award-winning producer Andrew Wotman, alias. Watt, became the latest big name to sell its back catalog to London-listed song investment fund Hipgnosis,
Watt has co-written five of the 100 most listened to songs of all time, working with stars including Justin Bieber, Camila Cabello and Youngblood.
Hipgnosis, who has raised more than £ 1 billion from investors since its float in 2018, said it also had a corresponding right to future Watt songs as part of the deal.
The fund, launched by former Beyoncé manager Merck Mercuriadis, has been on a buying spree this year – grabbing rights ranging from Michael Bublé’s albums to Neil Young’s music to the 145-song catalog of Shakira.
Mercuriadis said Watt “is arguably the most important writer and producer in the world today” and that the producer will be “an incredibly important part of our future”.
Watt, who also has hits with Miley Cyrus, Due Lipa and Post Malone in his catalog of 105 songs, said the move was “obvious” and praised Mercuriadis for being “changing the game of songwriters. “by putting” creators first “.