Hints and tips:
...Grant Thornton and Citrin Cooperman will continue to operate independently of each other, according to people familiar with the plans....
...Citrin Cooperman’s official net asset value discounts the money a song is expected to make and works out a net present valuation....
...The trio — Moore Kingston Smith in the UK and Moore Belgium, both backed by Waterland, and New Mountain Capital-backed Citrin Cooperman in the US — posted revenue growth more than double that of Moore Global...
...In a business lacking transparent market pricing, shareholders had to make do with valuations from Citrin Cooperman, a small specialist consultancy....
...Hipgnosis’s latest woes come after its independent valuer, Citrin Cooperman, told the board it should now expect fewer payments for its US song catalogue that are owed for 2018-2022....
...Massarsky, whose Massarsky Consulting was bought by US professional services group Citrin Cooperman in 2022, has made a name for himself crunching the numbers for pop stars and record labels — Hipgnosis...
...The company’s independent portfolio valuer, Citrin Cooperman, had “materially reduced” expectations of industry-wide payments following a decision last year to recalculate the rate by the US Copyright Royalty...
...Cooperman”....
...The optimism of Citrin Cooperman, a specialist valuer, had already provoked scepticism. It had applied an unwavering, standard discount rate of 8.5 per cent to disparate music assets....
...The company statement offered no explanation as to what caused the reduction and Citrin Cooperman (which last year bought Massarsky Consulting, HSF’s portfolio valuer since its 2018 IPO) has not yet responded...
...HSF said on Monday that Citrin Cooperman, the independent valuer of HSF’s catalogue, had “materially reduced” expectations of industry-wide payments from US songs....
...HSF outsources catalogue valuation to Massarsky Consulting, owned since 2022 by Citrin Cooperman....
...Citrin Cooperman, the US agency largely responsible, did not adjust its discount rate last year despite a backdrop of rising interest rates....
...“If we were to make changes with every ripple in the market, then that would create instability in our market,” Nari Matsuura, a partner at Citrin Cooperman, which acquired Massarsky Consulting, said in...
...Hipgnosis said it hired the bond rating agency Kroll to advise on the “reasonableness of certain assumptions” used for Citrin Cooperman’s valuations....
...Here’s an interview from last month with Nari Matsuura of Citrin Cooperman, the agency that provides independent catalogue valuations for leading music rights funds including London-listed Hipgnosis and...
...Three more firms, Citrin Cooperman, Schellman and Cherry Bekaert, have followed suit with stake sales to other private equity groups....
...Yet Citrin Cooperman, the outside agency that sets the Hipgnosis valuations, has left the so-called “discount rate” — an interest rate used to calculate the catalogue’s value — unchanged for more than a...
...Nari Matsuura, a partner at Citrin Cooperman and member of Massarsky’s team, says: “We can’t change our discount rate week to week, it would be irresponsible....
...Cooperman....
...He had been prosecuted after alerting shareholders to a fraud at Equity Funding Corporation of America, an insurance company....
...Leon Cooperman, chief executive of Omega Advisors, who is facing civil insider trading charges from the Securities and Exchange Commission, has told investors that prosecutors were waiting for the Salman...
...In terms painted with the broadest brush: companies, and not countries, are where opportunities may now lie....
...Equities were the place to be, Mr Cooperman said in a February interview....
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