Superstar producer The Dream is $23million richer. Hipgnosis Songs Fund Limited, which is a company recently launched by former EltonJohn and GunsNRoses manager, MerckMercuriadis, just purchased 75% of The-Dream’s catalog for $23 million!!

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“I’m proud to be part of this beautiful venture,” Dream tells @Variety. “Merck is a music titan who began his career well before I ever imagined having one. His futuristic views captured my attention and instantly made an impact. Merck sees me as I see myself. I sought out to be my generation’s Babyface and Dr. Dre, he sees the same.”

Songs in the catalog include Rihanna’s “Umbrella,” Beyonce’s “Single Ladies (Put a Ring On it),” Justin Bieber’s “Baby” and Mariah Carey’s “Touch My Body,” as well as a few of Dream’s own releases.

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