Hipgnosis buys music catalogue of hip hop producer No I.D.
Hipgnosis Songs Fund Limited NPV
103.60p
17:15 25/04/24
Hipgnosis Songs Fund said it had bought the music royalty catalogue of US hip hop and R&B music producer, Ernest ‘Dion’ Wilson, known as ‘No I.D.’ for an undisclosed sum.
FTSE 250
19,601.98
17:09 25/04/24
FTSE 350
4,434.34
17:09 25/04/24
FTSE All-Share
4,387.94
16:49 25/04/24
Hipgnosis on Thursday purchased 100% of Wilson's worldwide copyrights and publishing royalties, including the writer’s share of income, in a catalogue which comprises 273 songs.
Wilson, considered the 'Godfather' of Chicago hip hop, has achieved commercial success with artists including Kanye West, Jay-Z, Alicia Keys, Usher, Rihanna, Common, Drake and Ed Sheeran, Hipgnosis said in a statement.
Hipgnosis founder Merck Mercuriadis said Wilson had been "in the middle of everything that is great about Hip Hop for more than two decades".
"He is a special creator and everyone in the Hipgnosis Family is proud to have him standing next to us."