value of its song portfolio\u201d.<\/p>\n

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According to Sony Music Group\u2019s latest quarterly report<\/a>, the group\u2019s global music publishing operation \u2013 led by\u00a0Sony Music Publishing<\/b>\u00a0\u2013 generated\u00a0USD $630.9 million<\/b>\u00a0in the three months to end of March 2025. That quarterly revenue figure, at the US dollar level, was up\u00a012.9%<\/b>\u00a0year-on-year.<\/p>\n

Sony Music Publishing, run by CEO & Chairman Jon Platt<\/b>, is Sony\u2019s US-headquartered music publishing operation.<\/p>\n","protected":false},"excerpt":{"rendered":"

The deal transfers ownership of a portfolio spanning 4,400 copyrights and hit songs including Sabrina Carpenter’s Taste, Espresso, and Feather.<\/p>\n","protected":false},"author":38,"featured_media":233482,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[130673,134276,134191,129093],"class_list":["post-233392","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-blackstone","tag-hipgnosis-songs-group","tag-recognition-music-group","tag-sony-music-publishing"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/233392","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/users\/38"}],"replies":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/comments?post=233392"}],"version-history":[{"count":0,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/posts\/233392\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media\/233482"}],"wp:attachment":[{"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/media?parent=233392"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/categories?post=233392"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.musicbusinessworldwide.com\/wp-json\/wp\/v2\/tags?post=233392"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}