EntertainmentJustin Bieber is selling the rights to his music catalog for $200...

Justin Bieber is selling the rights to his music catalog for $200 million.

He hit the jackpot. Canadian singer Justin Bieber has sold the rights to his music catalog to Hipgnosis for $200 million. British music fund manager Hipgnosis already owns the catalogs of Leonard Cohen, Shakira and the Red Hot Chili Peppers.

“Hipgnosis has acquired 100% of Justin Bieber’s shares in his publishing rights (including the author’s share in performance), master recording and related rights to his entire catalogue,” This was announced by the company, without specifying the amount of the transaction. The repertoire includes more than 290 tracks released up to December 31, 2021, including his biggest hits “Baby”, “Sorry” and “Love Yourself”, which Hipgnosis will receive the rights to after the release of the songs.

Justin Bieber’s impact on world culture over the past 14 years has been exceptional.

Merck Mercuriadis

in wall street magazine mentioned about $200 million in December, a source familiar with the matter confirmed to AFP on Tuesday. According to another source familiar with the situation, confirming the information of a specialized magazine diversityUniversal will continue to catalog the singer, whose six albums have gone platinum (one million sold) or multi-platinum (several million) since My world 2.0 in 2010 in Justice in 2021.

According to the same source, the music industry giant also remains the owner of the recording rights to the songs. “Justin Bieber’s impact on world culture over the past 14 years has been exceptional.” welcomed Hipgnosis founder and managing director Merck Mercuriadis, former manager of Elton John.

Justin Bieber is the latest and one of the youngest to sell his catalog following an established trend. With the streaming revolution, the rights to songs by artists who are dead or alive but considered eternal have become valuable assets. In addition to music streaming, companies like Hipgnosis are also monetizing their catalog on new platforms like TikTok or Roblox.

Among the most important deals in the past two years are the catalog sales of Bob Dylan, David Bowie or Bruce Springsteen, for which Sony has paid more than $550 million, according to media figures. Tina Turner, Neil Young, or the Red Hot Chili Peppers, among others, have done similar operations before them.

For Justin Bieber, the sale came as he went through a difficult 2022 due to health issues. He had to cancel part of his tour in June due to the rare Ramsay Hunt Syndrome, which paralyzed one side of his face. Returning to the stage, he again announced that he should stop in September.


Source: TF1


Please enter your comment!
Please enter your name here


Latest article

More article