Music Stocks Adjust to a Slower Tempo

The music industry is humming along nicely. That won’t make the hangover from rock-bottom interest rates any easier for some music stocks.

Shareholders at Hipgnosis, a London-listed song catalog fund that owns rights to tracks by Shakira, the Red Hot Chili Peppers and others, voted against giving the fund another five-year mandate at the company’s annual general meeting on Thursday.