Fleetwood Mac's Christine McVie, who wrote such hits such as Little Lies and Don't Stop, is the latest artist to sell her back catalogue of songs to investment firm Hipgnosis.

The English singer-songwriter sold the copyright of 115 her songs to the London company for an undisclosed fee, which gives investors the chance to take advantage of royalties from classic hits.

Founder and chief executive of Hipgnosis, Merck Mercuriadis said: "In the last 46 years the band have had three distinct writers and vocalists, but Christine’s importance is amply demonstrated by the fact that eight of the 16 songs on the band’s Greatest Hits albums are from Christine."

Lindsey Buckingham and McVie released an album together in 2017

Mercuriadis, who formerly managed Beyoncé and Elton John, also acquired the catalogue of McVie’s former bandmate Lindsey Buckingham last January. It included 161 songs including Go Your Own Way from the band’s multi-million selling 1977 album, Rumours.

"I am so excited to belong to the Hipgnosis family and thrilled that you all regard my songs worthy of merit," said McVie.

Hipgnosis has spent more than $2billion buying the rights to hits from artists such as Neil Young, Shakira, and Blondie, and it now says it now owns the rights to 48 of 68 tracks on Fleetwood Mac’s most successful albums.

Mercuriadis has previously said that cultural importance is a key factor when the firm considers whose back catalogue to purchase.

"So, with over £1bn invested, we only own 57,000 songs. But 10,000 of them are Top 10 songs, almost 3,000 of them are No.1 songs," he said.

"So, it's a very small catalogue, relative to Universal, Warner or Sony. But the ratio of success within that catalogue is very high, there are very few songs that are not successes."