Merck Mercuriadis said on Tuesday he will probably be stepping down as chairman of Hipgnosis Music Administration, an organization he based.
The track rights powerhouse was based in 2018 by Mercuriadis, a former music supervisor for Elton John, Beyoncé and Weapons N’ Roses, amongst others. “Six years after founding HSM, I’ve determined that now’s the suitable time for me to step again from my function as chairman. It is a well timed alternative for me to undertake a strategic shift of focus, and to spend extra time advocating on behalf of songwriters to make sure that they’re correctly compensated for his or her work,” Mercuriadis stated in a press release.
The previous music supervisor and his firm achieved progress by buying the songs and publishing catalogs of main music artists, together with Justin Timberlake, Shakira, Michael Bublé, Metallica and Neil Younger.
In Feb. 2024, Mercuriadis stepped down because the CEO of HSM, whereas retaining the chairman publish, simply as COO Ben Katovsky was promoted to CEO, assuming company administration of the corporate.
Qasim Abbas, senior managing director at Blackstone Tactical Alternatives added in one other assertion: “On behalf of Blackstone, I want to thank Merck for his help and contribution to HSM. Merck’s dedication to songwriters and his advocacy on their behalf is second to none and we respect and can search to construct on the platform he based.”
