hipgnosis

Justin Bieber Sells Music Catalog to Hipgnosis Songs Capitol for Reported $200M

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DJ Khaled Drops 'POPSTAR' Video Featuring Drake and Justin Bieber

Back up the Brinks truck to Justin Bieber’s house. Justin Bieber has sold his career-spanning catalog to Hipgnosis Songs Capital. The number reportedly is bringing back a whopping nine figures.

Hignosis has announced the acquisition of 100% of Bieber’s Publishing Rights, Master Recordings, and Neighboring Rights for his entire catalog for over 290 titles through Dec. 31, 2021.

According to The Wall Street Journal, the Hipgnosis/Bieber deal is worth around $200 million. Future releases from Bieber will still be under Universal Music Group.

“I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen,” Bieber’s manager Scooter Braun said in a statement. “When Justin made the decision to make a catalog deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis. For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.”

Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, added: “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable. This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has helped him build a magnificent catalog, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.”

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Justin Bieber’s Music Catalog Sells For Over $200 Million

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In the years since he first rose to fame as a young boy singing covers on YouTube, Justin Bieber has gifted his fans with an expansive listening library. It all began in 2009 with his My World EP. Afterward, the Canadian creative satisfied the masses with releases like Journals, Believe, and most recently, Justice.

In recent months, there have been talks of the 28-year-old signing a huge deal. This would include handing his music catalog off to another entity. Last month, rumours said the singer could potentially earn $200M if both parties agree.

On Tuesday (January 24), Variety shared that Bieber actually made slightly upwards of the aforementioned price in his contract with Hipgnosis Songs Capital. Over 290 titles were a part of the deal, all of them released prior to December 31, 2023. At this time, his songs will continue to be administered by Universal Music, and UMG will own his master recordings.

Scooter Braun, the “One Time” hitmaker’s longtime manager gave a statement on the massive transaction. “I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen. When Justin made the decision to make a catalog deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis.”

“For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning,” he continued.

Justin Bieber (L) and Scooter Braun backstage during the One Love Manchester Benefit Concert at Old Trafford Cricket Ground on June 4, 2017 in Manchester, England. (Photo by Kevin Mazur/One Love Manchester/Getty Images for One Love Manchester)

Things on Bieber’s front have been relatively quiet as of late. Fans were concerned when he once again postponed the final dates of his Justice tour. It was previously scheduled to launch in 2020, and still hasn’t been finished by 2023.

Initially, the Drew founder was faced with delays due to the COVID-19 pandemic. Eventually, he began rescheduling due to a battle with Ramsay Hunt syndrome which left his face paralyzed.

Bieber’s catalog deal is certainly a major bragging right, but he’s not the only artist making major money moves lately. Before launching her OnlyFans page and bringing in serious cash there, Iggy Azalea also sold her collection of songs in an impressive eight-figure deal.

Read what the Australian artist had to say about that here, and check back later for more pop culture updates.

[Via]

Justin Timberlake Sells His Music Catalog for $100 Million

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Justin Timberlake

Justin Timberlake has just added $100 million to his bankroll. According to Music Business Worldwide, Timberlake sold 100% of his “copyright, ownership and financial interests of the Writer and Publisher’s Share of Public Performance income, and the catalog of musical compositions” to Hipgnosis Song Management. The song management firm reportedly paid in cash.

Hipgnosis has rights to the remaining Universal Music Rights term, which expires in 2025. Timberlake has sold over 150 units in his career, including 88 million as a solo act and 70 million as a member of NSYNC. He currently has 26.5 million Spotify listeners and 6.4 billion video views on his YouTube, closing on 10 million followers.

“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,” said Merck Mercuriadis, Founder and CEO of Hipgnosis Song Management. “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 amongst the most iconic of the period.”

JT added, “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.”

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