In totally unrelated news, L.A. just sold his entire music catalogue....
L.A Reid has sold 100% of publishing interests and writer’s share of income in his music catalog, comprising 162 songs, to Hipgnosis Songs Fund.
In addition, Reid is joining the Advisory Board of The Family (Music) Limited – the related company established by Merck Mercuriadis and Nile Rodgers to locate potential acquisition targets for Hipgnosis in the music industry.
Reid's catalogue includes hits by Whitney Houston, Bobby Brown, Boys II Men and TLC.
Fun Fact: Back in July super producer Rodney 'Dark Child' Jenkins also sold his entire music catalogue to Hipgnosis [click here if you missed that].
