Producer and label executive L.A. Reid has sold 100% of his publishing interests and writers share of income in his 162-song catalog to Hipgnosis Songs and its Investment adviser, The Family (Music) Limited. The amount for the sale has not been disclosed. Hipgnosis Songs have also announced the appointment of Reid to its advisory board. Reid said about the deal: “I can’t imagine a better home for my lifetime of music and songs than Hipgnosis. Merck and his dream team truly value artists and their creative vision, and I couldn’t be more thrilled to partner with them for this exciting new chapter.”
L.A Reid has collaborated with artists such as Bobby Brown and Boyz II Men, and most notably Whitney Houston, collaborating on her Number 1 hit single ‘I’m Your Baby Tonight’ and co-writing and producing ‘Queen of the Night’ for The Bodyguard soundtrack album Reid co-founded LaFace Records with Kenny “Babyface” Edmonds in 1988 and signed future superstars including a then 14-year-old Usher, TLC, OutKast, Toni Braxton, and P!nk.
Currently Reid runs Hitco Entertainment, which he co-founded with Charles Goldstuck in 2018. Hitco represents artists such as Saint JHN, Jennifer Lopez, OutKast’s Big Boi, The-Dream, Delacey, Yella Breezy and Rubi Rose.
L.A. Reid Sells 100% Of 160-Song Writing & Publishing Catalog
Via feedproxy.google.com10/18/2020 4:09 PM
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