Barry Manilow just filed this complaint, as we reported yesterday, after Hipgnosis said it filed its complaint across the Atlantic in early August. In short, this ugly legal battle is over a bonus dispute arising from the parties’ 2020 agreement.
Intriguing on many levels—not least because of its timing—the courtroom showdown also offers interesting insight into the underlying transaction. In general, concrete details on the sale of intellectual property are few and scattered despite the subsector’s steady flow of investment.