Justin Bieber Sells Music Rights For $200M
Justin Bieber has sold the rights to his publishing and artist royalties from his song catalog, adding himself to a growing list of pop stars who have inked rights deals. The deal is valued at $200 million, according to Billboard. Rolling Stone called the sale the largest of any artist of Bieber’s generation.
Bieber sold his catalog to Hipgnosis, the music rights investment company announced Tuesday.
“Justin is truly a once in a generation artist and that is reflected and acknowledged by the magnitude of this deal,” Bieber’s longtime manager, Scooter Braun, said in a statement. “For 15 years I have been grateful to witness this journey and today I am happy for all those involved. Justin’s greatness is just beginning.”
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