Ahead of next week's continuation vote, the London-listed fund's board says it explored firing its investment advisor, run by fund founder Merck Mercuriadis.
The London-listed trust founded by Merck Mercuriadis withdraws its October payment to investors because of lower estimates on income from the Copyright Royalty Board's Phonorecords III decision
A former A&R says MacPherson assaulted her in 2005 while serving as president of music publisher Chrysalis, and then blacklisted her when she reported it.
Young’s on-demand audio streams are down a third since he left Spotify, which means he's missing out on about $16,000 in royalties each month.
Shareholders will meet on Oct. 26 to vote on a proposed $440 million asset sale and whether to keep the fund going under Merck Mercuriadis' advisory.
Along with bolstering its sagging share price, the sale is aimed at convincing investors to back the fund for five more years.
That includes 29 catalogs worth $440 million that the London-listed fund's board has agreed to sell to the Blackstone-backed Hipgnosis Songs Capital.
The publicly traded fund's gross revenue declined during the year ending in March based on one-time costs and a tough year-ago comparison.
Chief music officer, global head of sync, others leave as the music investment company explores selling some assets ahead of a shareholder confidence vote.
Stewart and Hipgnosis had been in negotiation for a catalog deal for the last two years, according to a representative for the singer.
