Hipgnosis Songs Acquires Hits-Rich Catalog of Bieber Collaborator Poo Bear

Poo Bear and Justin Bieber
 Rodin Eckenroth/Getty Images

Poo Bear and Justin Bieber at Poo Bear Grammy Party at Serafina Sunset on Feb. 10, 2017 in West Hollywood, Calif.

Hipgnosis Songs Fund Limited, the music IP investment company set up by former Beyoncé manager Merck Mercuriadis, has acquired a 100 percent stake in the catalog of frequent Justin Bieber collaborator Jason Boyd, better known as Poo Bear.

The 214-song catalog includes several Bieber or Bieber-affiliated hits, most notably "What Do You Mean?", "Company," and "Where Are Ü Now" off the singer's 2015 Purpose album, as well as the English version of Luis Fonsi's "Despacito," which boasts 636 million views on YouTube and 1.1 billion with a "b" streams on Spotify.

He also co-wrote and co-produced several tracks off Bieber's compilation album, Journals.

Poo Bear has also collaborated with Usher, David Guetta, Maria Carey, Martin Garrix, Sam Smith, Fifth Harmony, DJ Khaled, Trey Songs, Chris Brown, Lupe Fiasco and Kelly Rowland, among others.

"It's fortuitous to be able to acquire a song catalogue of this importance so early in its life," commented Mercuriadis, founder of Hipgnosis Songs and its investment adviser, The Family (Music) Limited. "Poo Bear is an extraordinary young man whose songs have not only been Number 1 and won Grammy Awards but also have a long life in front of them. In a streaming world that is growing every day his songs are at the forefront... I’m delighted to welcome him to the Hipgnosis Songs Family."

Added Poo Bear, "I'm extremely honoured and blessed to join forces with Merck, Nile, The Dream and Hipgnosis. This is something I've been working towards for 22 years and I finally feel confident and comfortable that I'm doing this deal with the best company in the business. It's beyond the money, it’s the assurance that my catalogue will be respected and taken to even greater heights of success."

Hipgnosis Songs announced over the summer that it had raised £200 million ($260 million) in investment capital to fund this type of acquisition of hit songs and copyrights. Aside from Poo Bear, the company has used that round to acquire a 75 percent stake in The-Dream's catalog.

The Canada-born Mercuriadis, whose former clients include Elton John, Guns N' Roses, Morrissey, Iron Maiden, Beyoncé and Diane Warren, was previously CEO of London-based The Sanctuary Group prior to its sale to Universal Music in 2007.