Hipgnosis Song Management founder Merck Mercuriadis steps down as chairman after acquisition by Blackstone.

Founder of Hipgnosis Song Management, Merck Mercuriadis, plans to step down as chairman following the acquisition of the company by private equity giant Blackstone. Mercuriadis will leave upon completion of the proposed acquisition by Lyra Bidco Ltd, owned by Blackstone-managed funds. He aims to focus on advocating for songwriters and ensuring they receive fair compensation for their work.