Justin Bieber Becomes , the Youngest Artist to Sell , His Entire Music Catalog.
'The Guardian' reports that Justin Bieber has
sold the rights to his entire music catalog
in a deal worth a reported $200 million.
The deal makes Bieber
the youngest artist to cash in
on his entire career's work.
Hipgnosis Songs Capital (HSC) purchased
the rights to 291 songs that Bieber has released,
or has an interest in, until the end of 2021.
Hipgnosis Songs Capital (HSC) purchased
the rights to 291 songs that Bieber has released,
or has an interest in, until the end of 2021.
'The Guardian' reports that the music rights
company was backed by an initial $1 billion
from private equity juggernaut Blackstone.
Hipgnosis, a separate London-listed
business, has spent a reported
$2 billion on music deals since 2018.
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
revitalized the entire music industry, Merck Mercuriadis, Founder and CEO of Hipgnosis
Songs Limited, via 'The Guardian'.
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
revitalized the entire music industry, Merck Mercuriadis, Founder and CEO of Hipgnosis
Songs Limited, via 'The Guardian'.
Between 2010 and 2021,
Bieber released six studio albums. .
Other stars to sell their lifetime
catalogs include Bob Dylan,
Neil Young and Tina Turner.
Other stars to sell their lifetime
catalogs include Bob Dylan,
Neil Young and Tina Turner.
Other stars to sell their lifetime
catalogs include Bob Dylan,
Neil Young and Tina Turner.
'The Guardian' reports that the Blackstone-funded
HSC has already spent an estimated $600 million
on deals since being formed in 2021.
In that short time, the company has purchased
the rights to all or part of the libraries belonging to
Leonard Cohen, Nelly Furtado and Justin Timberlake.
In that short time, the company has purchased
the rights to all or part of the libraries belonging to
Leonard Cohen, Nelly Furtado and Justin Timberlake.
In that short time, the company has purchased
the rights to all or part of the libraries belonging to
Leonard Cohen, Nelly Furtado and Justin Timberlake