Justin Bieber sold music rights for $200 million
According to the New York Times News, on January 25, 2023, famous singer Justin Bieber sold the copyright of his music. Pop juggernaut Justin Bieber has sold his music publishing and recording catalog stock to Blackstone-backed Hypnosis Songs Capital for $200 million, according to sources!
Hipgnosis has not yet publicly disclosed the terms of the deal , but a source close to the matter told AFP that it is worth about $ 200 million , famous singer Justin has sold his copyrights !
So far some relatively young contemporary stars including Justin Bieber and Shakira along with him have made it big in the works! They both also have deals with Hypnosis but the sales frenzy has taken off mainly with legacy artists like B!
Smaller catalogs can be seen as risky territory, but Justin Bieber is considered one of the best-selling artists of all time and now has some of the biggest hits of the 21st century, including “Baby” “Sorry.” And he has also participated in Hipgnosis including “Love Yourself”.
As per the deal, Hipgnosis has also acquired Bieber’s publishing copyrights for his approximately 290-song back catalogue—all of his music released before December 31, 2021—including his author’s portion.
It also included artist rights to Justin Bieber’s lucrative master recordings as well as royalties from Neighboring Rights – a right that saw its owner receive payment every time a song was played in public.
But while Hipgnosis will receive the revenue, it will also continue to operate Universal Catalog, Bieber’s longtime home, according to Variety. Since being discovered on YouTube as a teen, the Canadian native has achieved global fame, selling over 150 million records.
He has charted a number 8 number of albums on his Billboard Top Albums list and also has 82 million monthly listeners on the streaming platform Spotify, where his songs alone have been streamed over 32 billion times. While Justin Bieber’s impact on global culture over the past 14 years has been truly remarkable.
At just 28, he has become one of the defining artists of the streaming era, having revitalized an entire music industry, taking with him his journey from teen phenomenon to culturally significant artist to a loyal and worldwide audience. can take