Hipgnosis Songs Fund Ltd (LON:SONG) has acquired a catalogue of music from Grammy Award-winning producer, mixer and engineer, Andy Wallace.
Wallace may not be a household name but he is credited on albums that have shifted more than 120mln units; he has worked with giants of the music industry, including Aerosmith, Bruce Springsteen, Coldplay, the Foo Fighters, Nirvana, Paul McCartney, Prince and Run DMC.
“Andy has shaped the sound of great records for almost 40 years now and from seminal albums such as Nirvana's 'Nevermind' to Jeff Buckley's iconic 'Grace' and through landmark albums for Coldplay, Foo Fighters et al, he has had an award-winning career that has defined what rock music sounds like. It's fantastic to welcome him to the Hipgnosis family,” said Merck Mercuriadis, the founder of Hipgnosis Songs.
Shares in Hipgnosis were unchanged in mid-morning trading.