New York publishing company Primary Wave now has a controlling stake in the rights to the late artists intellectual property as three of Princes siblings cash out.
Songs fund reports that Hipgnosis has seen a 66% revenue rise after buying 84 catalogues last year, including Neil Young and Beyoncé.
The Californian funk rockers Red Hot Chilli Peppers are set to sell their entire catalogue to Hipgnosis for an impressive $140 million.