Leonard Cohen’s songwriting catalogue has been sold to Hipgnosis for an undisclosed sum.
The acquisition was powered by Blackstone, and covers music recorded throughout the famed musician’s career.
The deal includes all 127 songs from Leonard Cohen’s Stranger Songs catalogue, which covers his work up to (and including) the year 2000.
In addition to this, Hipgnosis also took control of 100% of the copyrights – including publisher’s share and writer’s share – of royalties in the Old Ideas catalogue, which covers his late career swansong, running from 2001 until his death in 2016.
The new deal of course includes the much-covered ‘Hallelujah’, which has been streamed – in its various iterations – more than five billion times.
Long-time Leonard Cohen manager Robert Kory worked on the deal on behalf of the songwriter’s estate, with Merck Mercuriadis (founder and CEO of Hipgnosis Song Management) commenting:
“To now be the custodians and managers of Leonard Cohen’s incomparable songs is a wonderful yet very serious responsibility that we approach with excitement and fully understand the importance of.”
“Leonard wrote words and songs that have changed our lives, none more so obvious than Hallelujah but there are so many more that we look forward to reminding the world of on a daily basis. He is revered all over the globe because of the magnitude of his work and we are delighted that the Cohen family and Robert Kory have chosen Hipgnosis in this most important decision of who to entrust with Leonard’s legacy.”
“We welcome them to the Hipgnosis family and look forward to working together to honour the songs of the great Leonard Cohen.”
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Link to the source article – https://www.clashmusic.com/news/leonard-cohen-catalogue-sold-to-hipgnosis-for-undisclosed-sum