Hipgnosis Songs Fund Limited (LON:SONG) said it has acquired the music royalty catalogue of US hip hop and R&B music producer Ernest Dion Wilson, known professionally as No I.D..
The FTSE 250 group said it has purchased 100% of the artist's worldwide copyright and publishing royalties, including writer's share of income, in the catalogue which comprises 273 songs.
READ: Hipgnosis Songs acquires catalogue of the man who writes the songs that make the whole world sing
Hipgnosis said No I.D. is among the most influential songwriters and producers, having worked with artists including Kanye West, Jay-Z, Alicia Keys, Usher, Rihanna, Common, Drake and Ed Sheeran.
"The words No I.D. are a stamp of excellence on any album. From Kanye West's '808s & Heartbreak', 'My Beautiful Dark Twisted Fantasy' and 'Yeezus' to Jay-Z's astonishing run from 'American Gangster' through 'The Blueprint 3', 'Magna Carta Holy Grail' and '4:44', Dion has been in the middle of everything that is great about Hip Hop for more than two decades. He is a special creator and everyone in the Hipgnosis Family is proud to have him standing next to us", Hipgnosis founder Merck Mercuriadis said in a statement.
No I.D. added: "Not many have the best intentions for the artist and the creators. Merck and the Hipgnosis team have shown that they are a safe home for the songs that score our lives."
Shares in the company were 0.4% lower at 122p in early deals on Thursday.