Justin Bieber sells publishing rights for over $200 million to Hipgnosis Songs Capital
Business

Justin Bieber sells publishing rights for over $200 million to Hipgnosis Songs Capital

After weeks of rumors, Hipgnosis Songs Capital has confirmed that Justin Bieber has sold his shares of publishing and recording music catalog for over $200 million. 

Blackstone-backed Hipgnosis Songs Capital has officially confirmed their purchase of Justin Bieber’s music rights for a reported price tag north of $200 million, confirming news which had circulated weeks prior. This massive deal involves the Canadian star’s entire back catalogue, spanning 290 titles and includes Bieber’s share of publishing and recorded music copyrights, writer’s share of performance rights, and master recordings. According to sources, Universal Music, Bieber’s long-term home, will remain responsible for administering the singer’s songs, with UMG retaining ownership of the master recordings indefinitely. This groundbreaking acquisition has been finalized on behalf of Hipgnosis.

In the midst of the cooled-off catalog market, Bieber’s selection, featuring hits from the past decade and a half, does not have the same allure as that of veteran performers like Genesis and Phil Collins, whose catalogs fetched an estimated $300 million earlier in the year. Furthermore, escalating prices and interest rates, combined with increasing capital gains taxes, make this market even less attractive.

Braun, CEO of Hybe America and Bieber’s manager of 15 years, said: “I want to thank Merck and his entire Hipgnosis team and all of our partners involved for working so hard to make this historic deal happen. When Justin made the decision to make a catalog deal, we quickly found the best partner to preserve and grow this amazing legacy was Merck and Hipgnosis.  For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.”

Merck Mercuriadis, founder and CEO of Hipgnosis Song Management, said: “The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable.  This acquisition ranks among the biggest deals ever made for an artist under the age of 70, such is the power of this incredible catalog that has almost 82 million monthly listeners and over 30 billion streams on Spotify alone. Scooter Braun has helped him build a magnificent catalog, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.”

    • 1 year ago

    […] few months ago the artist sold his music catalog for $200 million to Hipgnosis Songs Capital. He isn’t the only artist to do this recently. Future also sold his […]

    • 1 year ago

    […] sold his entire music catalogue, including hits such as Despacito, Love Yourself and Baby, to Hipgnosis Song Management, a move that was rumored to have brought him a whopping $200 million.Last month, the singer was […]

Leave feedback about this

  • Rating
X