Topline
Superstar Justin Bieber sold his music rights Hipgnosis Songs Capital, the company announced Tuesday, in a deal reported to be worth over $200 million, making him the latest musician to cash in on his catalog.
Key Facts
Hipgnosis acquired 100% of the publishing rights, masters recordings and neighboring rights of Bieber’s back catalog, 290 songs released before December 31, 2021.
The deal is worth over $200 million, Billboard and Variety reported.
This agreement is the largest music-rights acquisition for Hipgnosis, according to the Wall Street Journal, which acquired Justin Timberlake’s song-catalog rights last year for a reported $100 million.
Crucial Quote
Bieber’s longtime manager, Scooter Braun, said “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
Keep reading this article on Forbes Business.
