The report found that Hipgnosis founder fell short of music industry standards

Bertelsmann-owned BMG has tabled an indicative offer for Hipgnosis Songs Fund. Rita Ora and Fatboy Slim among its roster of artists. Kylie music label BMG in rival approach for hipgnosis, Sky News learns. BMG tabled indicative offer in bid to buy Hipgnosi Songs Fund from Kylie Music Group.

Hipgnosis founder fell short of music industry standards, report finds. Boss of troubled music rights firm accused of failures in due diligence and underwriting. Music rights firm also accused of failing to meet due diligence, underwriting standards. Music industry's biggest music rights company has been in the spotlight for more than a decade.