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Merck Mercuriadis’ Hipgnosis Songs Fund Drops $23 Million On ‘Dream’ Catalog

LONDON (CelebrityAccess) — The new song royalties investment vehicle the Hipgnosis Songs Fund, was formally listed on the London Stock Exchange on Wednesday as they announced the acquisition of a major song catalog.

First reported by Music Business Worldwide, Hipgnosis Songs Fund revealed on Wednesday that it had paid $23.75 million to acquire a 75% stake in music rights catalog from musician Terius Youngdell Nash, who is known professionally as The-Dream.