Mercuriadis at SXSW in 2019. Photo: Matt Winkelmeyer/Getty Images for SXSW
Hipgnosis Songs Fund, Merck Mercuriadis' U.K.-based music royalties fund, is undergoing a strategic review that could lead to the famed manager's ouster, the company said Thursday morning.
Why it matters: Hipgnosis' financial turmoil is further proof that the music rights bubble may have burst.
