Justin Bieber nears $200m deal to sell music rights: report

Pop star Justin Bieber is close to a deal worth about $200 million to sell his music rights to Blackstone-backed Hipgnosis Songs Capital, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

The potential deal includes the Canadian artist’s interest in both his publishing and music catalog, according to the report.

Hipgnosis buys catalogs of songs from artists and generates revenue when their music is streamed online or used in films or advertising.

Bieber rose to fame at the age of 13 following the success of his song “Baby.” The pop star announced in June that he was diagnosed with Ramsay Hunt Syndrome, which left half his face paralyzed and forced him to cancel his performances.

Fellow pop artist Justin Timberlake sold the rights to his songs, including hits like “Cry Me A River” and “Rock Your Body,” to Hipgnosis Song Management in May.

Blackstone and Hipgnosis Song Management announced in October a partnership to invest approximately $1 billion in music rights acquisition and catalog management.

Hipgnosis and Bieber did not immediately respond to a Reuters request for comment.

https://nypost.com/2022/12/21/justin-bieber-nears-200m-deal-to-sell-music-rights-report/ Justin Bieber nears $200m deal to sell music rights: report

Emma Bowman

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