GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
To provide shareholders with an attractive and growing level of income, together with the potential for capital growth, from investment in songs and associated musical intellectual property rights.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Nurseteve - I've just finished reading through the report and that is my take from it as well. Currently composers get around 10% or less of the royalties of the recording. So that means the value of SONG's revenue from the UK could go up 5 times if the recomendation is implimented in the UK.
Ask yourself: why is Merk so determined to get songwriters share of royalties increased?
Hint: - for "songwriters", read "Hipgnosis".
Article on BBC MPs call for complete reset of music streaming to ensure fair pay for artists https://www.bbc.co.uk/news/entertainment-arts-57838473 seems artists will be entitled to a 50% share of streaming revenues. Where SONG have bought the artists rights then does that mean SONG are set for increased revenue? Just a question and a good enough reason for me to invest.
Are you a shareholder?
If so, why not drop a very quick email to hipgnosis@fticonsulting.com asking why you, as a loyal shareholder, are being denied access to the Q&A for analysts via webcast at 12:00pm on July 5th?
They may not want PIs to ask awkward questions but what's the problem with us being able to watch and listen?
The more that ask the more likely they are to take notice.
"this would increase the value of SONG's catalogue and with that hopefully the revenues generated from the songs"
Just because the catalogue value increases due to competition doesn't mean revenues will increase.
Also don't think people should worry about any "dilution" effect of issuing more shares in order to buy more songs. So long as the songs are purchased at "sensible" prices then existing holders end up with a slightly smaller share of a bigger pie. This is not the same as shareholders having to stump up cash to repair a balance sheet.
Yea it’s dropped the share price to about the placing price. Seems not unsurprising
That seems to have dropped the SP
The usual Merck hype but the numbers look solid and I believe that SONG has actually set in train a fundamental change in the way music rights are valued , the growth of streaming, use as background for film and TV and now games has increased the value of music rights significantly. The problem now is that bigger players(see Pershing bid for 10% of UMG, valued at $40bill) means that acquiring additional rights will get more and more expensive, though it also means that SONG's catalogue is more valuable than the sums paid. As a long term investor I am happy to see this one tiptoe up while paying useful divi as it goes. I still think there is a good deal more exposure of this market to come and wouldn't be surprised to see a takeover offer in the medium term .
Thanks guys. My broker is HL - I'll give them a prod.
I had to chase mine up through A J Bell then it came through late yesterday afternoon.
Received mine on 28 May (on Freetrade)
Yes.
Maybe your broker is just slow?
Who is it?
Hi, I bought in here at the beginning of March - should I have qualified for the last divi (ex divi date 6th May, divi pmt date 28th May)?
Yep - and look out for big contributions from performance royalties once this year is out of the way. Just look at what is happening to concert/theatre ticket prices for shows newly announced. Increases way in excess of inflation.
In the music publishing sector, digital revenue growth is outpacing the loss of performance rights income, which bodes well for music royalty funds. Liberum Capital Markets, in a research note on the burgeoning sector that includes in the UK Hipgnosis Songs Fund Ltd (LON:SONG) and One Media IP Group PLC (LON:OMIP), said competition for assets remains fierce with several investors announcing their intention to deploy significant capital in the coming years. “We believe this will contribute to valuation gains over the medium term. Rising acquisition multiples on new acquisitions remains the key risk, but the managers of the listed funds have demonstrated an ability to access transactions,” the Liberum team said. Liberum noted that big players in the sector Hipgnosis and Round Hill have yet to publish revenue data for the first quarter but the portents are promising, based on figures recently released by the Warner Music Group that showed publishing revenues rose by 12% on a constant currency basis in the first quarter from a year earlier. Digital revenues rose by 33%, offsetting the impact on performance revenues. This was a result of continued growth in streaming and new deals with other digital providers such as TikTok and Peloton, Liberum noted. “Synchronisation revenue increased year-on-year due to growth in motion picture and commercial income. The overall 12% growth is not strictly like-for-like as acquisitions did have an impact but the company indicated that acquisitions only contributed US$11mln of the US$268mln of adjusted EBITDA [underlying earnings] generated in the quarter,” Liberum added. Universal Music Group, meanwhile, saw 6.9% organic year-on-year growth in publishing revenues in the first quarter while Sony’s publishing revenues grew by 11% in dollar terms during the quarter.
Todays news migrates SONG in to an investment trust . For those of you who didn't get it until now you need to be aware that what you own is now a long term investment in slow steady revenue generation . While the initial investment cycle is far from over and there is still a lot of music out there to be bought . Today signals the transformation of SONG into something suitable for long term investors like me rather than speculators. This share will now act like most IT's slow steady SP appreciation backed by a dividend flow. That's why I invested here and that's why I will hold/accumulate for hopefully a few years. There will be no further cash raises, funds will be generated by new IT units being sold so growth should be incremental rather than spectacular, but that's fine by me.
Good purchase of some classic tunes, well done.
Richard Rowe, great addition to the Team ;-)
Great addition to the team, expect great stuff over the coming months ;-)
GLA
Interesting item on this morning’s Today Programme, BBC R4, with MM and Bjorn Ulvaeus (who was predictably adamant that ABBA’s back catalogue is not for sale!) concerning the market for songs. This acting as a taster for a dedicated programme later this morning on Radio 4 at 11.30 am - “The Price of Song”. Hopefully worth a listen.
Great news about 1bn plays of Don't Stop Believin but judging by the lack of share movement we will all have to keep up with the sentiments in that song
I’m imagining there might be a slight drop of income which might be why the slight slide backwards. The drop of income because royalties for performances are usually paid 6-12 months after the event but a lot of Songs catalogue is older stuff that isn’t touring so might not be effected. We will be see.
In an interview recently MM said wants to be a ftse 100 company so that means roughly double the mcap
Many looking on this as a bond proxy and bond prices falling.
Not sure I agree.
Live entertainment opening up, probably in the autumn, and that's going to generate a lot of income that's been missing for the past year.
Have taken the opportunity to add a few more at these prices and will continue to do so should it become even cheaper.
Can't be long before MM starts up with the "new catalogue acquisition" RNSs again.
Disappointed that this has not moved up at all but slowly sliding backwards! I would have thought that this would be making good progress by now?