Hipgnosis spends $323 million on songs by Justin Bieber, 50 Cent, Mariah Carey...

Hipgnosis Songs has acquired more than 33,000 songs from Kobalt Music Copyrights S.à.r.l. for $322.9 million, including songs from 1,500 songwriters, Music Business Worldwide reports. The British company catalog now includes hits such as Fleetwood Mac’s 'Go Your Own Way' and 'The Chain', 'All I Want For Christmas Is You' and 'One Sweet Day' by Mariah Carey, 'Bailando' and 'Hero' by Enrique Iglesias, 'Higher Love' by Steve Winwood, 'Roar' and 'Teenage Dream' by Katy Perry, 'Halo' by Beyoncé, 'Love Shack' by the B-52s, 'In Da Club' by 50 Cent, 'Sorry' by Justin Bieber, 'Let It Go' from Disney’s 'Frozen' soundtrack and thousands more. Hipgnosis Songs Fund Limited total portfolio now comprises 117 catalogs and 57,000 Songs, with an aggregate acquisition value of £1.18 billion ($1.525 billion).