16th Jul 2020 10:25
(Alliance News) - Music catalogue investment firm Hipgnosis Songs Fund Ltd said Thursday that it has bought the music catalogue of Grammy award-winning producer and songwriter RedOne.
Among the acquired catalogue are Lady Gaga's Poker Face, Bad Romance and Just Dance, all of which he co-wrote and/produced. Other songs included in the catalogue are Gaga's Alejandro and LoveGame.
RedOne has also co-written or produced songs and albums for recording artists including Jennifer Lopez, One Direction, Shakira, Jason Derulo and Nicki Minaj.
Hipgnosis has acquired 100% of RedOne's songs and recorded music interests including copyright, writer royalties and producer royalties in the catalogue which comprises 337 songs.
Merck Mercuriadis, founder of The Family (Music) Ltd and Hipgnosis, said: "Lady Gaga and RedOne represent one of the greatest producer/artist songwriting relationships of all time. They single-handedly put electronic dance music on the radio and changed the sound of pop music for more than a decade. We are delighted to welcome RedOne to the Hipgnosis family."
The Family (Music) serves as an investment adviser to Hipgnosis.
Shares in the FTSE 250-listed company were 0.8% lower at 119.00 pence each on Thursday morning in London.
By Ife Taiwo; [email protected]
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