According to Billboard The Dream has become the first artist to partner with Hipgnosis Songs, a music IP investment company set up by former Beyoncé and Guns N’ Roses manager Merck Mercuriadis.
The deal sees the London Stock Exchange listed business agree to acquire a 75 percent stake in The-Dream’s catalog for a sum that could rise to more than $23 million.
The remaining 25 percent interest in the catalog will be retained by the singer-songwriter, real name Terius Youngdell Nash. The acquisition comprises just over 300 songs and includes 25 Billboard top 10 songs and four Grammy Award winners, either written, co-written or produced by The-Dream.
Notable tracks include Rihanna’s global smash “Umbrella,” which topped the charts in more than 20 countries, Beyonce’s 2010 Grammy-winning song of the year “Single Ladies (Put a Ring on It),” Justin Bieber’s “Baby” and Mariah Carey’s “Touch My Body.” Other songwriting/production credits include the 2003 Britney Spears and Madonna duet “Me Against the Music,” Kanye West’s “All Of The Lights” and Jay-Z’s “Holy Grail,” featuring Justin Timberlake.
The Dream took to Instagram to express his excitement saying “The Grand Thing is This isn’t what’s important, 23 Ms is cool but the real flip is The Billions this Fund will create. As I get started on building a new Catolougue. 2007-2015 closed currently working in my 2016-2024 catalogue.”