Merck Mercuriadis’ Hipgnosis Songs Fund buys catalog of Lady Gaga collaborator RedOne

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Music Business Worldwide reports: “UK-based Hipgnosis Songs Fund has acquired the music catalog of three-time Grammy-winning producer and songwriter, RedOne. The UK-based company’s latest acquisition comes just one week after raising £236.4m (approximately $ 299m) via the sale of a tranche of newly-placed C class shares.”
“Hipgnosis has acquired 100% of RedOne’s Songs and Recorded Music interests including Copyright,  Writer Royalties and Producer Royalties in his catalog comprising 337 songs.”

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