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19300 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Judy Giordan, president of the American Chemical Society, said she was thrilled at this year’s winners.
“What we care about a lot in chemistry is being able to make and tailor novel structures and architectures to solve problems that help people and the planet,” Giordan said.
Rigoberto Advincula, a materials chemist at Oak Ridge National Laboratory in Tennessee, said the work helped bridge the fields of physics and chemistry, adding: “This technology is very easy to reproduce — that’s why it became so popular and so widespread.”
Today quantum dots are commonly used in electronics displays and biomedical imaging. The florescent quality of the particles allows researchers to track how drugs are delivered within the human body, as well as to study the precise location and growth of a tumor, for example.WERE THE WINNERS ANNOUNCED PREMATURELY?
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates. |
19301 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“What we care about a lot in chemistry is being able to make and tailor novel structures and architectures to solve problems that help people and the planet,” Giordan said.
Rigoberto Advincula, a materials chemist at Oak Ridge National Laboratory in Tennessee, said the work helped bridge the fields of physics and chemistry, adding: “This technology is very easy to reproduce — that’s why it became so popular and so widespread.”
Today quantum dots are commonly used in electronics displays and biomedical imaging. The florescent quality of the particles allows researchers to track how drugs are delivered within the human body, as well as to study the precise location and growth of a tumor, for example.WERE THE WINNERS ANNOUNCED PREMATURELY?
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates.
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance. |
19302 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
The florescent quality of the particles allows researchers to track how drugs are delivered within the human body, as well as to study the precise location and growth of a tumor, for example.WERE THE WINNERS ANNOUNCED PREMATURELY?
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates.
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance.
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. |
19303 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
The florescent quality of the particles allows researchers to track how drugs are delivered within the human body, as well as to study the precise location and growth of a tumor, for example.WERE THE WINNERS ANNOUNCED PREMATURELY?
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates.
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance.
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world. |
19304 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates.
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance.
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. |
19305 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Swedish media reported hours before Wednesday’s announcement that the Royal Swedish Academy of Sciences had sent out a news release that identified Bawendi, Brus and Ekimov as the latest Nobel laureates.
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance.
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT? |
19306 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Public broadcaster SVT said the release said they were receiving the prize for the “discovery and synthesis of quantum dots.”
After officially announcing the three winners, Secretary-General Hans Ellegren said the Swedish academy would investigate how the information got out in advance.
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy. |
19307 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“There was a press release sent out for still unknown reasons. We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots. |
19308 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. |
19309 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
We have been very active this morning to find out exactly what happened,” he said. “This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? |
19310 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“This is very unfortunate and we deeply regret what happened.”
The academy, which awards the physics, chemistry and economics prizes, asks for nominations a year in advance from thousands of university professors and other scholars around the world.
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said. |
19311 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
A committee for each prize then discusses candidates in a series of meetings before presenting one or more proposals to the full academy for a vote. The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him. |
19312 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
The deliberations, including the names of nominees other than the winners, are kept confidential for 50 years.HOW DID THE WINNERS REACT?
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. |
19313 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m. |
19314 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Bawendi told the news conference he was “very surprised, sleepy, shocked, unexpected and very honored.”
Asked about the leak, he said he didn’t know he’d been made a Nobel laureate until he was called by the academy.
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said. |
19315 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. |
19316 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Bawendi said he was not thinking about the possible applications of his work when he started researching quantum dots.
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said. |
19317 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“The motivation really is the basic science. A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. |
19318 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
A basic understanding, the curiosity of how does the world work? And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. |
19319 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
And that’s what drives scientists and academic scientists to do what they do,” he said.
Brus, a professor emeritus at Columbia, said he didn’t pick up the phone when the early morning call came from the Swedish academy to notify him.
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. |
19320 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically,” he told The Associated Press. He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass. |
19321 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
He finally saw the news online when he got up around 6 a.m.
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. |
19322 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“I certainly was not expecting this,” Brus said.
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981. |
19323 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
Brus said he was glad to see recognition for the area of chemistry he practices. The practical applications of quantum dots, like creating the colors in flatscreen TVs, are something he was hoping for when he started the work decades ago, he said.
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons. |
19324 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“Basic research is extremely hard to predict exactly how it’s going to work out,” Brus said. “It’s more for the knowledge base than it is for the actual materials. But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19. |
19325 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
But in this case, it’s both.”
Ekimov is the former chief scientist at Nanocrystals Technology, a company based in New York where he started working in 1999. The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19.
The prizes in literature, peace and economics follow, with one announcement every weekday until Monday. |
19326 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19.
The prizes in literature, peace and economics follow, with one announcement every weekday until Monday.
The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel. |
19327 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
The Swedish academy credited him with demonstrating in the early 1980s that the size of copper chloride nanoparticles affected the colors in glass.
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19.
The prizes in literature, peace and economics follow, with one announcement every weekday until Monday.
The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel.
___
Larson reported from Washington. |
19328 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19.
The prizes in literature, peace and economics follow, with one announcement every weekday until Monday.
The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel.
___
Larson reported from Washington. Ngowi reported from Cambridge, Massachusetts. |
19329 | Nobel Prize winner shocked by early morning phone call from Sweden: 'It was ringing during the night, but I didn’t answer it because I’m trying to get some sleep, basically'
“It was really nice that we got it after 40 years of work,” Ekimov told the AP. His first publication on the topic was in 1981.
On Tuesday, the physics prize went to French-Swedish physicist Anne L’Huillier, French scientist Pierre Agostini and Hungarian-born Ferenc Krausz for producing the first split-second glimpse into the super-fast world of spinning electrons.
On Monday, Hungarian-American Katalin Karikó and American Drew Weissman won the Nobel Prize in medicine for discoveries that enabled the creation of mRNA vaccines against COVID-19.
The prizes in literature, peace and economics follow, with one announcement every weekday until Monday.
The Nobel Prizes carry a cash award of 11 million Swedish kronor ($1 million) from a bequest left by the prize’s creator, Swedish inventor Alfred Nobel.
___
Larson reported from Washington. Ngowi reported from Cambridge, Massachusetts. Mike Corder in The Hague, Netherlands, Maddie Burakoff in New York and Shelby Lum in New York contributed. |
19330 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
WHAT’S HAPPENED?
MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. MBW Explains is supported by JKBX , a technology platform that offers consumers access to music royalties as an asset class.
The drama at Hipgnosis Songs Fund isn’t letting up for the Holidays, it seems.
This morning (December 19), the company’s board – now led by Chairman, Rob Naylor – issued a statement announcing that HSF would no longer, as previously expected, be issuing its latest financial results today.
Instead, the results (covering the six months to end of September 2023) are now expected to be published sometime before the close of December 31.
The reason for the delay? |
19331 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
WHAT’S HAPPENED?
MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. MBW Explains is supported by JKBX , a technology platform that offers consumers access to music royalties as an asset class.
The drama at Hipgnosis Songs Fund isn’t letting up for the Holidays, it seems.
This morning (December 19), the company’s board – now led by Chairman, Rob Naylor – issued a statement announcing that HSF would no longer, as previously expected, be issuing its latest financial results today.
Instead, the results (covering the six months to end of September 2023) are now expected to be published sometime before the close of December 31.
The reason for the delay? According to UK-listed HSF, it’s all to do with a recently-updated company valuation from HSF’s official independent valuer, US-headquartered Citrin Cooperman (CC). |
19332 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
MBW Explains is a series of analytical features in which we explore the context behind major music industry talking points – and suggest what might happen next. MBW Explains is supported by JKBX , a technology platform that offers consumers access to music royalties as an asset class.
The drama at Hipgnosis Songs Fund isn’t letting up for the Holidays, it seems.
This morning (December 19), the company’s board – now led by Chairman, Rob Naylor – issued a statement announcing that HSF would no longer, as previously expected, be issuing its latest financial results today.
Instead, the results (covering the six months to end of September 2023) are now expected to be published sometime before the close of December 31.
The reason for the delay? According to UK-listed HSF, it’s all to do with a recently-updated company valuation from HSF’s official independent valuer, US-headquartered Citrin Cooperman (CC).
The HSF board says this valuation from CC was “materially higher than the valuation implied by proposed and recent transactions in the sector”. |
19333 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
MBW Explains is supported by JKBX , a technology platform that offers consumers access to music royalties as an asset class.
The drama at Hipgnosis Songs Fund isn’t letting up for the Holidays, it seems.
This morning (December 19), the company’s board – now led by Chairman, Rob Naylor – issued a statement announcing that HSF would no longer, as previously expected, be issuing its latest financial results today.
Instead, the results (covering the six months to end of September 2023) are now expected to be published sometime before the close of December 31.
The reason for the delay? According to UK-listed HSF, it’s all to do with a recently-updated company valuation from HSF’s official independent valuer, US-headquartered Citrin Cooperman (CC).
The HSF board says this valuation from CC was “materially higher than the valuation implied by proposed and recent transactions in the sector”.
HSF’s board particularly points to two transactions/would-be transactions as evidence:
The proposed sale earlier this year of assets to Blackstone-backed Hipgnosis Songs Capital for USD $440 million (pre-costs) – or $417.5 million (post-costs) – a proposal that was ultimately rejected by HSF shareholders; The sale of 20,000 “non-core” songs from HSF’s portfolio to an unnamed buyer (possibly Kobalt Music Group) for $23.1 million, as announced on December 11. |
19334 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
The reason for the delay? According to UK-listed HSF, it’s all to do with a recently-updated company valuation from HSF’s official independent valuer, US-headquartered Citrin Cooperman (CC).
The HSF board says this valuation from CC was “materially higher than the valuation implied by proposed and recent transactions in the sector”.
HSF’s board particularly points to two transactions/would-be transactions as evidence:
The proposed sale earlier this year of assets to Blackstone-backed Hipgnosis Songs Capital for USD $440 million (pre-costs) – or $417.5 million (post-costs) – a proposal that was ultimately rejected by HSF shareholders; The sale of 20,000 “non-core” songs from HSF’s portfolio to an unnamed buyer (possibly Kobalt Music Group) for $23.1 million, as announced on December 11. That price, according to HSF’s board, represented a 14.2% discount on Citrin Cooperman’s valuation of this portfolio as of September 30 (something we’ll come back to). |
19335 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
The HSF board says this valuation from CC was “materially higher than the valuation implied by proposed and recent transactions in the sector”.
HSF’s board particularly points to two transactions/would-be transactions as evidence:
The proposed sale earlier this year of assets to Blackstone-backed Hipgnosis Songs Capital for USD $440 million (pre-costs) – or $417.5 million (post-costs) – a proposal that was ultimately rejected by HSF shareholders; The sale of 20,000 “non-core” songs from HSF’s portfolio to an unnamed buyer (possibly Kobalt Music Group) for $23.1 million, as announced on December 11. That price, according to HSF’s board, represented a 14.2% discount on Citrin Cooperman’s valuation of this portfolio as of September 30 (something we’ll come back to).
As part of its announcement this morning, the HSF board took something of a swipe at its investment adviser, Merck Mercuriadis‘ Hipgnosis Song Management. |
19336 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
HSF’s board particularly points to two transactions/would-be transactions as evidence:
The proposed sale earlier this year of assets to Blackstone-backed Hipgnosis Songs Capital for USD $440 million (pre-costs) – or $417.5 million (post-costs) – a proposal that was ultimately rejected by HSF shareholders; The sale of 20,000 “non-core” songs from HSF’s portfolio to an unnamed buyer (possibly Kobalt Music Group) for $23.1 million, as announced on December 11. That price, according to HSF’s board, represented a 14.2% discount on Citrin Cooperman’s valuation of this portfolio as of September 30 (something we’ll come back to).
As part of its announcement this morning, the HSF board took something of a swipe at its investment adviser, Merck Mercuriadis‘ Hipgnosis Song Management.
After seeing Citrin Cooperman’s latest valuation and believing it to be too high, said HSF, it then “sought advice from Hipgnosis Song Management… which is majority owned by funds managed and/or advised by Blackstone, on their opinion on the independent valuer’s valuation.”
HSF’s board added: “Hipgnosis Song Management… eventually provided an opinion, which was heavily caveated, such that the Board has concerns as to the valuation of the Company’s assets in its interim results.”
In response, Hipgnosis Song Management issued its own statement today: “Hipgnosis Song Management has fulfilled its duties to [HSF] with respect to both the independent valuation and preparation of the interim results in a timely and efficient manner. |
19337 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
As part of its announcement this morning, the HSF board took something of a swipe at its investment adviser, Merck Mercuriadis‘ Hipgnosis Song Management.
After seeing Citrin Cooperman’s latest valuation and believing it to be too high, said HSF, it then “sought advice from Hipgnosis Song Management… which is majority owned by funds managed and/or advised by Blackstone, on their opinion on the independent valuer’s valuation.”
HSF’s board added: “Hipgnosis Song Management… eventually provided an opinion, which was heavily caveated, such that the Board has concerns as to the valuation of the Company’s assets in its interim results.”
In response, Hipgnosis Song Management issued its own statement today: “Hipgnosis Song Management has fulfilled its duties to [HSF] with respect to both the independent valuation and preparation of the interim results in a timely and efficient manner.
“Notwithstanding the Board’s decision to delay publication of the interim financial statements, [we] will continue to work in a constructive manner to support the interests of the Company and its shareholders.”
The oddest thing about all of this? |
19338 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
After seeing Citrin Cooperman’s latest valuation and believing it to be too high, said HSF, it then “sought advice from Hipgnosis Song Management… which is majority owned by funds managed and/or advised by Blackstone, on their opinion on the independent valuer’s valuation.”
HSF’s board added: “Hipgnosis Song Management… eventually provided an opinion, which was heavily caveated, such that the Board has concerns as to the valuation of the Company’s assets in its interim results.”
In response, Hipgnosis Song Management issued its own statement today: “Hipgnosis Song Management has fulfilled its duties to [HSF] with respect to both the independent valuation and preparation of the interim results in a timely and efficient manner.
“Notwithstanding the Board’s decision to delay publication of the interim financial statements, [we] will continue to work in a constructive manner to support the interests of the Company and its shareholders.”
The oddest thing about all of this? Citrin Cooperman’s valuation of Hipgnosis Songs Fund is, according to HSF’s own company documentation, appointed and overseen… by the HSF board. |
19339 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“Notwithstanding the Board’s decision to delay publication of the interim financial statements, [we] will continue to work in a constructive manner to support the interests of the Company and its shareholders.”
The oddest thing about all of this? Citrin Cooperman’s valuation of Hipgnosis Songs Fund is, according to HSF’s own company documentation, appointed and overseen… by the HSF board.
See this line, in every annual and interim report from HSF so far (bolding MBW’s own): “Portfolio Independent Valuer… Citrin Cooperman Advisors LLC, formerly Massarsky Consulting, Inc., [is] appointed by the Board to independently value the Company’s Catalogues within the Portfolio.”
Not to mention this line in various HSF company reports to date: “The [HSF] Board is ultimately and solely responsible for overseeing the valuation of the Company’s investments in music catalogues and has appointed [Citrin Cooperman] to perform this specialist work.”
WHAT’S really going on? |
19340 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Citrin Cooperman’s valuation of Hipgnosis Songs Fund is, according to HSF’s own company documentation, appointed and overseen… by the HSF board.
See this line, in every annual and interim report from HSF so far (bolding MBW’s own): “Portfolio Independent Valuer… Citrin Cooperman Advisors LLC, formerly Massarsky Consulting, Inc., [is] appointed by the Board to independently value the Company’s Catalogues within the Portfolio.”
Not to mention this line in various HSF company reports to date: “The [HSF] Board is ultimately and solely responsible for overseeing the valuation of the Company’s investments in music catalogues and has appointed [Citrin Cooperman] to perform this specialist work.”
WHAT’S really going on?
It’s a fair bet that Hipgnosis Songs Fund’s board – which last week appointed activist investor Christopher Mills as a non-exec Director – is making something of a ‘hidden’ statement to shareholders with today’s announcement. |
19341 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
See this line, in every annual and interim report from HSF so far (bolding MBW’s own): “Portfolio Independent Valuer… Citrin Cooperman Advisors LLC, formerly Massarsky Consulting, Inc., [is] appointed by the Board to independently value the Company’s Catalogues within the Portfolio.”
Not to mention this line in various HSF company reports to date: “The [HSF] Board is ultimately and solely responsible for overseeing the valuation of the Company’s investments in music catalogues and has appointed [Citrin Cooperman] to perform this specialist work.”
WHAT’S really going on?
It’s a fair bet that Hipgnosis Songs Fund’s board – which last week appointed activist investor Christopher Mills as a non-exec Director – is making something of a ‘hidden’ statement to shareholders with today’s announcement.
It may be a coded attempt by HSF’s board to gnash teeth towards HSM/Mercuriadis’ ‘call option’ – which, as MBW has pointed out before, leaves the exec with the exclusive power to sweep in and acquire HSF’s portfolio under several different circumstances. |
19342 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
It’s a fair bet that Hipgnosis Songs Fund’s board – which last week appointed activist investor Christopher Mills as a non-exec Director – is making something of a ‘hidden’ statement to shareholders with today’s announcement.
It may be a coded attempt by HSF’s board to gnash teeth towards HSM/Mercuriadis’ ‘call option’ – which, as MBW has pointed out before, leaves the exec with the exclusive power to sweep in and acquire HSF’s portfolio under several different circumstances.
There are a few clues in HSF’s latest public statement to this end, perhaps including its rare – not to mention conspicuous – mention of HSM being “majority-owned by funds managed and/or advised by Blackstone“. |
19343 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
It’s a fair bet that Hipgnosis Songs Fund’s board – which last week appointed activist investor Christopher Mills as a non-exec Director – is making something of a ‘hidden’ statement to shareholders with today’s announcement.
It may be a coded attempt by HSF’s board to gnash teeth towards HSM/Mercuriadis’ ‘call option’ – which, as MBW has pointed out before, leaves the exec with the exclusive power to sweep in and acquire HSF’s portfolio under several different circumstances.
There are a few clues in HSF’s latest public statement to this end, perhaps including its rare – not to mention conspicuous – mention of HSM being “majority-owned by funds managed and/or advised by Blackstone“.
In addition, today’s statement is also a clear signal from the HSF board that it has understandable concerns over the now-infamous ‘discount rate’ used by Citrin Cooperman to value HSF’s portfolio (as MBW covered in depth through here). |
19344 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
It may be a coded attempt by HSF’s board to gnash teeth towards HSM/Mercuriadis’ ‘call option’ – which, as MBW has pointed out before, leaves the exec with the exclusive power to sweep in and acquire HSF’s portfolio under several different circumstances.
There are a few clues in HSF’s latest public statement to this end, perhaps including its rare – not to mention conspicuous – mention of HSM being “majority-owned by funds managed and/or advised by Blackstone“.
In addition, today’s statement is also a clear signal from the HSF board that it has understandable concerns over the now-infamous ‘discount rate’ used by Citrin Cooperman to value HSF’s portfolio (as MBW covered in depth through here).
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%. |
19345 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
There are a few clues in HSF’s latest public statement to this end, perhaps including its rare – not to mention conspicuous – mention of HSM being “majority-owned by funds managed and/or advised by Blackstone“.
In addition, today’s statement is also a clear signal from the HSF board that it has understandable concerns over the now-infamous ‘discount rate’ used by Citrin Cooperman to value HSF’s portfolio (as MBW covered in depth through here).
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%.
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall. |
19346 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
There are a few clues in HSF’s latest public statement to this end, perhaps including its rare – not to mention conspicuous – mention of HSM being “majority-owned by funds managed and/or advised by Blackstone“.
In addition, today’s statement is also a clear signal from the HSF board that it has understandable concerns over the now-infamous ‘discount rate’ used by Citrin Cooperman to value HSF’s portfolio (as MBW covered in depth through here).
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%.
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days. |
19347 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
In addition, today’s statement is also a clear signal from the HSF board that it has understandable concerns over the now-infamous ‘discount rate’ used by Citrin Cooperman to value HSF’s portfolio (as MBW covered in depth through here).
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%.
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days.
We know this because, as mentioned, on December 11, HSF announced that the $23.1 million price of an agreed HSF ‘non-core’ asset sale represented a 14.2% discount vs. |
19348 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%.
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days.
We know this because, as mentioned, on December 11, HSF announced that the $23.1 million price of an agreed HSF ‘non-core’ asset sale represented a 14.2% discount vs. Citrin Cooperman’s latest valuation of the portfolio (i.e. the HSF board had seen this latest valuation). |
19349 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Citrin Cooperman continues to stick to an 8.5% discount rate in its valuations, despite interest rate rises over the past 12-18 months – and has long refused to move this 8.5% figure upwards to, say, 9% or 9.5%.
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days.
We know this because, as mentioned, on December 11, HSF announced that the $23.1 million price of an agreed HSF ‘non-core’ asset sale represented a 14.2% discount vs. Citrin Cooperman’s latest valuation of the portfolio (i.e. the HSF board had seen this latest valuation).
Yet it took until today (December 19) for HSF to alert its investors to its dissatisfaction with this valuation. |
19350 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days.
We know this because, as mentioned, on December 11, HSF announced that the $23.1 million price of an agreed HSF ‘non-core’ asset sale represented a 14.2% discount vs. Citrin Cooperman’s latest valuation of the portfolio (i.e. the HSF board had seen this latest valuation).
Yet it took until today (December 19) for HSF to alert its investors to its dissatisfaction with this valuation.
WHAT does JP Morgan make of it all?
One of the closest watchers of Hipgnosis Songs Fund in recent years has been JP Morgan and its analyst Christopher Brown. |
19351 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
If Citrin Cooperman ever did raise this discount rate, the independent valuation of Hipgnosis Songs Fund’s portfolio would, in turn, instantly fall.
Worth remembering: The HSF board has known about Citrin Cooperman’s latest valuation (as of September 30) for at least the past eight days.
We know this because, as mentioned, on December 11, HSF announced that the $23.1 million price of an agreed HSF ‘non-core’ asset sale represented a 14.2% discount vs. Citrin Cooperman’s latest valuation of the portfolio (i.e. the HSF board had seen this latest valuation).
Yet it took until today (December 19) for HSF to alert its investors to its dissatisfaction with this valuation.
WHAT does JP Morgan make of it all?
One of the closest watchers of Hipgnosis Songs Fund in recent years has been JP Morgan and its analyst Christopher Brown.
In a rather damning note issued today covering the delay in the publication of HSF’s results, Brown wrote: “This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.”
Brown added that he was “surprised” to see that a second valuation expert had not been drafted in to value the HSF portfolio for the latest interim results, especially as Kroll was appointed to consider the “reasonableness” of Citrin Cooperman’s assumptions for HSF’s previous set of results (to end of March 2023). |
19352 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
the HSF board had seen this latest valuation).
Yet it took until today (December 19) for HSF to alert its investors to its dissatisfaction with this valuation.
WHAT does JP Morgan make of it all?
One of the closest watchers of Hipgnosis Songs Fund in recent years has been JP Morgan and its analyst Christopher Brown.
In a rather damning note issued today covering the delay in the publication of HSF’s results, Brown wrote: “This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.”
Brown added that he was “surprised” to see that a second valuation expert had not been drafted in to value the HSF portfolio for the latest interim results, especially as Kroll was appointed to consider the “reasonableness” of Citrin Cooperman’s assumptions for HSF’s previous set of results (to end of March 2023).
Added Brown: “We think the easiest solution now for the [HSF] Board is to apply an additional discount rate to the [Citrin Cooperman] valuation to reflect current market uncertainty, on the basis that it is probably too late to employ another valuer.”
Brown noted that a 0.5% rise in Citrin Cooperman’s discount rate (i.e. |
19353 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Added Brown: “We think the easiest solution now for the [HSF] Board is to apply an additional discount rate to the [Citrin Cooperman] valuation to reflect current market uncertainty, on the basis that it is probably too late to employ another valuer.”
Brown noted that a 0.5% rise in Citrin Cooperman’s discount rate (i.e. raising it from 8.5% to 9.0%) would “reduce the fair value of the [HSF] portfolio by 7.9%, which on a leveraged basis is [approximately a] 10% reduction in NAV [Net Asset Value]”.
Should HSF’s board go down this route, he noted, he expected “the [HSF] shares to weaken… given that this represents another ‘unforced error’”. |
19354 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Added Brown: “We think the easiest solution now for the [HSF] Board is to apply an additional discount rate to the [Citrin Cooperman] valuation to reflect current market uncertainty, on the basis that it is probably too late to employ another valuer.”
Brown noted that a 0.5% rise in Citrin Cooperman’s discount rate (i.e. raising it from 8.5% to 9.0%) would “reduce the fair value of the [HSF] portfolio by 7.9%, which on a leveraged basis is [approximately a] 10% reduction in NAV [Net Asset Value]”.
Should HSF’s board go down this route, he noted, he expected “the [HSF] shares to weaken… given that this represents another ‘unforced error’”.
“This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.” Christopher Brown, JP Morgan, on the HSF board statement today (December 19)
In addition, Brown expressed his surprise that HSF asked HSM to “opine on the valuation given [HSM’s] conflict of interest”. |
19355 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
raising it from 8.5% to 9.0%) would “reduce the fair value of the [HSF] portfolio by 7.9%, which on a leveraged basis is [approximately a] 10% reduction in NAV [Net Asset Value]”.
Should HSF’s board go down this route, he noted, he expected “the [HSF] shares to weaken… given that this represents another ‘unforced error’”.
“This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.” Christopher Brown, JP Morgan, on the HSF board statement today (December 19)
In addition, Brown expressed his surprise that HSF asked HSM to “opine on the valuation given [HSM’s] conflict of interest”.
His point: If HSM turned around and said, “yep, HSF’s valuation is 25% too high, better bring it down”, then it would produce a new valuation for HSF that may allow Blackstone (or the Blackstone-controlled Hipgnosis Song Capital) to launch an acquisition bid for the HSF portfolio. |
19356 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Should HSF’s board go down this route, he noted, he expected “the [HSF] shares to weaken… given that this represents another ‘unforced error’”.
“This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.” Christopher Brown, JP Morgan, on the HSF board statement today (December 19)
In addition, Brown expressed his surprise that HSF asked HSM to “opine on the valuation given [HSM’s] conflict of interest”.
His point: If HSM turned around and said, “yep, HSF’s valuation is 25% too high, better bring it down”, then it would produce a new valuation for HSF that may allow Blackstone (or the Blackstone-controlled Hipgnosis Song Capital) to launch an acquisition bid for the HSF portfolio. (Or, at least, a part of that portfolio.) |
19357 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“This is an early blow to the credibility of the new [Hipgnosis Songs Fund] Board, and casts further doubt over the credibility of the independent valuer, Citrin Cooperman.” Christopher Brown, JP Morgan, on the HSF board statement today (December 19)
In addition, Brown expressed his surprise that HSF asked HSM to “opine on the valuation given [HSM’s] conflict of interest”.
His point: If HSM turned around and said, “yep, HSF’s valuation is 25% too high, better bring it down”, then it would produce a new valuation for HSF that may allow Blackstone (or the Blackstone-controlled Hipgnosis Song Capital) to launch an acquisition bid for the HSF portfolio. (Or, at least, a part of that portfolio.)
The likely price for this hypothetical Blackstone bid would be smaller than the failed $440 million ($418.5 million post-costs) bid that HSC (via HSM) made for a chunk of the HSF portfolio earlier this year. |
19358 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
His point: If HSM turned around and said, “yep, HSF’s valuation is 25% too high, better bring it down”, then it would produce a new valuation for HSF that may allow Blackstone (or the Blackstone-controlled Hipgnosis Song Capital) to launch an acquisition bid for the HSF portfolio. (Or, at least, a part of that portfolio.)
The likely price for this hypothetical Blackstone bid would be smaller than the failed $440 million ($418.5 million post-costs) bid that HSC (via HSM) made for a chunk of the HSF portfolio earlier this year.
“[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].” Christopher Brown, JP Morgan
Concluded Brown: “[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management]. |
19359 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
(Or, at least, a part of that portfolio.)
The likely price for this hypothetical Blackstone bid would be smaller than the failed $440 million ($418.5 million post-costs) bid that HSC (via HSM) made for a chunk of the HSF portfolio earlier this year.
“[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].” Christopher Brown, JP Morgan
Concluded Brown: “[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].
“Our view is that a breakdown in the relationship between Board and manager would not be optimal for maximising shareholder value.”
Brown further noted that JP Morgan would “not be surprised to see Citrin Cooperman resign, having been very publicly undermined by the [HSF] Board today”. |
19360 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].” Christopher Brown, JP Morgan
Concluded Brown: “[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].
“Our view is that a breakdown in the relationship between Board and manager would not be optimal for maximising shareholder value.”
Brown further noted that JP Morgan would “not be surprised to see Citrin Cooperman resign, having been very publicly undermined by the [HSF] Board today”.
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”. |
19361 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].” Christopher Brown, JP Morgan
Concluded Brown: “[It] is up to the [Hipgnosis Songs Fund] Board to satisfy itself that the independent valuer, whom it hires, is up to the job, rather than try and pin the blame on [Hipgnosis Songs Management].
“Our view is that a breakdown in the relationship between Board and manager would not be optimal for maximising shareholder value.”
Brown further noted that JP Morgan would “not be surprised to see Citrin Cooperman resign, having been very publicly undermined by the [HSF] Board today”.
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”.
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis. |
19362 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“Our view is that a breakdown in the relationship between Board and manager would not be optimal for maximising shareholder value.”
Brown further noted that JP Morgan would “not be surprised to see Citrin Cooperman resign, having been very publicly undermined by the [HSF] Board today”.
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”.
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights. |
19363 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
“Our view is that a breakdown in the relationship between Board and manager would not be optimal for maximising shareholder value.”
Brown further noted that JP Morgan would “not be surprised to see Citrin Cooperman resign, having been very publicly undermined by the [HSF] Board today”.
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”.
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. |
19364 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”.
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? |
19365 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
JP Morgan retained its ‘overweight’ rating against HSF’s share price “in spite of yet another [HSF] own goal”.
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. |
19366 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it? |
19367 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
A Final thought…
As mentioned in the opening sentence of this article, there is plenty of drama surrounding HSF right now – from the ‘discontinuation vote’ we saw at the company in October, through to a recent lawsuit launched against Hipgnosis Songs Fund by a former business partner of Merck Mercuriadis.
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30. |
19368 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. |
19369 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Yet, amongst all of the noise, what will likely most interest HSF’s investors (including the likes of Investec Wealth & Investment, Aviva Investors, and BlackRock) is the ongoing underlying commercial performance of the firm’s copyrights.
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. the previous year’s equivalent period. |
19370 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. the previous year’s equivalent period.
In the meantime, back in the ‘real world’ of the music biz, HSF is actually enjoying quite a fanciable Q4. |
19371 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
How are Hipgnosis Songs Fund’s assets performing vs. the market? How is the company’s ‘premium-only’ acquisition strategy holding up against its promise of growth “uncorrelated” to other industries? And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. the previous year’s equivalent period.
In the meantime, back in the ‘real world’ of the music biz, HSF is actually enjoying quite a fanciable Q4.
The company is benefitting from its cuts on hit albums including Taylor Swift’s 1989 (Taylor’s Version), via its acquired Jack Antonoff catalog, as well as Swift’s Lover (via its acquired Joel Little catalog). |
19372 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
And what does all of this suggest about the ongoing growth potential of the HSF portfolio vs. the multiples that Merck Mercuriadis paid to acquire it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. the previous year’s equivalent period.
In the meantime, back in the ‘real world’ of the music biz, HSF is actually enjoying quite a fanciable Q4.
The company is benefitting from its cuts on hit albums including Taylor Swift’s 1989 (Taylor’s Version), via its acquired Jack Antonoff catalog, as well as Swift’s Lover (via its acquired Joel Little catalog).
HSF’s investments in seasonal Christmas ‘evergreens’ continue to pay off too, with cuts on Michael Buble’s Christmas album and – most famously – a share of Mariah Carey’s perennial megahit, All I Want For Christmas Is You. |
19373 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
Such questions will only be answered when Hipgnosis Songs Fund’s board elects to release the company’s six-monthly financial results to end of September 30.
The most important KPI within those results, in MBW’s view: the company’s Pro-Forma Revenue, and how it compares, like-for-like, vs. the previous year’s equivalent period.
In the meantime, back in the ‘real world’ of the music biz, HSF is actually enjoying quite a fanciable Q4.
The company is benefitting from its cuts on hit albums including Taylor Swift’s 1989 (Taylor’s Version), via its acquired Jack Antonoff catalog, as well as Swift’s Lover (via its acquired Joel Little catalog).
HSF’s investments in seasonal Christmas ‘evergreens’ continue to pay off too, with cuts on Michael Buble’s Christmas album and – most famously – a share of Mariah Carey’s perennial megahit, All I Want For Christmas Is You.
JKBX (pronounced "Jukebox") unlocks shared value from things people love by offering consumers access to music as an asset class — it calls them Royalty Shares. |
19374 | Hipgnosis Songs Fund’s board is concerned over Citrin Cooperman’s latest valuation of the company. What’s it going to do about it?
the previous year’s equivalent period.
In the meantime, back in the ‘real world’ of the music biz, HSF is actually enjoying quite a fanciable Q4.
The company is benefitting from its cuts on hit albums including Taylor Swift’s 1989 (Taylor’s Version), via its acquired Jack Antonoff catalog, as well as Swift’s Lover (via its acquired Joel Little catalog).
HSF’s investments in seasonal Christmas ‘evergreens’ continue to pay off too, with cuts on Michael Buble’s Christmas album and – most famously – a share of Mariah Carey’s perennial megahit, All I Want For Christmas Is You.
JKBX (pronounced "Jukebox") unlocks shared value from things people love by offering consumers access to music as an asset class — it calls them Royalty Shares. In short: JKBX makes it possible for you to invest in music the same way you invest in stocks and other securities.Music Business Worldwide |
19375 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Today, placing Major League Baseball bets online is easier than ever. This guide will look at the best MLB betting sites and how to sign up for a new betting account.
All major MLB betting sites and apps post daily MLB odds, ranging from game lines to player props to futures bets. Fans can engross themselves in the season by betting on individual games, player performance, or season-long results.
You can choose from multiple sportsbooks and apps to bet on MLB games. You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. |
19376 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Today, placing Major League Baseball bets online is easier than ever. This guide will look at the best MLB betting sites and how to sign up for a new betting account.
All major MLB betting sites and apps post daily MLB odds, ranging from game lines to player props to futures bets. Fans can engross themselves in the season by betting on individual games, player performance, or season-long results.
You can choose from multiple sportsbooks and apps to bet on MLB games. You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score. |
19377 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
All major MLB betting sites and apps post daily MLB odds, ranging from game lines to player props to futures bets. Fans can engross themselves in the season by betting on individual games, player performance, or season-long results.
You can choose from multiple sportsbooks and apps to bet on MLB games. You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. |
19378 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Fans can engross themselves in the season by betting on individual games, player performance, or season-long results.
You can choose from multiple sportsbooks and apps to bet on MLB games. You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion. |
19379 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
You can choose from multiple sportsbooks and apps to bet on MLB games. You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. |
19380 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
You’ll have to create a new account at each, but you’ll also qualify for new-customer bonuses and promotions, so exploring your options and finding the best deal is worth the effort.
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams. |
19381 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Best MLB betting sites and apps
Below, we break down our four favorite MLB betting sites and apps.
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. |
19382 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
DraftKings Sportsbook
DraftKings, a premier sportsbook platform, boasts an extensive array of Major League Baseball betting options for novice and seasoned bettors. Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates. |
19383 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Their MLB odds include intriguing player and game prop bets, such as predicting the First Inning Winner or First Team to Score.
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. |
19384 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
These allow bettors to engage with games beyond simple outcomes. For those looking at the bigger picture, DraftKings provides futures bets. Fans can bet on potential division victors or take a shot at predicting the next World Series champion.
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available. |
19385 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
See more:
FanDuel Sportsbook
FanDuel stands out as a top destination for MLB enthusiasts looking to bet daily. It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. |
19386 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
It offers the staple bets such as run lines, where you can bet on the margin of victory, and totals, predicting the combined score of both teams.
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy. |
19387 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. |
19388 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
FanDuel also has dozens of player props, allowing bettors to focus on individual performances, predicting stats like hits, home runs, or strikeouts. Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player. |
19389 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Additionally, FanDuel presents an array of game props and futures bets, letting fans speculate on longer-term outcomes such as division champions or MVP candidates.
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. |
19390 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
See more:
BetMGM Sportsbook
BetMGM provides MLB aficionados with an expansive betting portfolio. Traditional bet types, such as moneylines, where one bets on the outright winner; run lines, which focus on the margin of victory; and totals that predict combined team scores, are all readily available.
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs. |
19391 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
For those who relish a deeper drop into the game, BetMGM has a deep lineup of player and team prop bets. Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors. |
19392 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Whether it's forecasting a player's strikeouts in a game or predicting the cumulative runs scored by a team, there's something for every strategy.
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount). |
19393 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
For the long-term visionaries, BetMGM rolls out an impressive array of futures bets. Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. |
19394 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Fans can place wagers on outcomes such as which team will clinch its division or which player will be honored as the league's Most Valuable Player.
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. |
19395 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
See more:
Caesars Sportsbook
Caesars has a comprehensive suite of MLB odds to elevate the game-watching experience. That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. The Bet365 app is perfect for rookie bettors yet also offers customized displays for seasoned MLB wagering veterans. |
19396 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
That includes run lines, predicting the margin of victory; totals, where bettors forecast the combined scores; and player props, focusing on individual milestones such as hits, home runs, or RBIs.
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. The Bet365 app is perfect for rookie bettors yet also offers customized displays for seasoned MLB wagering veterans.
A significant highlight is the platform's live-betting feature, allowing real-time bets on MLB games. |
19397 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Beyond these, game props allow bets on specific game events, while player futures bets provide the chance to predict longer-term outcomes like season MVPs or rookie of the year honors.
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. The Bet365 app is perfect for rookie bettors yet also offers customized displays for seasoned MLB wagering veterans.
A significant highlight is the platform's live-betting feature, allowing real-time bets on MLB games.
See more:
BetRivers Sportsbook
BetRivers stands out for its comprehensive Major League Baseball betting offerings. Bettors are presented with a wealth of stats and insightful tips related to upcoming games, enhancing the decision-making process. |
19398 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
Caesars also has a cash-out option that allows you to settle bets early to guarantee a payout (though at a reduced amount).
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. The Bet365 app is perfect for rookie bettors yet also offers customized displays for seasoned MLB wagering veterans.
A significant highlight is the platform's live-betting feature, allowing real-time bets on MLB games.
See more:
BetRivers Sportsbook
BetRivers stands out for its comprehensive Major League Baseball betting offerings. Bettors are presented with a wealth of stats and insightful tips related to upcoming games, enhancing the decision-making process.
Alongside the standard betting options, MLB enthusiasts can delve into a vast selection of alternate lines and prop bets tailored to the baseball experience. |
19399 | MLB Betting Sites & Apps - The Best Baseball Sportsbooks 2023
See more:
Bet365 Sportsbook
One of the world's premier sportsbooks, Bet365, has marked its presence in the US, notably emphasizing its Major League Baseball odds. Now accessible in many states and expected to grow further, Bet365 posts daily MLB odds boosts. The Bet365 app is perfect for rookie bettors yet also offers customized displays for seasoned MLB wagering veterans.
A significant highlight is the platform's live-betting feature, allowing real-time bets on MLB games.
See more:
BetRivers Sportsbook
BetRivers stands out for its comprehensive Major League Baseball betting offerings. Bettors are presented with a wealth of stats and insightful tips related to upcoming games, enhancing the decision-making process.
Alongside the standard betting options, MLB enthusiasts can delve into a vast selection of alternate lines and prop bets tailored to the baseball experience. Moreover, loyal MLB bettors can benefit from the iRush Rewards program. |
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