Justin Bieber Is Reportedly Closing a $200 Million Deal to Sell His Music Rights
To the same company that bought Justin Timberlake’s catalog earlier this year.
Justin Bieber is reportedly in talks with Hipgnosis Songs Capital about selling the rights to his entire music catalog.
According to The Wall Street Journal, the singer is set to close on an almost $200 million deal with the company, which — if it goes through — will mark the largest music-rights acquisition in Hipgnosis Songs Capital’s history. If the name sounds familiar to you, that’s because Hipgnosis is the very same company which reportedly bought the rights to Justin Timberlake‘s music catalog earlier in the year, rumored to be for around $100 million.
Bieber’s deal is set to cover the singer’s whole music catalog, which would include his total of six albums, alongside every single and every collaboration that he’s done over the last decade.
Alongside selling his music rights, Bieber’s recently spoken out against fashion retailer H&M, for releasing an unapproved merchandise collection with images of the artist plastered across them. The retailer has since pulled the collection, after Bieber shared a series of comments about the “trash” collaboration on Instagram.
Stay tuned for more details.
