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Justin Bieber Sells Catalogue For $200M

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January 25, (THEWILL) – Justin Bieber has received a huge payday after selling his 291-song catalogue for a reported $200 million.

On Tuesday, the 28-year-old Grammy-winning musician sold the rights to every song he’s released, or had interest in, up until the end of 2021 to Hipgnosis Songs Capital, the same company to which artists including Kenny Chesney and Justin Timberlake, have recently sold their catalogues to.

The sale includes Bieber’s six studio albums and some of his hit songs such as ‘Baby’, ‘Boyfriend’, ‘What Do You Mean’, ‘Sorry, ‘Love Yourself’, ‘Yummy’, ‘Holy’ and ‘Peaches’, among others.

“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 revitalised the entire music industry,” said Hipgnosis song management, which manages the music rights company.

Hipgnosis now owns a 100% interest in profits made from Bieber’s writing and recording credits as well as “neighbouring rights,” otherwise known as the money made from any public play of the song in stores, restaurants, etc. His recorded masters, however, will continue to be owned by Universal Music Group in perpetuity.