David Foster has sold a stake of his writer’s share of performance income for all of his songs to Hipgnosis Songs Capital.
David Foster attends the 2020 Vanity Fair Oscar Party hosted by Radhika Jones at Wallis Annenberg Center for the Performing Arts on Feb. 9, 2020 in Beverly Hills, Calif.has sold a stake of his writer’s share of performance income for all of his songs to Hipgnosis Songs Capital, a partnership of Hipgnosis Song Management and funding from Blackstone.
Throughout his storied career, Foster has earned 47 Grammy nominations , three Academy Award nominations for Best Original Song , three Golden Globe nominations and was inducted into the Songwriters Hall of Fame.
In 2011, peermusic purchased a majority stake in Foster’s song catalog. The deal encompassed all of the songwriter’s publishing vehicles — Foster Frees Music, Air Bear Music and One Four Three Music — and his catalog of more than 500 songs. The two had been longtime partners, and the team at peermusic has been administering Foster’s publishing for more than 25 years.
Hipgnosis’ deal with Foster aligns with other recent news from the company, which continues to invest in music IP. This year already, Hipgnosis has also acquired other legendary writers behind the world’s biggest hits, including their purchase of 40 songs from
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