BBC: Hipgnosis CEO, Merk Mercuriadis has spent $1 billion on old hits
Source: https://www.bbc.com/news/entertainment-arts-54423918 By Mark Savage BBC music reporter Did you know that the Church of England is a co-owner of Beyoncé's Single Ladies, Rihanna's Umbrella and Justin Timberlake's SexyBack? It sounds bizarre - but the church is one of hundreds of investors in a company called Hipgnosis, which, for the past three years, has been hungrily snapping up the rights to thousands of hit songs. So far, it has spent more than $1bn (£776m) on musi