UK company bought rights to songs by Neil Young, Fleetwood Mac, Blondie and Barry Manilow last year
Hipgnosis, which owns the rights to 65,000 songs by artists from Neil Young to Beyoncé, has raised its dividend as it expects the pandemic-fuelled streaming boom to continue as listening increases on digital services such as TikTok and Peloton.
The London-listed company, which makes money every time one of the songs to which it owns the rights are played, almost doubled revenues from $82m to $160m in the year to the end of March.
