Justin Bieber sells 291-song catalog for $200m
After selling his 291-song discography for an estimated $200 million, Justin Bieber has made a sizable profit.
The 28-year-old Grammy Award-winning musician on Tuesday gave Hipgnosis Songs Capital, the same company to which Kenny Chesney and Justin Timberlake recently sold their catalogs, the rights to every song he’s ever recorded or expressed interest in.
The sale includes all six of Justin Bieber’s studio albums as well as some of his most popular singles, including “Baby,” “Boyfriend,” “What Do You Mean,” “Sorry,” “Love Yourself,” “Yummy,” “Holy,” and “Peaches.”
Hipgnosis Song Management said;
This acquisition ranks among the biggest deals ever made for an artist under the age of 70.
At only 28 years of age, he is one of a handful of defining artists of the streaming era that has revitalized the entire music industry.
Hipgnosis now holds a 100 percent stake in the earnings from Justin Bieber’s authorship and recording credits as well as “neighbouring rights,” or the revenue from any public performances of the song in establishments like shops and restaurants.
However, Universal Music Group will always be the owner of his recorded masters.