Justin Bieber may make roughly $200M by selling his music rights to the newly formed Hipgnosis Songs Capital.
The 28-year-old “Love Yourself” singer’s publishing and recorded music catalog would be part of the sale, marking the largest such acquisition for the company according to reports to Wall Street.
According to WSJ, though the deal would be significant if it closes, investing in music that has yet to pass the test of time is considered to be a bigger risk than purchasing the rights to decades-old work.
Justin Timberlake once sold his song catalog rights to the same company in 2022 for far less. The rights of the former NSYNC star was reportedly sold for $100 million.
Among the list of pieces included in the singer’s catalogue are the six studio albums to his name thus far, remix and compilation albums, and a lot of singles with other artists’ tracks like 2017′s “Despacito.”
Hipgnosis owes its late 2021 founding to Blackstone and Hipgnosis Song Management Ltd., according to WSJ.
The company is managed by Merck Mercruiadis, a reportedly prime figure that has managed superstars like Beyoncé and Elton John.
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