February 8, 2023

Taylor Daily Press

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Justin Bieber sells his music rights for more than $200 million | Music

MusicJustin Bieber, 28, has sold the rights to his music to Hipgnosis Songs Capital. In return, he earned just over $200 million (€188 million). The company announced this on Tuesday.

As of now, Hipgnosis Songs Capital can make arrangements about using Justin’s entire music catalog. It consists of six albums over ten years, numerous singles and collaborations with other major artists. This is a total of 290 songs by the Canadian pop star, which were released before December 31, 2021. Bieber’s music can now be used in commercials, series and movies.

Scooter Braun, the singer’s manager, is very happy with the “historic deal”. “When Justin made the decision to sell his music rights, we quickly found the best partner to preserve and grow his amazing legacy: Hipgnosis,” he says. “I’ve been grateful for 15 years to be a part of Justin’s journey. And this is just the beginning.”

Biggest deal

It marked Hipgnosis’ largest deal to date with an artist under the age of 70. According to the music company, Justin Bieber’s influence on music culture is very special. The pop star’s songs have been streamed over thirty billion times and these are just the numbers from Spotify. Hipgnosis Songs Capital works in conjunction with the investment fund Blackstone. The company also owns the rights to the Red Hot Chili Peppers and Leonard Cohen’s music.

It’s been quiet around Justin Bieber lately. Last year news broke that the pop star had once again postponed his “Justice” tour. Initially, this decision was made due to the pandemic. Later, the singer developed Ramsay Hunt syndrome, a rare virus that causes facial paralysis. He said, “I need time to rest.”

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