Hipgnosis Songs Fund Limited and The Family (Music) Limited have acquired a music catalog from artist/producer duo The Chainsmokers, aka Alexander "Alex" Pall and Andrew "Drew" Taggart.

The trove of compositions includes 32 Chainsmokers songs—led by such works as #1 smashes "Closer" (f/Halsey), "Don't Let Me Down" (f/Daya), not to mention 10 songs written or co-written by Taggart, including the Logic monster "1-800-273-8255" f/Alessia Cara and Khalid.

The Grammy-winning Disruptor/Columbia pair is the 14th most-streamed act globally on Spotify and has racked up a big ol' pile of platinum and gold certifications. They were represented in the deal by manager Adam Alpert and attorney Jaimie Roberts.

This pact follows on the heels of Hipgnosis catalog coups including Benny Blanco, Dave Stewart, Jamie Scott and Starrah. The company has raised a mountain of investment capital based on its "songs as assets" structure. More on all that at the "related stories" links below.

"The Chainsmokers have created amongst the very biggest hits in the world for the dance and pop community over the last seven years," proclaimed Hipgnosis/The Family (Music) Limited boss Merck Mercuriadis. "It’s my pleasure to welcome Alex, Drew and Adam to the Hipgnosis Family. But I'd like to know who took my lighter."

In a related story, we tried chainsmoking once back in college, but ended up curled in a fetal position under a table, weeping softly into a crocheted pillow. So perhaps it's best left to professionals.