May 30, 2023

Justin Bieber Sells Music Rights For $200M, Includes Shares Of His Publishing & Recorded Music Catalog

Justin Bieber simply cashed in large. As anticipated, he offered his music rights, reported to be value over $200 million.

Hipnosis Songs Capital confirmed Tuesday the acquisition of the catalog following the rumors it was going to occur.

Hipgnosis acquired 100% of the publishing rights, grasp recordings, and neighboring rights of Bieber’s again catalog. It consists of 290 songs that had been launched earlier than December 31, 2021, Forbes reported. This consists of his hit songs “Baby” and “Boyfriend.”

Bieber isn’t the one artist to signal over his music rights. Hipgnosis additionally acquired Justin Timberlake’s track catalog final yr for $100 million.

Bieber’s longtime supervisor Scooter Braun made a press release on the acquisition, saying, “When Justin made the decision to make a catalogue deal we quickly found the best partner to preserve and grow this amazing legacy was Merck [Mercuriadis] and Hipgnosis. For over a decade now Justin Bieber has entertained us and moved us with some of the biggest songs in the world. I’m so proud of him and all those involved over the years in helping amass this incredible body of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.”