(CelebrityAccess) – Merck Mercuriadis’ Hipgnosis Songs Fund Limited (HSFL) has acquired the music catalog of US songwriter and producer Jason Boyd, AKA Poo Bear for an undisclosed sum.
Poo Bear’s catalog currently contains 214 songs performed by artists including Usher, David Guetta, DJ Khaled, Chris Brown, Fifth Harmony, Jennifer Lopez and Skrillex. He also co-wrote 9 songs on Justin Bieber’s monster album Purpose, which has sold over 14m copies worldwide, and co-wrote the English language version of “Despacito” by Luis Fonsi and Daddy Yankee, which featured Bieber and was No.1 in over 50 countries.
Commenting on the news, Mercuriadis said: “It’s fortuitous to be able to acquire a song catalog of this importance so early in its life.
“Poo Bear is an extraordinary young man whose songs have not only been No.1 and won Grammy Awards but also have a long life in front of them.”
“In a streaming world that is growing every day his songs are at the forefront, Despacito on its own was No.1 in more than 50 countries and is one of those truly rare songs that has united the globe.
“I’m delighted to welcome him to the Hipgnosis Songs Family.”
Poo Bear added: “I’m extremely honoured and blessed to join forces with Merck, Nile, The Dream and Hipgnosis.
“This is something I’ve been working towards for 22 years and I finally feel confident and comfortable that I’m doing this deal with the best company in the business.
“It’s beyond the money, it’s the assurance that my catalog will be respected and taken to even greater heights of success.”