Hipgnosis said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog — all of his music released prior to December 31, 2021.
The sale has been rumored for weeks, and sees the 28-year-old join a who's who of artists who have cashed out recently on their catalogs.
The staggering sums — Springsteen's catalog went to Sony for a reported half billion dollars — are considered safe bets both for older artists getting their finances in order and investors who can count on consistent returns from time-tested music and the viability of streaming. Hipgnosis said they acquired Bieber's interest in his publishing copyrights to his 290-song back catalog — all of his music released prior to December 31, 2021.
"The impact of Justin Bieber on global culture over the last 14 years has truly been remarkable," said Hipgnosis chief Merck Mercuriadis, a longtime music industry executive, in a statement. Mercuriadis' Hipgnosis, which went public on the London Stock Exchange in 2018, has played a large part in publicising the spike in sales.
The flurry of sales came amid a wider conversation over artists' ownership of the work, amplified in large part by Taylor Swift, who has found resounding success as she re-records her first six albums so she can control their master recording rights.
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Justin Bieber sells music rights for $264 millionNEW YORK - Pop juggernaut Justin Bieber has sold his music publishing and recording catalog shares to the Blackstone-backed Hipgnosis Songs Capital for US$200 million (S$264 million), the company said Tuesday – marking the industry’s latest blockbuster rights deal. The...
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