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Hipgnosis Acquires Majority Stake In The-Dream's Music Catalog

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Music investment firm Hipgnosis has purchased a majority stake in The-Dream's music catalog. The deal sees the company 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.

"I'm proud to be part of this beautiful venture," said The-Dream in a statement. Hailing Mercuriadis as a visionary "music titan," he went on to praise the veteran Canada-born exec for supporting his ambition to become this generation's Babyface and Dr. Dre. "Merck sees me as I see myself. In making this decision I said to Merck "I need a Jimmy Iovine in my life," not just to nurture my songs, but to also help solidify the legacy I seek for myself and my songs even after I'm gone, for my children and beyond. His reply was simply, 'I got it!'"

"It's critical for us to set the highest standards with our first acquisition," added Mercuriadis. "The-Dream is not only arguably the culturally most important songwriter of his generation, but he has written the marquee songs for the culturally most significant artists," said Mercuriadis.

The acquisition comprises over 300 songs and includes 25 Billboard top 10 songs and four Grammy Award winners, either written, co-written or produced by The-Dream.

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