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Jimmy Iovine Sells Production Catalog to Hipgnosis Songs

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Jem Aswad Senior Music EditorWhile Jimmy Iovine is best known as one of the music industry’s biggest power players — a cofounder of both Interscope Records and the Beats by Dre headphone empire, and as an Apple Music executive — he began his career as music producer and engineer, working with Bruce Springsteen, Tom Petty, John Lennon, Patti Smith, U2, Stevie Nicks, Dire Straits and many others from the mid-1970s to the early 1990s.The ever-growing Hipgnosis Songs, which has invested more than $1.5 billion in music catalogs in just two and a half years, announced that it has acquired 100% of Iovine’s catalog of worldwide producer royalties, comprising 259 songs, and his film production royalties for the Eminem-starring “8 Mile” and 50.

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