Leonard Cohen's estate sells his song catalogue to management company Hipgnosis

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Hipgnosis acquired rights to all 278 songs and derivatives written by the Canadian singer-songwriter.

The company says it has songwriter's share of royalties for songs Cohen wrote up until the year 2000, and songwriter's and publisher's share of royalties for songs written between

2001 and until his death in 2016.It's the latest in a spree of music rights acquisitions as companies hope to buy song rights from successful musicians and grow revenues as a result.

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