(Alliance News) - Hipgnosis Songs Fund Ltd on Wednesday said it has acquired a music catalogue from songwriter and producer Johnny McDaid.
The investment trust said McDaid has co-written songs with Ed Sheeran, Pink, Shawn Mendes, and Robbie Williams.
Hipgnosis has acquired McDaid's entire interest in his catalogue of songs released before the start of April, which comprises 91 songs. It didn't provide the financial terms of the deal.
"It's hard to have some of the biggest songs in the world and yet still be so underrated but Johnny is one of the most extraordinary creators, and his work with Ed and so many others speaks for itself, and it's an honour to welcome him and Erik to the Hipgnosis family," said Hipgnosis Founder Merck Mercuriadis.
The stock was trading 0.9% higher in London on Wednesday at 109.00 pence a share.
By Evelina Grecenko; evelinagrecenko@alliancenews.com
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Hipgnosis Song. (SONG)