Noel Gallagher in discussions with Hipgnosis about selling his music catalogue
Noel Gallagher is in discussions with Hipgnosis about selling his music catalogue, the Daily Mail can reveal.
Gallagher has been open about wanting to sell his catalogue, telling the BBC: ‘It’s a thing that’s going on in the music business at the moment, rich guys buying up catalogues.
‘My fear is leaving it to my kids and they’ll swap it for a choc ice or Playstation. There’s a long, long, long conversation to be had.’
Tuned in: Noel Gallagher (pictured) is in discussions with the Hipgnosis Songs Fund about selling his music catalogue
If a deal is reached with the Oasis star it would be the latest scalp for Merck Mercuriadis, who co-founded the firm in 2018 with Nile Rodgers, of the band Chic, and is chief executive of Hipgnosis Songs Fund.
Hipgnosis has already signed up singer-songwriter Neil Young and pop princess Shakira this year.
It plans to tap investors for another £150million to buy a ‘substantial pipeline of songs’.
The music intellectual property rights investor will place shares at 121p, a small discount to yesterday’s 124p a share close.
Last week it said its catalogue of songs had increased in value by almost 10 per cent last year after a pandemic boom in streaming.