R&B impresario the-Dream has made a startling decision over his master catalog. Hipgnosis Songs, a music IP investment firm set up by a former entertainment manager who once handled Beyonce and Guns N' Roses' affairs, struck a deal with the artist for $23 million dollars. The partnership will hand Hipgnosis a 75 percent stake in The-Dream's 302-song catalog.
The remaining 25 percent will be retained. Of course, the many accolades and songwriting credits will also stay perched on his mantle. We're talking: 25 Billboard top 10 songs and four Grammy Award trophies, for works either written, co-written or produced by The-Dream. some of his notable songwriting credits include Rihanna's "Umbrella," Bey's "Single Ladies (Put a Ring on It)," Kanye West's "All Of The Lights" and countless more.
As part of the deal, The-Dream will become part of Hipgnosis' advisory board. Aside from capturing the 75 percent stake, Hipgnosis has identified 7 other "pipeline" catalogs which would bring them over the one thousand mark for Global artists charting over the last 50 years. The arrangement is supposed to help artist develop a low risk strategy for royalty returns. In the year 2018, you can buy stocks in an artist's body of work. Say The-Dream's music is featured in a movie, well you get the picture.
Invest wisely folks.