June 30, 2022

Leonard Cohen performs on the Glastonbury Pageant 2008 in Somerset, southwest England, on June 29, 2008.Luke MacGregor/Reuters

Leonard Cohen’s property has offered his music catalogue to Hipgnosis Music Administration.

The corporate headed by Middleton, N.S., native Merck Mercuriadis introduced the deal on Saturday.

Hipgnosis acquired rights to all 278 songs and derivatives written by the Canadian singer-songwriter.

The corporate says it has songwriter’s share of royalties for songs Cohen wrote up till the 12 months 2000, and songwriter’s and writer’s share of royalties for songs written between 2001 and till his demise in 2016.

Monetary phrases of the transaction weren’t disclosed.

It’s the most recent in a spree of music rights acquisitions as corporations hope to purchase music rights from profitable musicians and develop revenues because of this.

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