The company Hipgnosis Songs announced the news on Tuesday, January 24, reports the Daily Mail. Indeed, the singer Justin Bieber sold to Hipgnosis Songs, supported by Blackstone, his entire musical catalog. These are the songs from his 15 year career for the sum of 200 million dollars. The 28-year-old artist’s songs will continue to be administered by Universal Music, where he has been throughout his career, sources tell Variety. Hipgnosis Song Management founder Merck Mercuriadis released a statement about the acquisition on Tuesday (January 24th).
“Justin Bieber’s impact on global culture over the past 14 years has truly been remarkable. (…) ‘Scooter Braun has helped him build a wonderful catalog, and it’s a pleasure to welcome Justin and his amazing songs and recordings in the Hipgnosis family,'” he announced. Note that a month ago, the Wall Street Journal reported that the pop megastar was going to sell his entire music catalog for $200 million. At the time, Justin Bieber was still in negotiations with Hipgnosis Songs Capital. This deal would include his publishing and recorded music catalog.
Justin Bieber is worth around $300 million
So far, the Sorry singer has released six studio albums. He also has many singles and numerous collaborations with other renowned artists like Ludacris and Nicki Minaj. Justin Bieber is worth around $300 million, according to Daily Mail. He has also sold 150 million records worldwide. In addition to Justin Bieber, Justin Timberlake also sold his entire song catalog last May to Hipgnosis Song Management. This deal would have cost $100 million, according to The Guardian.
Justin Bieber © Backgrid USA
