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Former Geffen Records president Neil Jacobson, who founded songwriter/producer management firm Hallwood Media in 2019, has formed a new special purpose acquisition company (SPAC) called The Music Acquisition Corporation. SPACs are shell companies that raise money in an initial public offering (IPO), then merge with a privately-held target company, making that target publicly-traded as a result. According to an SPAC S-1 prospectus, Jacobson s new company plans to raise $200 million through an imminent IPO on the New York Stock Exchange, and will use the funds to invest in companies at the crossroads of music and technology. Hipgnosis has acquired 100% of Bob Rock’s producer rights for Metallica’s ....
Ella Fitzgerald Elsewhere, Hipgnosis acquired 100% of Bob Rock’s producer rights for Metallica’s biggest album and Ingrooves has picked up a music distributor in South Africa. Downtown Neighbouring Rights, which was established last June, has struck a deal to represent the estate of Ella Fitzgerald for performance royalty collections outside the U.S. The deal covers Fitzgerald’s entire repertoire, including classics such as “Dream a Little Dream of Me”, “Cheek to Cheek“, “Into Each Life Some Rain Must Fall” and “It Don’t Mean a Thing (If It Ain’t Got That Swing).” One of the most legendary female jazz singers in history, Fitzgerald recorded songs written by composers and lyricists such as Cole Porter, Duke Ellington, George & Ira Gershwin, Johnny Mercer, Irving Berlin and Rodgers & Hart. She is additionally known for her many duets with Louis Armstrong. Over the course of her career, she won 13 Grammys, the National Medal of Arts, the Presiden ....