Grammy-nominated rapper, Logic, has sold off a chunk of his catalogue in a deal with the US-based company Influence Media Partners. It is reported to be worth an undisclosed “high eight figures”.
Per a press release earlier this week, the deal encompasses 185 Logic songs. This includes the Alessia Cara and Khalid-featuring hit ‘1-800-273-8255’, ‘Everyday’ with Marshmello, ‘Sucker For Pain’, the expansive collaboration with Lil Wayne, Wiz Khalifa, Imagine Dragons and Ty Dolla $ign, and ‘Homicide’ alongside Eminem.
The music and rights company said the deal “further solidifies Influence Media’s investment in the future of Hip Hop within the music publishing and content rights marketplace” and that it “aligned with their mission to bolster ‘modern evergreen’ music.” Adding: “Influence Media will continue to expand the impact of Logic’s contribution on pop culture.”
In his statement, Logic explained: “Making music has always been a creative outlet and a form of therapy for me, and I’ve been humbled by how deeply it has connected with people around the world.”
The Maryland rapper continued: “It’s important to me that the positive messages of my music continue to reach new audiences, and I’m excited to partner with Rene and the Influence Media Partners team to make a further impact through creativity.”
In 2022, Influence Media announced a $720 million fund that it would use to invest in “high-value compositions from diverse artists” with the support of BlackRock Alternative Investors and Warner Music Group. So far, the company has invested in over 25 catalogues, including buying a large part of Future’s in September last year.
It a statement, Influence Media Partners said they were “honoured” to partner with Logic.
