What's happened
Merck Mercuriadis steps down as CEO of Hipgnosis Songs Management amid tensions with the board of Hipgnosis Songs Fund.
Why it matters
The resignation of the founder and CEO of Hipgnosis Songs Management amid tensions with the board of Hipgnosis Songs Fund could have significant implications for the music royalties industry and the management of song catalogues.
What the papers say
The Times reports on the founder's resignation and the tensions with the board, while The Independent provides additional details about the strategic review process and the impact of the call option held by HSM on the value of the portfolio.
How we got here
The founder of Hipgnosis Songs Fund, Merck Mercuriadis, has been replaced as chief executive of Hipgnosis Songs Management amid tensions with the board of Hipgnosis Songs Fund.
More on these topics
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Merck Mercuriadis is a Canadian–American music industry executive and entrepreneur. He is the founder of Hipgnosis Songs Fund, a publicly-traded music IP investment company, and the founder and CEO of Hipgnosis Songs Limited, the investment advisor to t
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Hipgnosis was an English art design group based in London that specialised in creating cover art for the albums of rock musicians and bands. Notable commissions included work for Pink Floyd, T.