Source: Will Sanjuan / Picture Group
L.A. Reid is selling his song writing & publishing catalog to Hipgnosis Songs.
According to reports, the amount Reid will receive for his catalog was undisclosed, but Hipgnosis appointed the music mogul to their advisory board.
Some of his catalog included in the sale features Boyz II Men, Whitney Houston, Bobby Brown, TLC, and more.
Source: Variety
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