RE: News12 Jan 2021 18:03
From City Wire:
In response, Hipgnosis says it simply buys music catalogues well and at a discount to their valuation, which the independent valuer, Massarsky, then recognises. However, the analysts say they would prefer a more ‘conservative’ approach in line with private equity, infrastructure and debt funds which hold newly bought assets at cost ‘until there are verifiable reasons to suggest a change is warranted.’