July 16, 2024

Justin Bieber just sold his entire PUBLISHING AND RECORDED music catalog for $200 million, full information, JUSTIN SOLD HIS MUSIC

Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list of pop stars who have inked rights deals.

Bieber sold his catalog to Hipgnosis, the music rights investment company announced Tuesday. The deal is valued at $200 million, according to Billboard. Rolling Stone called the sale the largest of any artist of Bieber’s generation.
Justin Bieber has sold his publishing and recorded music rights to Hipgnosis Songs Capital, marking yet another blockbuster music catalog acquisition.

The deal, announced on Jan. 24, covers Bieber’s entire back catalog – 290 songs released before Dec. 31, 2021. Hipgnosis Songs Capital scooped up a 100% interest in Bieber’s publishing copyrights. (including his writer’s share),

the musician’s share of the royalties from his master recordings (which are still owned by Universal Music Group),
and even a more nitty-gritty royalty known as neighboring rights (any time a song is played publicly — like at a coffee shop – “neighboring rights” are paid to the owner of the recording).

Hipgnosis didn’t reveal the exact financial details of the sale, but The Wall Street Journal first reported that the deal was valued at around $200 million last month.

Bieber joins a slate of more contemporary high-profile artists such as Justin Timberlake (who also sold to Hipgnosis) and Ryan Tedder in selling their catalogs, but the trend has been much more prevalent among legacy acts, such as Bruce Springsteen and Bob Dylan,

whose catalogs are often seen as a safer bet among investors given that they’ve proven themselves over decades and may not lose as much revenue on radio and streaming play.

Still, with the deal closed, Hipgnosis gets Bieber’s share in some of the biggest hits of a musical era, including “Baby,” “What Do You Mean,” “Sorry,” and “Love Yourself.”

With more than 150 million records sold, Bieber is one of the greatest- selling recording artists of all time.
The buying boom of the past several years seems to have quieted down in 2022, but an acquisition the size of Bieber’s catalog proves there are still deals to be made in the music acquisition space.

In a statement, Bieber’s longtime manager Scooter Braun said, “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 bod of work. Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal.”

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