Justin Bieber has sold his share of the rights to his music to Hipgnosis Songs for $200m
The six albums of the Canadian-American pop singer, including his most recent album, “Justice,” are included in the vast catalog sale deal with Hipgnosis, a U.K. music investment business.
In recent years, top musicians such as Sting, Bob Dylan, and Shakira have sold the rights to entire albums for enormous sums, but at age 28, Justin Bieber is the youngest celebrity singer to do so. In 2018, Hipgnosis bought Shakira’s repertoire.
Hipgnosis currently owns the publishing copyrights, songwriter’s ownership, master recordings, and the rights to Bieber’s complete catalog of recordings created through 2021. Bieber has released 290 titles, including successes like “Peaches” and “Beauty and the Beat,” since he was 13.
The financial details of the transaction have yet to be published, although Billboard Magazine says that the sale was valued at approximately $200 million.
This contract’s scale reflects and acknowledges that Justin is a once-in-a-generation performer. Bieber’s longtime manager, Scooter Braun, stated on Tuesday.
The Recording Industry Association of America has certified all six of Bieber’s studio albums platinum or multiplatinum, and 33 of his singles have been certified platinum or multiplatinum internationally. A song or album that sells over one million copies is certified platinum, while those that sell over two million documents are certified multi-platinum.