Hipgnosis Songs has acquired 32 songs by TheChainsmokers.
Terms were not disclosed for the deal, which sees Hipgnosis acquire 100% of the duo’s copyright interest, including ASCAP income, in 32 Chainsmokers’ songs, as well as 10 additional songs written by Andrew Taggart, who co-founded the group alongside Alex Pall in New York in 2012.
The Grammy-nominated “1-800-273-8255” by Logic featuring Alessia Cara and Khalid is one of 10 additional songs written or co-written by Andrew Taggart included in the catalog acquisition. “The Chainsmokers are the highest paid duo in the world not only because they know how to spin records better than anyone else but because they have created amongst the very biggest hits in the world for the dance and pop community over the last 7 years,” said Mercuriadis in a statement.
They included full or partial stakes in catalogs of The-Dream, Tricky Stewart, Poo Bear, Chic co-founder Bernard Edwards, songwriting trio TMS, Giorgio Tuinfort, Ari Levine, Sam Hollander, Johnta Austin, Sean Garrett, Rico Love and Itaal Shur, best known for co-writing the Santana and Rob Thomas smash hit "Smooth."
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