Leonard Cohen is photographed in Toronto, Saturday, Feb. 4, 2006. Representatives for Leonard Cohen's estate say they're considering legal action after the Republican National Convention used a cover of "Hallelujah" despite being explicitly told they didn't have permission. THE CANADIAN PRESS/Aaron Harris

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

Leonard Cohen’s estate has sold his song catalogue to Hipgnosis Song Management.

The company headed by Middleton, N.S., native Merck Mercuriadis announced the deal on Saturday.

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.

Financial terms of the transaction weren’t disclosed.

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.