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Former Geffen Records president
Neil Jacobson, who founded songwriter/producer management firm Hallwood Media in 2019, has formed a new special purpose acquisition company (SPAC) called
The Music Acquisition Corporation. SPACs are shell companies that raise money in an initial public offering (IPO), then merge with a privately-held target company, making that target publicly-traded as a result.
According to an SPAC S-1 prospectus, Jacobson s new company plans to raise $200 million through an imminent IPO on the New York Stock Exchange, and will use the funds to invest in companies at the crossroads of music and technology.
Hipgnosis has acquired 100% of Bob Rock’s producer rights for Metallica’s