Hipgnosis Delays Financial Results Amid Valuation Concerns

The company, owning rights to songs from artists like Justin Bieber and Beyoncé, faces controversy as it postpones its interim results until December 31.

Hipgnosis Songs Fund has delayed the publication of its interim financial results due to concerns over the valuation of its song catalogs.
The company's independent valuation was 'materially higher' than the valuation implied by recent transactions and proposed sales.
Hipgnosis owns the rights to songs from artists such as Justin Bieber, Neil Young, Bruno Mars, and Beyoncé.
The company has been in controversy recently, with investors demanding structural changes and the company announcing it will not declare dividends before the new fiscal year.
The company's half-year results are now expected to be published by December 31.