The multi-platinum producer sold copyrights to hits recorded by Rihanna, Maroon 5, Justin Bieber, Shawn Mendes and Camila Cabello.
The deal also includes the majority of the song catalog of his son, Grammy winner Gary Scruggs.
Billboard's Music & Money Dinner co-hosted by the NMPA on June 12 brought together some of the biggest names in the booming music investment market.
The company now looks to tap a “robust pipeline” of music asset opportunities and add to its more than 100,000 copyrights.
