The veteran music executive’s catalog includes hit records from Whitney Houston, TLC, Boyz II Men, and more.
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Of course, L.A. Reid has had such a pivotal role in shaping R&B and hip-hop into what it is today, having co-founded LaFace Records with Babyface in 1998. The label launched the careers of artists like Outkast, Toni Braxton, Usher, Pink, and more.
Reid’s catalog that he sold includes records from TLC, who recently accused him of bailing on the group, Whitney Houston, Bobby Brown, the Whispers, Sheena Easton, Karyn White, and Boyz II Men, among others.
“I can’t imagine a better home for my lifetime of music and songs than Hipgnosis. Merck and his dream team truly value artists and their creative vision, and I couldn’t be more thrilled to partner with them for this exciting new chapter,” Reid said of the deal.