Hipgnosis appoints Whitney Houston producer L.A. Reid to advisory board and buys music catalogue

Founder of LaFace Records

Hipgnosis Songs Fund has acquired the song catalogue of Grammy award-winning songwriter and producer L.A. Reid and appointed the former music executive to the advisory board of The Family (Music) Limited, the trust’s investment adviser.

Hipgnosis said it had bought 100% of Reid's publishing interests and writers share of income in his catalogue, which comprises 162 songs. Reid has worked with artists such as Boyz II Men, Bobby Brown and Whitney Houston, of which the latter included co-writing and producing Queen of the Night for The Bodyguard album, to date the biggest-selling movie soundtrack of all time. Round Hill looks to raise $375m for Hipgnosis competitor Hipgnosis founder Merck Mercuriadis said: "L.A. Reid has become so successful as a music executive and developer of some of the most important artists in ...