Financial terms of the deal were not disclosed.
A giant of the U.S. record industry, Reid’s songwriting and production successes include Boyz II Men’s two-time Grammy winning smash “End of the Road,” plus hits with Whitney Houston, Bobby Brown and many more.
Reid’s songwriting and producing credits include The Whispers’ “Rock Steady,” Sheena Easton’s “The Lover In Me,” Karyn White’s “Secret Rendezvous,” After7’s “Can’t Stop,” Pebbles’ “Giving You The Benefit,” Kenny “Babyface” Edmonds’ “No Crime,” Toni Braxton’s “You Meant The World To Me” and TLC’s “Baby, Baby Baby.”
The former Epic Records chairman/CEO and LaFace Records co-founder is now at the helm of Hitco Entertainment, the label behind Saint JHN’s global hit “Roses.”
Hipgnosis Songs Fund has racked up an impressive string of acquisitions since its founding in 2018, having spent more than $650 million on catalog acquisitions as of December 2019. Recent deals include the acquisition of independent publisher Big Deal Music earlier this week, as well as (outright or a stake in) the catalogs of Mötley Crüe’s Nikki Sixx, Wu-Tang Clan’s RZA, Blondie, Barry Manilow, Dion “No I.D.” Wilson and Chrissie Hynde.
Send your news and stories to us email@example.com or firstname.lastname@example.org and WhatsApp: +447747873668.
Before you go...
Democratic norms are being stress-tested all over the world, and the past few years have thrown up all kinds of questions we didn't know needed clarifying – how long is too long for a parliamentary prorogation? How far should politicians be allowed to intervene in court cases? To monitor these issues as closely as we have in the past we need your support, so please consider donating to The Climax News Room.