Nile Rodgers performed a gig at the London Stock Exchange today—bet you never thought you’d read that—to celebrate the floatation of Hipgnosis Songs Fund, helmed by manager Merck Mercuriadis.
Hipgnosis’ first acquisition is a big one: a 75% interest in the 302-song catalog of four-time Grammy winner The-Dream for $23.75m.
"It’s critical for us to set the highest standards with our first acquisition,” Mercuriadis said. “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 of our time including Beyoncé, Rihanna, Justin Bieber, Jay Z and Kanye West. It’s an honour for this to not only be our first order of business but also to welcome Dream to our Advisory Board. He is a catalyst on so many levels and a big part of our future.”
