Superstar producer The Dream is $23million richer.
Hipgnosis Songs Fund Limited, which is a company recently launched by former Elton John and GunsNRoses manager, Merck Mercuriadis, just purchased 75% of The-Dream’s catalog for $23 million!!
“I’m proud to be part of this beautiful venture,” Dream tells @Variety. “Merck is a music titan who began his career well before I ever imagined having one. His futuristic views captured my attention and instantly made an impact. Merck sees me as I see myself. I sought out to be my generation’s Babyface and Dr. Dre, he sees the same.”
Songs in the catalog include Rihanna’s “Umbrella,” Beyonce’s “Single Ladies (Put a Ring On it),” Justin Bieber’s “Baby” and Mariah Carey’s “Touch My Body,” as well as a few of Dream’s own releases.