In what comes as a surprise, veteran music executive L.A. Reid has sold the entirety of his songwriting and publishing catalogue.
Full story below…
Video In-Article Ad (Desktop)Variety reports that Reid is now the latest to join the growing list of high-profile names to make such an all-encompassing move.
Totalling a staggering 162-songwriting and publishing credits, the producer has sold 100% of his catalog to Hipgnosis Songs and its investment adviser, The Family (Music) Limited.
This comes soon after the company assigned the hit-maker to its advisory board. Some of Reid’s catalog includes records from Whitney Houston, Bobby Brown, Boyz II Men, and TLC.
Speaking of the deal, Reid said:
“I can’t imagine a better home for my lifetime of music and songs than Hipgnosis. Merck and his dream team truly value artists and their creative vision, and I couldn’t be more thrilled to partner with them for this exciting new chapter.”
LaFace Records, which was founded in 1989 by Reid and Kenneth ‘Babyface’ Edmonds, is responsible for launching some of the biggest names in music, from Usher, to Toni Braxton, Pink and many more. The record label went on to be absorbed into RCA Records in 2011.
He follows in the footsteps of other producers who’ve sold their catalogs to Hipgnosis, including RZA, The Dream and No I.D.
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Reid has played a huge role in crafting the sound of R&B and Hip-Hop that we hear today. And continues to make a mark at his new label venture HitCo, which he established after exiting Epic Records in 2017.
Artists on his current roster include SAINt JHN and Rubi Rose.
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So what exactly happened from there?? He won’t get royalties they’ll be the only people who can get copyrights for the songs?
Yep. Unless he’s credited as a producer or exec producer, he won’t earn any monies from said songs.
Black men power!!!! 💅🏿💅🏿💅🏿💅🏿
“Artists on his current roster include SAINt JHN and Rubi Rose.”
These 2 artists are blowing up right now
Dinah jane is signed to his label also but she’s flopping
😂😂
U cant fake this shìt
It’s either ur born with IT or not
None of the 5th harmony girls are doing well except the lead singer, Camila cabello, cause she’s a star
I’m pretty sure if they were shoved in our face like Camila was they would..her leaving the group under controversy is the only thing that helped her. All the Women from that group have made songs way better than Camila especially Lauren. It’s unfortunate and you can try to pretend they aren’t talented but you’ll be lying to yourself like you already do
Wait, u wrote that with ur full chest and u thought u made sense?
None of those 4 flops can ever make a song like Havana
Even Camila’s most generic song crying in the club is better than anything all the 4 flops girls have ever released
It’s nobody’s fault Camila stood out amongst the 4 girls.
Her look, her voice and personality shined brighter than any of the other girls,
Normani is dull with zero personality and she didnt stand out same with the other 3 girls.
Beyonce stood out in destiny’s child, and that’s why she was a breakout star of the group, same with justin Timberlake in nsync and even diana ross in the supremes.
Now the 4 flops are solo, why is it taking them long to start their careers.
Even f******* that has received hype from 185434667 different celebrities, has collaborated with big names like Arianna, nicki, max Martin, sam Smith etc, but still, her career has stalled?
Whose fault is it?
Here comes the excuses
😂
C***** hitting them pockets..no concerts no 360 income. He needed the cash.
Give TLC back there music!!
Damn. His new label must be struggling if he did this. I guess Dinah Lame asked for an increase in her budget? 😂
Toni (and Traci!!! 😂) karma.