L.A. Reid has an extensive songwriting and producing catalog, which is why his fans are shook after finding out he sold 100% of it for an undisclosed amount.
The 64-year-old record executive’s catalog consists off 162 songs with records from Boyz II Men, TLC, Whitney Houston, Toni Braxton, and more.
The catalog has been sold to Hipgnosis Songs and its investment advisor. Details of the amount of money Reid received have not yet been disclosed, however it was revealed that Reid will now be joining the company’s Advisory Board.
Blogged By: Bernie Oh!| @IamBernieOh
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