Justin Bieber sells music catalogue for $200 Million

According to Hipgnosis Songs Capital, which is financed by Blackstone, Justin Bieber has given the firm the rights to his music for more than $200 million.

Justin Bieber sells music catalogue for $200 Million

The upcoming deal’s existence had been widely disclosed last month after weeks of rumours.

Bieber’s complete repertoire, which consists of over 290 titles issued before December 31, 2021, is covered by the agreement, including all of his publishing and recorded music rights, as well as his proportionate performance and writer’s rights, master recordings, and neighbouring rights.

Variety reports that Bieber’s former label, Universal Music, will continue to manage the distribution of his tracks.

The acquisition was made on behalf of Hipgnosis Songs Capital, a partnership between Hipgnosis Song Management and funds managed by Blackstone.

Bieber was represented by Scooter Braun at Hybe America, David Bolno at NKSFB, Aaron Rosenberg and Audrey Benoualid at Myman Greenspan Fox Rosenberg Mobasser Younger & Light LLP and Michael Rhodes at Cooley.

Braun, CEO of Hybe America and Bieber’s manager of 15 years, said: “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.”

Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, said: “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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