Justin Bieber’s music rights were sold for more than $200 million.
Variety confirms that the “historic deal” with Hipgnosis Songs Capital has closed, just weeks after reports of the impending sale surfaced.
It includes Bieber’s publishing copyrights and master recordings for his entire back catalog, which includes over 290 titles released before December 31, 2021, including his six studio albums and hits such as “Baby,” “Sorry,” “Love Yourself,” and “Peaches.”
“I want to thank Merck [Mercuriadis] and his entire Hipgnosis team, as well as all of our partners, involved, for working so hard to make this historic deal happen,” Scooter Braun, Bieber’s 15-year manager, said. “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. I’ve been grateful for the opportunity to witness this journey for the past 15 years, and I’m happy for everyone involved today. Justin’s greatness is just getting started.”
At the age of 28, Justin Bieber becomes one of the youngest artists to sell his music rights. The nine-figure deal is Hipgnosis Songs Capital’s largest music-rights acquisition since purchasing Justin Timberlake’s catalog earlier this year for just over $100 million.
“Over the last 14 years, Justin Bieber’s impact on global culture has truly been remarkable,” said Merck Mercuriadis, founder and CEO of Hipgnosis Song Management. “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 assisted him in building an incredible catalog, and it’s a pleasure to welcome Justin and his incredible songs and recordings to the Hipgnosis family.”
Following seasoned acts like Bob Dylan, Stevie Nicks, and Bruce Springsteen, as well as younger artists like John Legend, Future, and Iggy Azalea, Bieber is the latest artist to sell his catalog.
