India  

Justin Bieber sells music rights for $200 million

FOXNews.com Wednesday, 25 January 2023 ()
Justin Bieber has closed a deal with Hipgnosis Songs Capital to sell the rights from his 291-song catalog for upwards of $200 million.
0
shares
ShareTweetSavePostSend
 
Video Credit: euronews (in English) - Published
News video: Justin Bieber sells music catalogue for $200 million: how does his deal compare to other artists?

Justin Bieber sells music catalogue for $200 million: how does his deal compare to other artists? 00:29

A new trend has started where stars sell their entire back catalogue to music investment firms. But just how much are these firms willing to pay for the rights to Bieber, Bowie and Bruce?

💡 newsR Knowledge: Other News Mentions

Justin Bieber Justin Bieber Canadian singer (born 1994)

Justin Bieber Becomes the Youngest Artist to Sell His Entire Music Catalog [Video]

Justin Bieber Becomes the Youngest Artist to Sell His Entire Music Catalog

Justin Bieber Becomes , the Youngest Artist to Sell , His Entire Music Catalog. 'The Guardian' reports that Justin Bieber has sold the rights to his entire music catalog in a deal worth a reported $200 million. The deal makes Bieber the youngest artist to cash in on his entire career's work. Hipgnosis Songs Capital (HSC) purchased the rights to 291 songs that Bieber has released, or has an interest in, until the end of 2021. Hipgnosis Songs Capital (HSC) purchased the rights to 291 songs that Bieber has released, or has an interest in, until the end of 2021. 'The Guardian' reports that the music rights company was backed by an initial $1 billion from private equity juggernaut Blackstone. Hipgnosis, a separate London-listed business, has spent a reported $2 billion on music deals since 2018. 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, Merck Mercuriadis, Founder and CEO of Hipgnosis Songs Limited, via 'The Guardian'. 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, Merck Mercuriadis, Founder and CEO of Hipgnosis Songs Limited, via 'The Guardian'. Between 2010 and 2021, Bieber released six studio albums. . Other stars to sell their lifetime catalogs include Bob Dylan, Neil Young and Tina Turner. Other stars to sell their lifetime catalogs include Bob Dylan, Neil Young and Tina Turner. Other stars to sell their lifetime catalogs include Bob Dylan, Neil Young and Tina Turner. 'The Guardian' reports that the Blackstone-funded HSC has already spent an estimated $600 million on deals since being formed in 2021. In that short time, the company has purchased the rights to all or part of the libraries belonging to Leonard Cohen, Nelly Furtado and Justin Timberlake. In that short time, the company has purchased the rights to all or part of the libraries belonging to Leonard Cohen, Nelly Furtado and Justin Timberlake. In that short time, the company has purchased the rights to all or part of the libraries belonging to Leonard Cohen, Nelly Furtado and Justin Timberlake

Credit: Wibbitz Top Stories    Duration: 01:32Published
Justin Bieber Reportedly Nears $200 Million Deal to Sell His Music Rights [Video]

Justin Bieber Reportedly Nears $200 Million Deal to Sell His Music Rights

Justin Bieber Reportedly Nears , $200 Million Deal to Sell His Music Rights. 'Variety' reports that sources have confirmed Bieber is close to finalizing a deal with Hipgnosis Songs Capital. The $200 million deal will include the 28-year-old's publishing and music catalog shares, which will still be administered and owned by Universal. The $200 million deal will include the 28-year-old's publishing and music catalog shares, which will still be administered and owned by Universal. The news comes as Bieber's "Justice" tour has been postponed several times. Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, who also sold their music rights this year. Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, who also sold their music rights this year. Bieber's catalog contains less songs than artists such as Genesis or Phil Collins, who also sold their music rights this year. But companies such as Hipgnosis are capitalizing on acquiring newer catalogs, . including Justin Timberlake's, which it snagged for over $100 million earlier this year. . including Justin Timberlake's, which it snagged for over $100 million earlier this year. . Hipgnosis also owns the rights to Leonard Cohen's music catalog. 'Variety' reports that the song catalog market peaked in 2020 and 2021 when Bob Dylan and Bruce Springsteen sold their catalogs for over $250 million and $500 million, respectively. 'Variety' reports that the song catalog market peaked in 2020 and 2021 when Bob Dylan and Bruce Springsteen sold their catalogs for over $250 million and $500 million, respectively

Credit: Wibbitz Top Stories    Duration: 01:31Published

Hipgnosis Songs Fund Hipgnosis Songs Fund UK music company

You Might Like


Related videos from verified sources

Justin Bieber has sold his entire music catalogue for over $200m [Video]

Justin Bieber has sold his entire music catalogue for over $200m

Justin Bieber has sold the rights to his music catalogue for over $200 million.

Credit: BANG Showbiz     Duration: 01:43Published
Justin Bieber Closes Sale to Hipgnosis for $200M | Billboard News [Video]

Justin Bieber Closes Sale to Hipgnosis for $200M | Billboard News

Hipgnosis Songs Capital has closed its deal to buy 100% of Justin Bieber's publishing, as well as his artist royalties from his master recordings and neighboring rights, Hipgnosis has confirmed.

Credit: Billboard     Duration: 01:15Published
Justin Bieber looks set to sell his entire music catalogue for $200 million [Video]

Justin Bieber looks set to sell his entire music catalogue for $200 million

Justin Bieber's bank balance will be given a massive boost if he follows through with a major music acquisition deal.

Credit: BANG Showbiz     Duration: 01:38Published