Justin Bieber has reportedly sold his 15-year music catalog for $200 million.
The 28-year-old “Baby” singer has sold a fortune on her musical interest over the past three years, following in the footsteps of artists such as Bob Dylan, Mick Fleetwood, Neil Young, Sting and blondie singer Debbie Harry. rice field.
Justin announced on Tuesday (24.01.23) that he has sold the rights to his recording career to London-listed Hypnosis Songs Capital. .
Merck Mercuriadis, 59, founder of Hipgnosis Song Management, said of acquiring Justin’s entire portfolio of 290 songs by 2022:
“This acquisition is one of the biggest deals ever made for an artist under the age of 70. It represents this incredible deal with nearly 82 million monthly listeners and over 30 billion streams on Spotify alone. That’s the power of catalogs.
“Scooter Braun[Justin’s manager]has helped him put together an amazing catalog.
Justin, 26, who is married to model Hailey Bieber, is already worth an estimated $300 million and is one of the world’s best-selling artists with 150 million records sold worldwide. I’m a person. and Nicki Minaj.
All of Justin’s studio albums have been certified platinum or multi-platinum, and his singles “Baby,” “Sorry,” and “Despacito” have each sold over 10 million copies in the United States and achieved diamond status. increase.
Merck added that selling Justin means he will “remove risk in his future” and give himself the “independence” that would make him the envy of “most people” in the world.
The former manager of Sir Elton John and the Pet Shop Boys, whose company ended up being paid every time Justin’s songs they owned were played in public. Numbers are widely reported.
he said:
“And that would give him the opportunity to make his money work for himself.
“And he’s taking risks off his future, giving himself an independence and a cushion that most people in the world would envy.”
