June 28, 2022

Justin Timberlake Sells 100 Percent Of His Music Catalog

Hipgnosis Music Administration firm now owns 100 % of Justin Timberlake’s music catalog.

On Friday, Hipgnosis introduced they’ve bought “all of Justin Timberlake’s copyright, ownership and financial interests of the writer and publisher’s share of public performance income. And the catalog of musical compositions written by Justin Timberlake.” The deal additionally included “the worldwide administration rights to the compositions. Subject to the remaining term of Universal Music’s administration rights, which expire in 2025.”

Justin’s music gross sales are presently over 150 million. This contains 88 million as a solo artist and 70 million with NSYNC. Proper now, Justin is sitting on 25.6 month-to-month Spotify listeners with over 6.4 billion video views. He’s additionally slowly approaching 10 million subscribers on YouTube.

“I am excited to be partnering with Merck and Hipgnosis. He values artists and their creative work and has always been a strong supporter of songwriters and storytelling,” Justin says. “I look forward to entering this next chapter.”

The acquisition made by Hipgnosis was made on behalf of Blackstone-backed Hipgnosis Songs Capital (Hipgnosis Songs Capital ICAV). The “HSP” is a partnership between Hipgnosis Music Administration and funds managed by personal fairness agency Blackstone.

“Justin Timberlake is not only one of the most influential artists of the last 20 years. But he’s also one of the greatest songwriters of all time,” Hipgnosis CEO Mercuriadis says. “His hit songs including ‘Cry Me a River,’ ‘Rock Your Body,’ ‘SexyBack,’ ‘My Love,’ ‘What Goes Around…Comes Around,’ ‘Suit & Tie,’ ‘Mirrors,’ and ‘Can’t Stop the Feeling’ are the most iconic of the period. Putting this deal together has been a complete labor of love.”

Hipgnosis has change into a big purchaser of music catalogs. They beforehand closed offers with Neil Younger and hits carried out by Rihanna and Shakira.



Source