Music mogul L.A. Reid has sold 100 percent of his 162-song writing and publishing catalog.
Reid is reportedly selling his catalog to the same company RZA, and No I.D. sold their catalog to—Hipgnosis Songs. The amount Reid received for his catalog was undisclosed, but Hipgnosis appointed the music mogul to their advisory board. Some Reid’s catalog included in the sale features the likes of Boyz II Men, Whitney Houston, The Whispers, Bobby Brown, TLC, and more. Reid spoke on the move, saying,
“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.”