Due to the fact that the Church of England is an investor in a company called Hipgnosis. It turns out that Beyonce co-owns songs such as Single Ladies, Rihanna’s Umbrella, and Justin Timberlake’s SexyBack.
The Church of England; It has been determined that he is one of hundreds of investors in the company called Hipgnosis, which has acquired the rights to thousands of hit songs in the last three years.
So much so that Hipgnosis has spent more than $ 1 billion on more than 60 deals it has made in the last 21 months. The company recently bought the LA Reid song catalog. In this way, had a stake in Whitney Houston’s I’m Your Baby Tonight and Bobby Brown’s Don’t Be Cruel.
Because the Church of England is an investor in a company called Hipgnosis; It turned out that Beyoncé co-owns songs such as Single Ladies, Rihanna’s Umbrella and Justin Timberlake’s SexyBack.
When these songs are played on the radio or placed in a movie or television show, Hipgnosis makes money.
Thus, other investors such as Aviva, Investec and Axa, who are partners in Hipgnosis together with the Church of England, also share in this income.
“The revenues of these great and proven songs are predictable and reliable,” said Merck Mercuriadis, founder of Hipgnosis, who said that music is worth more than gold or oil.